Year-end tax planning for calendar year 2020

Now, as year-end approaches, is a good time to think about planning moves that may help lower your tax bill for this year and possibly next. Year-end planning for 2020 takes place against the backdrop of a difficult year with the challenges of the pandemic. New tax rules have been enacted to help mitigate the financial impact of the pandemic, some of which should be considered as part of this…

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2018 Year-end tax planning

By Kyle Lodder, CPA As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of a new tax law—the Tax Cuts and Jobs Act—that make major changes in the tax rules for individuals and businesses. For individuals, there are new,…

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Next major international tax provision coming into effect soon (Hint: “GILTI”)

By Kyle Lodder, CPA In December 2017, Congress passed into law sweeping tax reform with the Tax Cuts and Jobs Act. There are a few provisions that impact international taxation quite significantly. One major change went into effect immediately during the 2017 tax year – the Section 965 repatriation tax. We’ve previously written on this topic. You can read more about this law here. It’s a one-time transition tax that…

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Details of major U.S. tax reform bill, including international tax details

by Kyle Lodder, CPA The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals and businesses, along with specific international provisions. Individuals Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025. Tax rates.The new law imposes a new tax rate…

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U.S. Estate Planning for Non-U.S. Persons

by Kyle Lodder Estate planning is often a forgotten element when non-U.S. persons plan their investment into U.S. real estate or business expansion into the U.S. As a result, many non-U.S. persons are unknowingly exposed to U.S. estate tax or other related land mines in connection with their U.S. investments due to incomplete planning focused on the corporate and/or personal income tax consequences. However, estate planning is an important piece…

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