Washington National Tax
Informed Solutions to Complex Challenges
Understanding the impact of existing tax laws is hard enough. The constant stream of new legislation, rulings and interpretations compounds the challenge. We work to rapidly address your complex issues through a wide range of domestic and international planning and advisory services. Constantly in contact with tax officials and legislators, we offer early insights to help you understand and plan for the ramifications of emerging legislation and rulings before they affect your business.
Clarity instead of confusion. Confidence instead of concern. A single resource with the knowledge and access to deliver answers that you can count on. That's the power of being understood SM.
U.S. persons must file the FBAR to disclose any foreign account with a balance in excess of $10,000 in which they have a financial interest. The penalty for failure to file an FBAR can have both civil and criminal repercussions and generally depend on whether the failure to file is non-willful or willful.
Regulations submitted but not published in the Federal Register are to be withdrawn; published but not yet effective regulations are delayed.
Expect tax reform to be a central focus of the new Congress and new administration in early 2017. Here is a look at what could be coming.
Staff members from the House Ways and Means Committee recently spoke about international tax reform at an event sponsored by the Tax Section of the DC Bar Association. Discussion focused on the House Republicans’ tax policy blueprint, “A Better Way for Tax Reform."
Attend this webcast to learn about tax considerations designed to help companies make informed decisions related to year-end tax planning.
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