Author Archives: LSL Staff

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...

Are You Aware Of Form 1042-S Reporting Exclusions And Income Payments That Are Not Subject To NRA Withholdings?

Are you aware of the 1042-S reporting exclusions regarding income payments not subject to NRA...

Top 5 Reasons Internal Controls Are Important For Manufacturers

Top 5 reasons internal controls are important for manufacturers...

The Offshore Voluntary Disclosure Initiative (OVDI) And Making Sure Your International Accounts Are In Compliance With The IRS

On account of US federal budget shortfalls, the IRS is zeroing in on individuals with...

The Challenge Of Filling Out Form 1042-S Part 3

Filling out Form 1042-S can be intimidating. In fact, the process is so challenging that...

The Challenge Of Filling Out Form 1042-S Part 2

Filling out Form 1042-S is so challenging that the IRS has an entire page on...

Estate Planning for Real Estate Investors

We as advisors are frequently asked “what entity is best to own investment real estate?”  ...