One might say that the ultimate break from the U.S. tax system is expatriation, i.e., renunciation of U.S. citizenship (or renunciation of permanent residency). Renunciation is a serious action that should only be taken after careful consideration of its many ramifications.Read More
This article discusses information reporting requirements that relate to foreign corporations. More specifically, a particular type of foreign corporation called a Controlled Foreign Corporation (CFC).Read More