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.
The Sixth Circuit Court of Appeals recently overruled the Tax Court and ruled against the IRS to allow a taxpayer to own a Domestic International Sales Corporation (DISC) through a Roth IRA. At its core, the Circuit Court’s opinion addressed the IRS’s application of the substance-over-form doctrine.
The Republican’s American Health Care Act curtails Medicaid and ends certain mandates, but leaves parts of the Affordable Care Act intact.
Step-by-step guidance for victims of tax identity theft and a general overview of identity theft warning signs.
While the process is notoriously fluid and unpredictable, it appears it will likely be late 2017 before we have final tax reform legislation.
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.
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