Category Archives: International Tax Consulting

3 Reasons Why LSL CPAs Tax Team Recommends FBAR Reporting Of Foreign Financial Accounts

The international tax team at LSL CPAs wants to make it perfectly clear to our...

Following The Bahamas & Barbados, Trinidad And Tobago Now FATCA Compliant

Following in line with the Bahamas (November 3) and Barbados (November 17), Trinidad and Tobago...

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...

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...