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Potential Tariff Refunds – Action May Be Required by December 15 On Friday, November 28, 2025, Costco filed a lawsuit…

Bill McDevittDecember 3, 2025

During oral arguments on Wednesday, both conservative and liberal justices of the US Supreme Court expressed skepticism regarding President Trump’s…

Bill McDevittNovember 6, 2025

Filing Rules Ease for Partnerships and S Corporations The IRS has rolled out changes that will make tax season a…

WilkinGuttenplanSeptember 8, 2025

On July 4, 2025, the President signed into law the “One, Big, Beautiful Bill,” a comprehensive tax reform that introduced…

The Treasury Department has announced a deal with G-7 allies that excludes U.S. companies from some taxes imposed by other…

Buried in the House version of the “One, Big, Beautiful Bill” there is a new Internal Revenue Code (IRC) Section…

As the legislative process is in the early stages of development and changes are sure to follow, below we outline…

Every five years, the U.S. Bureau of Economic Analysis (BEA) requires all U.S. business entities with foreign affiliates to complete…

U.S. citizens are taxed on worldwide income, meaning they must report and pay taxes on all income earned, regardless of…

Deepika IyerFebruary 13, 2025

What are Forms 3520 and 3520-A? Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain…