Posts tagged as:

American-Jobs-Creation-Act-of-2004

Gulf Spill Yields Tax Talk About Multinationals

5 July 2010

In the middle of all the “tax loopholes closing” that’s been going on in Congress, a big, fat one may have remained open. Sen. Max Baucus (D-MT), who chairs the powerful Senate Finance Committee, has opened an investigation into whether Transocean, Ltd., has been exploiting tax law loopholes by moving their headquarters overseas (spoiler alert, [...]

2 comments Read the full article →

Expats Beware!

6 September 2006

In more news about international taxpayers, the IRS has apparently decided to make US residency issues a priority in 2006.  To that end, they have been sending out notices to expatriates who have not complied with the requirements to file federal form 8854, Initial and Annual Expatriation Information Statement.  The form is intended for US [...]

0 comments Read the full article →

When life gives you lemons…

21 December 2005

Don’t assume that you can just make lemonade. The IRS announced today (well, today is technically Dec. 20, 2005 and the PR is dated Dec. 22, 2005, so think what you will) that they will not recognize certain deductions related to the sale/auction of used vehicles. Here’s the PR in its entirety: IRS Warns of [...]

0 comments Read the full article →