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Business Contracts Guide Transactions to Successful Conclusions

Experienced business professionals know from experience that business contracts guide transactions to successful conclusions.  They understand the value and importance of a well-crafted business contract and the role it will play in reducing misunderstandings and contract disputes.  A well conceived business contract clearly establishes the intent and role of each...

What is a PFIC and Why are the Taxes So High?

What is a PFIC and why are the taxes associated with PFICs so high?  A Passive Foreign Investment Company or PFIC is classified by the IRS as a foreign corporation or entity who meets either an asset test or income test established by the agency.  The asset test is based...