Foreign Corporations Archives - FREE Yourself from IRS Problems

Shamsey Oloko December 9, 2016 Foreign Corporations, Foreign Tax Credit, Tax Legislation, Tax News 0

France Promises 1 Billion Euro Tax Cut In 2017

In September 2015, French President Francois Hollande promised households a 1 billion-euro ($1.1 billion) tax cut next year. Why such benevolence? Hollande’s government was attempting to make up for the glut of gross domestic product (GDP) that was taken by…

Shamsey Oloko October 24, 2016 Corporate Tax, Foreign Corporations, Tax Attorneys 0

Apple Owes Ireland $15 Billion In Taxes. Ireland Doesn’t Want The Money

In late August, the European Commission ruled that Ireland must collect $14.5 billion in back taxes from Apple. The antitrust regulator for the European Union claimed that Ireland had given Apple an extremely favorable tax arrangement for over ten years…

Shamsey Oloko September 15, 2016 Foreign Corporations, Foreign Financial Account 0

About Form 5471

Some U.S. taxpayers may be required by I.R.C. § 6038 to file Form 5471 (Information Return of U.S. Persons With Respect to Certain Foreign Corporations) with their tax returns. To adhere to the reporting requirements of § 6038, as well…