Author Archives: Yana Weaver

IRS Update: Contractual Joint Venture Can Result in Creation of A Separate Business Entity for US Tax Purposes

In IRS PLR 201305006 (issued February 1, 2013), the IRS National Office ruled that a...

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...

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...

IRS Revenue Ruling 2013-14 States A Fideicomiso Is Not A Trust For United States Tax Purposes

In IRS Revenue Ruling 2013-14, the Internal Revenue Service clearly stated that a Fideicomiso isn’t a...

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...

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

In an effort to catch tax evaders employing international tax shelters, the United States announced...

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...

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 in terms of income payments not subject...

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

The IRS on account of US federal budget shortfalls is zeroing in individuals with offshore...

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...