IRS is back in business!

IRS is back in business, well, technically they were never out of business but this COVID crisis definitely slowed them down and created a backlog of correspondence, it delayed tax season by 3 months, and it will definitely take more than 3 months for IRS to catch up....

FIRPTA – Does it apply to me?

September 16, 2019 I received an email this morning asking “Hi Marc, I am selling my home , I am not a US citizen, does FIRPTA still apply to me since I lived in my Houston, Texas property as a primary residence for three years before I left the United States...

Help! I Got a Letter from the IRS

If you received a letter from the IRS this year, or are worrying about receiving it’s best to remain calm and refrain from jumping to conclusions. The good news is, the chance of you being audited by the IRS is not very high, especially since audit rates have been...

International Tax Issues

Here in the US, we speak endlessly about the tax issues that we have in our own country, but what about international issues that also affect us? Today, there are a lot of business that have expanded globally, where additional tax rules must be complied with. Here are...
The OCS Tax Trap: Beware and Prepare!

The OCS Tax Trap: Beware and Prepare!

If you are a U.S. or foreign company engaged in activities related to the exploration for, or exploitation of, natural resources on the OCS, be aware that you may unwittingly be subjecting your business to taxation in the U.S. The IRS has identified the following...

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