Stay up to date on the latest global business issues
International business is fraught with opportunity but not without risk of the unknown. Operating and doing business overseas prompts new geography, culture, laws, regulations, and tax regimes. All of these are familiar to our team, and our role is to navigate through the risk of unfamiliarity while providing a successful start in your new markets. In this weekly blog series, Jason Rauhe explores hot topics in global business, international tax and compliance to help our partners confidently approach international business operations.
October 2022 Blogs
-
blogGlobal Business ServicesOctober 14, 2022Reminder: FBAR Extended Filing Deadline Is Oct. 17
by Jason RauheIn a news release, the IRS reminded individuals and entities who missed the April 15 deadline for filing a Report...
-
blogGlobal Business ServicesOctober 7, 2022
FinCEN issues final rule on beneficial ownership information reporting requirements
by Jason RauheRecently, Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final rule requiring certain entities to file reports with FinCEN...
September 2022 Blogs
-
blogGlobal Business ServicesSeptember 30, 2022
U.S./Hungary Treaty Termination
by Jason RauheThe U.S. Department of the Treasury recently announced that the United States notified Hungary of its termination of the Convention...
-
blogGlobal Business ServicesSeptember 23, 2022
Form 8832: PLR Granting Extension and Late Election Relief
by Jason RauheIn a Private Letter Ruling (PLR), the IRS granted a foreign eligible entity a 120-day extension to file Form 8832,...
-
blogGlobal Business ServicesSeptember 9, 2022
IRS Notice 2022-36
by Jason RauheIn response to logistical hardships imposed by the COVID-19 pandemic, the IRS released Notice 2022-36 in its Internal Revenue Bulletin...
-
blogGlobal Business ServicesSeptember 2, 2022
The New IRS Army: Transfer Pricing Implications
by Jason RauheThe Inflation Reduction Act will give the IRS billions to go into enforcement, operations, systems modernization, and customer service. The...
August 2022 Blogs
-
blogGlobal Business ServicesNovember 30, 2022
International Tax Compliance: How far back?
by Jason RauheWhen helping clients get current with filing delinquent returns of prior years, we are always asked the question “How far...
-
blogGlobal Business ServicesAugust 26, 2022
Common Mistakes in International Tax Preparation
by Jason RauhePreparing international compliance forms which end up part of a U.S. federal tax return involves avoiding a multitude of potential...
-
blogGlobal Business ServicesAugust 5, 2022
Surprise: The Inflation Reduction Act of 2022
by Jason RauheIn a surprising development, Senate Majority Leader Chuck Schumer, Senator Joe Manchin and President Joe Biden on 27 July announced...
July 2022 Blogs
-
blogGlobal Business ServicesJuly 29, 2022
Global Tax Deal’s New Time Frame “Realistic”
by Jason RauheThis blog discusses the revised time estimates for enacting a revamp of international tax rules.
-
blogGlobal Business ServicesJuly 22, 2022
Prospects for Senate deal on ‘Build Back Better’ upended
by Jason RauheThis blog discusses the latest issues in the Senate with reaching consensus on an iteration of “Build Back Better” legislation.
-
blogGlobal Business ServicesJuly 15, 2022
Supreme Court to Review Non-Willful FBAR Penalty Case
by Jason RauheOn June 21, 2022, The U.S. Supreme Court agreed to resolve a dispute concerning the maximum applicable penalty for non-willful...
-
blogGlobal Business ServicesJuly 8, 2022
OECD Annual Tax Conference Takeaways
by Jason RauheThe Organisation for Economic Co-operation and Development (OECD) held its annual tax conference in Washington, DC at the end of...
June 2022 Blogs
-
blogGlobal Business ServicesJune 24, 2022
The Basic Tax Benefits of an IC-DISC
by Jason RauheA product of the IRS Tax Code, an IC-DISC is a tax-exempt corporation deemed to function as a sales agent...
