Posts by brunorolaw:
FATCA Reporting and Filing Requirements
In 2010, the United States created a federal law to combat foreign asset tax evasion called the Foreign Account Tax Compliance Act (FATCA). FATCA reporting applies to U.S. taxpayers and depends on a monetary threshold of foreign financial assets. Here’s everything you need to know about FATCA Reporting and From 8938.
- Posted on: Aug 30 2019
Do Green Card Holders Pay Taxes?
A Green Card doesn’t excuse the payment of taxes or compliance with tax reporting laws. Income tax compliance and disclosure laws apply to all permanent U.S. residents, including those with a Green Card. In fact, there may be fewer benefits available for Green Card residents, higher reporting requirements, and a more difficult entry and re-entry process.
- Posted on: Jul 22 2019
Paula Brunoro Discusses Tax Challenges & Techniques For Controlled Foreign Corporations
Paula Brunoro-Borokhov, Principal Attorney at Brunoro Law, APC., discusses legal and tax challenges associated with foreign controlled corporations (CFCs). SAN DIEGO, CALIFORNIA, UNITED STATES, June 18, 2019 /EINPresswire.com/ — Leading …
- Posted on: Jun 28 2019
What is the Average Jail Time for Tax Evasion?
The average jail time for tax evasion ranges from 3 to 5 years. It varies on a case-by-case basis, but jail time for tax evasion occurs more often than one …
- Posted on: Jun 17 2019
New Requirements for IRS Form 5472
Form 5472 is required for corporations that are involved with reportable transactions with a foreign party…
- Posted on: Mar 15 2019
How to Navigate Form 5741
With globalization of markets, many US companies are starting to operate overseas through subsidiaries…
- Posted on: Mar 1 2019
Filing your California State Tax Form
It is in your best interest to file your California state tax forms correctly, and obtain your tax return. Let’s take…
- Posted on: Feb 15 2019
5 Tips For An Easier Tax Season
The 2019 tax season is January 1st through April 15th and involves the preparation of the documents and…
- Posted on: Feb 1 2019
S Corp VS. LLC
If you are starting a new business or if you are a sole proprietor and you are considering taking the next step…
- Posted on: Jan 15 2019
CLA Names Paula Brunoro Vice-Chair
Paula Brunoro-Borokhov, who recently served as Chair of Young Tax Lawyers Section of San Diego CLA chapter…
- Posted on: Jan 1 2019