How to Change Accountants

Changing accountants could very possibly be the best thing you do all year. It’s something that happens for several reasons, ranging from having an accountant retire to going through a change in your business that requires something more or different than what the present accounting firm offers. Assuming the decision Read more…

1041, taxes,

New Form 5472 Filing Requirements: Reporting obligations of foreign-owned U.S. disregarded entities

Effective December 13, 2016, the United States Treasury issued the final regulations that treat a domestic disregarded entity wholly owned by a foreign person as a reporting entity separate from its owner for the purpose of record maintenance and associated compliance requirements that apply to 25% foreign-owned domestic corporations under Read more…