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Monthly Archives: July 2019

IRS To Focus on US Individuals' Foreign Income With New Campaigns

According to Law360, The IRS has announced six new compliance campaigns focused on issues affecting U.S. nationals' overseas income, capital gains taxes for some pass-through businesses and certain forms of deferred compensation for services. A statement from the Internal Revenue Service's Large Business and International division didn't include a launch date for the campaigns, but their…
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Senate OKs Tax Treaties With Spain, Japan, Switzerland & Luxembourg

According to Law360, The U.S. Senate on July 17, 2019 approved three bilateral tax treaties with Switzerland, Luxembourg and Japan, one day after approving a treaty with Spain. The Senate overwhelmingly approved the treaty protocols, which are, in part, designed to help prevent companies from being subject to double taxation. The Swiss treaty passed by a 95-2…
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