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The IRS Begins Accepting 2017 Tax Returns

The IRS begins accepting 2017 tax returns as tax season is upon us.  Allen Barron is uniquely structured to prepare and file your international, domestic, business and personal tax returns.  Our tax attorneys are supported by Allen Barron's accounting professionals as we work toward this year's deadline of April 17. ...

Many Working in the US on an H1-B Visa Need to Understand IRS PFIC Taxation

Many professionals and scientists working in the US on an H1-B visa need to understand IRS PFIC taxation and the implications of continuing many offshore investments.  What are PFICs and why would high income professionals in the US on an H1-B visa need to understand IRS PFIC taxation rules?  The challenge...

Updates on Offshore Investments and IRS FBAR Reporting Requirements

The world is still unpacking the impact of FATCA and the IRS' intent to track offshore bank accounts, investments and corporations.  The result is continuing pressure on offshore investments and IRS FBAR reporting requirements including PFIC tax calculations and the continuing expansion of 50% penalties on specific institutions identified by...

A New World of Financial Transparency and International Tax

2017 is dawning on a new world of financial transparency and international tax cooperation between global sovereign tax authorities and the world's banks and investment houses.  What does this mean for international investors, US taxpayers with offshore accounts and assets and international business?  In short - a reckoning. The primary...