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U.S. Taxpayers: Offshore Voluntary Disclosure Program (OVDP) Closes...
The IRS has announced the Offshore Voluntary Disclosure Program (OVDP) will be closing on September 28, 2018. OVDP – What is it and why is it ending? The Offshore Voluntary Disclosure Program (OVDP) is for taxpayers who come fo...
Compliance for us taxpayers residing outside the united states
The purpose of this primer is to briefly outline key considerations for participation in the US Internal Revenue Service (‘’IRS’’) Streamlined Foreign Offshore Procedures, a compliance program available to U.S. taxpayers residi...
Creditability of swiss forfait tax for us foreign tax credit purposes
The Swiss Forfait Tax Under the US Foreign Tax Credit Rules I. INTRODUCTION As a US tax accounting firm in Switzerland, we are often asked whether tax paid to Switzerland under a “forfait” or “pauschal” ruling (“forfait tax”) i...