BUSINESS ENTITIES
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FDII

The new law provides a domestic C-corporation with a deduction for its foreign-derived intangible income (“FDII”). See more details...

FOREIGN TAX CREDIT

The foreign tax credit intends to reduce the double tax burden that would otherwise arise when foreign source income is taxed by both the United States and the foreign country from which the income is derived. See more details...

U.S. CORPORATION WITH FOREIGN SHAREHOLDERS

(including an LLC filing as a corporation)

 

A corporation with foreign shareholders could be responsible for complying with Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) and NRA Withholding.

In addition to the filing of Form 1020, U.S. Corporation Income Tax Return, a corporation with foreign shareholders could be responsible for complying with other filing requirements.  See more details...

U.S. PARTNERSHIP WITH FOREIGN PARTNERS

(including an LLC filing as a partnership)

 

In addition to the filing of Form 1065, U.S. Return of Partnership Income, a partnership with foreign partners could be responsible for complying with other filing requirements such as Foreign Investment in Real Property Tax Act of 1980 (FIRPTA), Partnership Withholding, and NRA Withholding. See more details...