Currency transactions and issues Domestic international sales corporations Expatriate taxation FATCA Foreign tax credit Foreign-source income Global intangible low-taxed income (GILTI) Information exchange International taxation Nonresident taxation OECD Pillar 1 (profit reallocation & digital tax repeal) OECD ...
“Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” IRS Commissioner Chuck Rettig said in a statement. “The IRS is expanding our efforts involving virtual currency, including increa...
weeks or even a year. Under those circumstances, taxpayers would wait to recognize income at the point that they can access, sell, transfer or exchange the new currency. Consequently, if the value
For active traders who traded in multiple currencies, totaling the cash balances and account value calculations must be a tough and tedious chore, TradeMax’sMultiple currency Accounting featuresolves this dilemma based on the latest downloaded exchange rate, so that users can track the trade performa...