Matter & Substance

Thoughts from our industry
to help Businesses and Individuals

January 8, 2025

U.S. Tax Considerations Related to U.S. F Visas of Non-Immigrant Students

Understanding U.S. Tax Implications and Filing Obligations Introduction The F Visa is a non-immigrant student visa that allows international students to pursue academic studies and language training programs in the United States. Individuals holding F Visa and F Visa...

December 27, 2024

Current Status of Corporate Transparency Act Beneficial Owner Report

Update 12/27/24: On December 26, 2024, the Fifth Circuit Court of Appeals reversed its own stay on the District Court’s preliminary injunction, which had blocked enforcement of the January 1, 2025 compliance reporting deadline under the Corporate Transparency Act...

December 26, 2024

Corporate Transparency Act Reports Due January 13, 2025 After 5th Circuit Lifts Injunction

Update 12/27/2024:: Mowery & Schoenfeld is following the recent legal developments regarding the Corporate Transparency Act (CTA) and its impact on the FinCEN’s filing of beneficial ownership information. Please see this article for the most up-to-date information. What...

December 17, 2024

Texas Court Halts FinCEN Benefiting Owner Filing Putting Compliance In Limbo

Update 12/26/2024:: Mowery & Schoenfeld is following the recent legal developments regarding the Corporate Transparency Act (CTA) and its impact on the FinCEN’s filing of beneficial ownership information. Please see this article for the most up-to-date information. What Businesses...

December 10, 2024

Are You Required to Report Under FinCEN’s New Ruling?

December 3, 2024

Schedule K-1 Process and Summary of Reporting Requirements

Schedule K-1 is a tax form required to be filed by pass-through entities (partnerships and S corporations) to report each investor’s share of income, deductions, credits, and other tax-relevant items. Since these entities generally don’t pay income taxes at...

Meeting, planning and finance with a team of business people discussing a budget

December 3, 2024

Key Considerations in Choosing the Right Audit Provider for Your Search Fund

As a newly appointed CEO stepping into an operator role post-acquisition, there is already enough on your plate. However, this is a critical phase moving from search fund to operating company where finding the right financial reporting and advisory...

October 15, 2024

Basis Step-Up Pre-Immigration Planning for Foreign Business Owners and Investors Moving to the U.S.

When foreign business owners and investors plan to move to the United States, one crucial aspect of their financial strategy should be pre-immigration tax planning. This planning can significantly impact their tax liabilities and overall financial health once they...

October 4, 2024

Reduction in Estate and Gift Tax Exemption: What You Need to Know After the 2025 Sunset

Significant changes to tax rates and deductions are on the horizon due to the expiration of the provisions in the Tax Cuts and Jobs Act (TCJA). Most of the changes to the tax code introduced by the bill went...

September 5, 2024

U.S. and Russia Suspend Mutual Tax Treaty in an Unusual Change of Policy for Both Countries

Since 1992, the United States and Russia have enjoyed a mutual Income Tax Treaty designed to prevent double taxation and fiscal evasion regarding taxes on income, commonly called the U.S. Russia Tax Treaty. However, two weeks ago (August 16,...

August 7, 2024

Online Sales into the U.S. – Are Businesses Virtually Tax-Free?

Considering the global nature of businesses and the large and diversified U.S. market, foreign businesses have successfully penetrated the U.S. market with their goods and services. A fair amount of these successful foreign businesses sell to U.S. customers through...

July 15, 2024

Leverage Your Playing Field: 5 Key Business and Tax Considerations for Doing Business Internationally

Leverage Your Playing Field A business’ playing field can be as small as a town or as large as the globe. The playing field is the area in which a business serves clients, faces competition, and in which it...

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Matter & Substance

Thoughts from our industry to help Businesses and Individuals

Thoughts from our industry
to help Businesses and Individuals