Author Archives: LSL Staff

The Challenge Of State Taxation Agencies For Foreign Entities Doing Business In The United States

Foreign entities expanding their business interests into the United States are often caught off guard...

Even Past The Treasury Department Filing Deadline, LSL CPAs Can Help With Annual Reporting Of Foreign Bank And Financial Accounts – FBAR

Despite the passing of the June 30th filing deadline, the international tax experts at LSL...

CAR Survey Reveals A Rise In Foreign Real Estate Investment In California, Resulting In Potential IRS Tax Issues And Problems

As foreign buyers make up a quarter of the people buying and selling real estate...

If Only 25% Of A Company Is Under Foreign Ownership, IRS Form 5472 Must Be Filed With Full Disclosure

CPAs without international tax experience too often overlook IRS Form 5472, leading directly to problems...

What is Captive Insurance? Information for Physicians

What is Captive insurance? When you purchase your insurance for your medical practice from an...

Impact of Healthcare Reform on Hospitals, Physician and Physician Groups

On June 4, 2013, I attended the program presented by the Center for Health Care...

IRS Form 3520 Annual Reporting Of Transactions With Foreign Trusts and Certain Foreign Gifts – Who Is NOT Required To File IRS Form 3520 (Part 2)

The international tax experts at LSL CPAs provide an update on IRS Form 3520 and...

IRS Form 3520 Annual Reporting Of Transactions With Foreign Trusts And Certain Foreign Gifts – Who Is Required To File IRS Form 3520 (Part 1)

The international tax experts at LSL CPAs provide an update on IRS Form 3520 and...

The Challenge Of Filling Out IRS Form 1042-S (Part 4)

The international tax experts at LSL CPAs understand that filling out Form 1042-S can be...

It May Be Your Gift But The IRS Wants To Know About It!

I’m frequently asked about the income tax consequences of someone who receives a gift. The...

In An Effort To Catch Tax Evaders Using International Tax Shelters, IRS Sharing Information With The United Kingdom And Australia

To catch tax evaders employing international tax shelters, the United States announced a collaborative effort...

Concierge Medical Practices: What You Need to Know

WHAT IS A CONCIERGE PRACTICE? A concierge practice (also known as direct care) is a...

The Challenge Of Filling Out IRS Form 1042-S (Part 4)

Part 4 of the 5-Part Series on 10 basic errors made when filling out IRS...

Mexico’s House of Representatives Reforms The Fideicomiso Law And Votes To Allow Foreigners To Own Beach Property

On April 23rd, 2013, Mexico’s House of Representatives changed the fideicomiso law and voted to...

Top Three QuickBooks User Mistakes

What does good look like?  Business owners must ask this question when using QuickBooks for...