Our EO tax specialists will analyze financial and related data to determine activities that should be disclosed and whether additional filings are required such as:

  • Form 114 – Foreign Bank and Financial Accounts Report (formerly the TD F 90.22-1)
  • Form 926 – Return by a U.S. Transferor of Property to a Foreign Corporation
  • Form 3530 – Annual Return to Report Transactions with Foreign Trust and Receipt of Certain Foreign Gifts
  • Form 5471 – Information Return of U.S. Persons with Respect to Certain Foreign Corporations
  • Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
  • Form 8865 – Return of US Person with Respect to Certain Foreign Partnerships
  • Form 5713 – International Boycott Report Form 1042 – Annual Withholding Tax Return for U.S. Source Income of Foreign Persons
  • Form 1042S – Foreign Person’s U.S. Source Income Subject to Withholding
  • W-8BEN –Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individual)

 

Sample International Tax Resources:

Reporting Foreign Transactions

When to Obtain Form W-8BEN from a Foreign Person

INSIGHTS & RESOURCES

Tax-Exempt Organizations and 2017 Tax Reform

Posted on , updated on

Uncategorized11/23/2017

Dear Friends in the Tax-Exempt Community:
Below is a brief overview of the key tax reform proposals relating to tax-exempt organizations. As you know, Congress is currently putting together legislation to effect significant tax reform with a timeline of having it enacted this year. Although Congress is still negotiating, the following reform proposals may impact your […]

Royalty Income of Nonprofits is Being Targeted for Taxation!

Posted on , updated on

Uncategorized11/20/2017

The Senate Finance Committee’s version of the Tax Cuts and Jobs Act includes a number of items that would impact nonprofits.
Perhaps the most immediately significant is the provision that would call for taxing the revenue generated from royalties related to licensing a nonprofit’s name and/or logo. Royalty revenue has traditionally been exempt from income taxes. […]

How Could Federal Tax Reform Impact Nonprofits?

Posted on , updated on

Exempt Organization Tax11/17/2017

Uncategorized11/17/2017

By:  Doug Boedeker, CPA, Partner
It has been a challenge staying current on the twists and turns involved with the proposals for Federal Tax Reform. Many of the ideas within the tax reform package have a direct impact on nonprofit organizations.
Charitable deductions, executive compensation, employee fringe benefits, and intermediate sanctions are just some of the “hot […]

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