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VIEWpoint Issue 1 | 2019

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2018-2019 Tax Planning Guide

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IRS Releases New Foreign Tax Credit Form

01.23.19
The Internal Revenue Service (IRS) has released a new Form 1118, “Foreign Tax Credit — Corporations,” and new instructions along with it. However, with the Tax Cuts and Jobs Act (TCJA), it might also impact individuals who own foreign corporati...
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Offshore Voluntary Disclosure Program to End

04.17.18
The Internal Revenue Service (IRS) issued a news release announcing it will close down the 2014 Offshore Voluntary Disclosure Program (OVDP) on Sept. 28, 2018. By alerting taxpayers now, the IRS intends that any U.S. taxpayers with undisclosed fore...
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