• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Rubin Law US and Cross-Border Tax Assistance

US and Cross-Border Tax Assistance

  • Home
  • About Us
  • Our Services
    • Intellectual Property
    • Investing or Funding
    • Planning for Services
    • Importing or Exporting
    • Income and Distributions
    • Immigrating or Emigrating
    • FATCA Tax Reporting
    • Entity Formation
    • US Tax Returns
  • Our Clients
    • Business
    • Individuals
    • CPA Firms & Tax Advisors
    • Law Firms & Legal Advisors
    • Financial Advisors
    • Realtors
  • Specific Scenarios
    • Scenarios for Individuals
    • Scenarios for Business/Entities
  • Tax Blog
  • Immigrant’s Tax Guide
  • Non-US Trusts
  • Contact Us

IRS Audit?

May 20, 2014 By Richard Rubin

Non-US entities require highly specific US tax treatment in many situations, including cases where they conduct business in the US; own US entities; are owned by US taxpayers; are funded by US taxpayers; make distributions to US taxpayers; or are managed by US taxpayers.

Care needs to be taken to avoid US taxpayers from being taxed on the income earned by some foreign entities, for example, certain Controlled Foreign Corporations (CFCs) or Foreign non-Grantor Trusts.

Care also needs to be taken to avoid US taxpayers from penalties or other harsh tax treatment often accorded to investments in Passive Foreign Investment Companies (PFICs) such as certain foreign hedge fund investments.

We can advise you on US tax planning and US tax reporting relating to non-US entities.

Filed Under: Featured, Specific Scenarios

Primary Sidebar

Tax Blog Categories

  • FATCA
  • Featured
  • Specific Scenarios

Recent Posts

  • FATCA Tax Reporting for US Residents with Foreign Bank Accounts
  • Moving to the US?
  • Investing into the US
  • About Rubin Law
  • Exporting to the US?

Recent Comments

    Archives

    • October 2019
    • September 2019
    • June 2014
    • May 2014

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    We take care of your US international tax questions and returns.

    Copyright © 2021 Rubin Law ยท Log in

    • LinkedIn
    • Twitter

    Disclaimer

    The materials on the Rubin Law website are for informational purposes only and are not legal advice.

    Use of this website does not create an attorney-client relationship between you and Rubin Law. This website is not an offer to represent you, and you should not act, or refrain from acting, based upon any information contained herein. You should consult an attorney for individual advice regarding your own situation.

    IRS regulations require us to advise you that any tax advice contained herein is not intended or written to be used and cannot be used for the purpose of avoiding federal tax penalties.