Author Archives: Yana Weaver

An Introduction To Common Entity Types For New U.S. Business Ventures

If you are coming to the United States to set up a new business venture,...

Latvia Signs FATCA Accord With The United States, Joining Several Other Eastern European Countries

Joining several other European countries, Latvia has embraced the FATCA Accord. In a significant step...

IRS Changes Offshore Voluntary Disclosure Program To Distinguish Between Non-Willful Taxpayers And Willful Non-Compliance

The IRS announced changes to the OVDP process that clearly distinguished between non-willful taxpayers and taxpayers in...

Did You Know IRS Individual Taxpayer Identification Numbers Expire After Five Years?

Did you know Individual Taxpayer Identification Numbers can now expire? The tax team at LSL...

As FATCA Takes Hold, IRS Increases Offshore Amnesty Penalty From 27.5% To 50% And Expands OVDP Information Requirements

In an effort to keep the OVDP process in light with FATCA developments, the IRS...

IRS Updates FATCA Website With Foreign Financial Institution List, Search Download Tool And Revised FAQs

The IRS updates the FATCA website. With the new Foreign Financial Institution List and Search...

LSL CPAs Update About New FBAR Electronic Filing Requirement And The Approaching June 30 Deadline

Do you know about the new FBAR electronic filing requirement and the rapidly approaching June...

Hyatt Hotels Corporation Partners With Fideicomiso To Open Hyatt Hotel Santa Fe In Mexico City

After negotiating a franchise agreement between a Hyatt affiliate and Fideicomiso de Actividad Empresaria, Hyatt...

3 Tax Tips For U.S. Taxpayers With Foreign Income

During the filing season, the IRS offered online tax tips for U.S. taxpayers who received...

National Taxpayer Advocate Declares IRS Offshore Penalties Too Extreme And An Unfair Burden On “Those Who Make Honest Mistakes”

Although the international tax team at LSL CPAs recognizes the positive inroads made by the...

A Rise In Foreign Real Estate Investment In California Leads To Potential IRS Tax Problems For Foreign Buyers

If you are from a foreign country and you have made an investment in California...

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...

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...

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...

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...