Federal law requires U.S. citizens and resident aliens to report world-wide income, including income from foreign trusts, bank and securities accounts. In addition to attaching Schedule B to their tax returns disclosing...more
The Stunning Altera Case -
Employee stock options are an important part of compensation—both as income to the executives and as a deduction for the employer. But when stock options are used by multinational companies,...more
8/8/2015
/ Administrative Procedure Act ,
Chevron Deference ,
Corporate Taxes ,
Cost-Sharing ,
Foreign Subsidiaries ,
IRS ,
Parent Corporation ,
Section 482 ,
Stock Options ,
Stock-Based Compensation ,
Tax Court ,
Tax Deductions ,
Treasury
In 2010, the U.S. enacted a sweeping change in enforcement of its tax laws on foreign financial interests, the Foreign Account Tax Compliance Act (FATCA). The main thrust of the act is to penalize foreign financial...more