United States

The Tax Exchange - December 2016

FATCA year-end reminders for investment funds

FATCA year-end reminders for investment funds

The end of the year brings holidays, reunions with friends and family and, of course, deadlines associated with the twin global reporting regimes of Foreign Account Tax Compliance Act (FATCA) and common reporting standards (CRS).

  • December 27, 2016
Multiple residences, one domicile: where is income reported?

Multiple residences, one domicile: where is income reported?

It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”

  • December 16, 2016
Unrelated business taxable income on refinanced property

Unrelated business taxable income on refinanced property

Tax-exempt investors deploy a considerable amount of capital to real estate funds as a way to diversify their portfolios. In many cases, income from real estate investments is not altogether free from tax for these investors, despite their tax-exempt status.

  • December 13, 2016
Complexities abound for international assignees' foreign pensions

Complexities abound for international assignees' foreign pensions

Employees working on international assignment raise significant tax planning complexities for both the globally mobile employees and their employers. One especially complex topic is the treatment of employees’ foreign pension plans.

  • December 09, 2016
Tax reform potential provides international tax planning opportunity

Tax reform potential provides international tax planning opportunity

Tax reform is expected to be a top legislative priority when the Trump administration takes the reigns in January. Repatriation of foreign earnings, whether as a part of comprehensive business tax reform or as a stand-alone issue, seems nearly inevitable.

  • December 06, 2016