-
blogGlobal Business ServicesJune 17, 2022
Country-by-Country (CbC) Report in the Transfer Pricing Risk Analysis
by Jason RauheThe Internal Revenue Service Large Business and International Division has recently published a Practice Unit related to country-by-country (CbC) reporting...
-
blogGlobal Business ServicesJune 10, 2022
Reporting Your Foreign Financial Assets
by Mark O'DellMore taxpayers and their CPAs are beginning to realize that there are serious requirements to divulge the existence and status...
-
blogGlobal Business ServicesJune 3, 2022
Update on Global Minimum Tax Delays
by Jason RauheThe U.S. Department of the Treasury and the Internal Review Service published final regulations addressing several issues central to foreign...
May 2022 Blogs
-
blogGlobal Business ServicesMay 27, 2022
IRS Final Regulations on Foreign Tax Credits
by Jason RauheThe U.S. Department of the Treasury and the Internal Review Service published final regulations addressing several issues central to foreign...
-
blogGlobal Business ServicesMay 20, 2022
Form 1042/1042-S Compliance: IRS Focus Area
by Jason RauheThe Large Business and International (“LB&I”) division of the IRS has several active campaigns to address taxpayer noncompliance related to...
-
blogGlobal Business ServicesMay 13, 2022
War in Ukraine: Impact of EU Sanctions on Russia
by Jason RauheDominating the current news cycle is the war in Ukraine and the sanctions various countries have adopted against Russia. Specifically,...
-
blogGlobal Business ServicesMay 6, 2022
Tax Treaty Analysis
by Jason RauheIncome tax treaties are difficult documents to understand, and the details are not the same from one treaty to the...
April 2022 Blogs
-
blogGlobal Business ServicesApril 22, 2022
Global Minimum Tax Delays
by Jason RauheThe proposed global minimum tax agreement hit a snag in Europe this month when EU finance ministers failed to reach...
-
blogGlobal Business ServicesApril 15, 2022
Global Expansion: Tax and Business Considerations
by Jason RauheThe globalized economy and recent trend of telecommuting bring the typical U.S. based business access to a significant pool of...
-
blogGlobal Business ServicesApril 8, 2022
Highlighting our Global Business Services Team
by Jason RauheOur team is proud to partner with clients in providing specialty expertise across global business services. At McGuire Sponsel, our...
-
blogGlobal Business ServicesApril 1, 2022
White House Reintroduces International Tax Reform
by Jason RauheThe White House released a fiscal year 2023 budget blueprint on March 28, 2022, that is consistent with President Joe...
March 2022 Blogs
-
blogGlobal Business ServicesMarch 25, 2022
Global Tax Impact of Russian Invasion of Ukraine
by Jason RauheRussia’s recent invasion of Ukraine set off a global reaction of sanctions, boycotts, and financial limitations. These reactions are intended...
-
blogGlobal Business ServicesMarch 18, 2022
Your client’s investment is actually a PFIC
by Jason RauhePassive Foreign Investment Company (PFIC) is a notorious designation arising from the Internal Revenue Code that can seriously complicate a...
-
blogGlobal Business ServicesMarch 11, 2022
OECD Releases Latest Edition of Transfer Pricing Guidelines
by Jason RauheOn January 20, 2022, the Organization for Economic Co-operation and Development (“OECD”) released the 2022 edition of the OECD Transfer Pricing...
-
blogGlobal Business ServicesMarch 4, 2022
Form 5471 and Extended Statute for Entire Return
by Jason RauheOn June 3 and 4, 2021, the IRS released final versions of new Schedules K-2 and K-3 that are being...
Jason Rauhe, CPA is a Principal in the firm’s Global Business Services practice and is responsible for assisting clients and adding depth in all areas of the firm’s international tax consulting services including transfer pricing, and the firm’s compliance expertise.
Rauhe previously served as Director of International Tax at a Top 100 CPA Firm, where he was responsible for the firm’s international tax division and major industry alliance networks.