Net Operating Loss (NOL) carrybacks and carryforwards allow businesses to use losses from one year to...
Treasury Regulations provide detailed guidance from the U.S. Treasury on how to apply federal tax laws,...
Tax treaties are agreements between countries designed to prevent the same income from being taxed twice,...
Innocent Spouse Relief helps taxpayers avoid responsibility for tax debts from a spouse's mistakes on...
Tangible Property Regulations are IRS rules guiding businesses on how to deduct expenses related to physical...
A Passive Foreign Investment Company (PFIC) is a foreign corporation mainly earning passive income or...
Mitigation of statutes of limitation refers to events or actions that pause or extend the IRS’s legal...
An international taxpayer owes taxes to more than one country or earns income abroad. Knowing how to...
Imputed income represents the taxable value of employer-provided perks or benefits you receive that aren’t...
Global Intangible Low-Taxed Income (GILTI) is a U.S. tax provision targeting low-taxed foreign income...