Andrew Coleman
Articles
Tax Forms 8805 & 8804: Foreign Partner's Information Statement of Section 1446 Withholding Tax
When a U.S. partnership involves foreign partners, it's crucial to understand the tax implications and reporting requirements. Forms 8805 and 8804 play a pivotal role in ensuring that foreign partners meet their U.S. tax obligations. Let's delve into the specifics of these forms and th...
Form 1118: A comprehensive guide for corporations seeking foreign tax credits
One of the essential tax forms that corporations with foreign operations should be familiar with is Form 1118. This form allows U.S. corporations to claim foreign tax credits, ensuring they aren't taxed twice on the same income. ...
A comprehensive guide to IRS Form 56 for expats
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...
Form 3520-A: A guide for the perplexed and the procrastinators
Among all the US tax forms, where complexity meets bureaucracy, Form 3520-A stands out not just for its ability to induce headaches in even the most seasoned tax pros but also for its critical importance in the world of international taxation. This form, officially titled "Annual Information Return of Foreign Trust With a U.S. O...
Understanding the Section 965, Transition Tax [all in one guide]
Section 965, commonly referred to as the Transition Tax, was enacted to tax the accumulated and previously untaxed earnings of certain foreign corporations owned by US shareholders. It serves as a transition from a worldwide tax system to a territorial system. Key components of Section 965 The Section 965 T...
Guide to Form 1098-T, Tuition Statement (what you need to know)
Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...