Category Archives: International Tax Consulting

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...

Real Estate Withholding Requirements for Foreign Investors

A foreigner does not have to have a green card, permanent residence status or a...

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...

Government Accountability Office Report Reveals California Taxpayers Are A High Percentage Of IRS OVDP Participants

In light of the success of the IRS Offshore Voluntary Disclosure Program (OVDP), the U.S....

United States And Hungary Sign Agreement To Implement The Foreign Account Tax Compliance Act (FATCA)

Hungary became the latest country to agree to help the United States enforce the Foreign...

Property Managers, Passive Ownership By Foreign Investors, And How To Avoid Personal Liability As A Withholding Agent

The international tax experts at LSL CPAs often find property managers caught between the mandatory...

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...

With The Institution Of The International Campus Compliance Unit (CCU), The IRS Attempts To Close The International Tax Gap

The international tax consultants at LSL CPAs mark the institution of the International Campus Compliance...

With The 2014 FATCA Deadline Approaching, LSL CPAs Encourages Taxpayers To Voluntarily Disclose Foreign Accounts

As the 2014 FATCA deadline of the 2010 Foreign Account Tax Compliance Act approaches, a...

6 Virtual Communication Guidelines And Warnings For Working With International Clients

The international tax team at LSL CPAs employs virtual communication technologies and services to work...