On July 4th, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”). This alert expands upon our Firm’s prior alert and is intended to summarize the main tax law changes that may impact: (i) U.S....more
7/14/2025
/ Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Corporations ,
Foreign Tax Credits ,
GILTI tax ,
International Tax Issues ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Reform
As we have previously written about, reporting under the Corporate Transparency Act (“CTA”) will go into effect January 1, 2024. Before we get to the first CTA reporting, we note the deadline for another important non-tax...more
On January 17, 2023, the Financial Crimes Enforcement Network (FinCEN) published a notice seeking public comment on the application that will be used by individuals to obtain a unique FinCEN Identifier (a “FinCEN ID”),...more