When global travel stalled and stay-at-home orders went into effect, many US expats rushed back to the USA. Other people ended up quarantining far from home. As a result, numerous US citizens,...
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Transition Tax On Retained Earnings (2017) – What Entrepreneurs Need To Know
By Vincenzo Villamena, CPA Update The 2017 tax reform brought new taxes for entrepreneurs with foreign businesses, including the transition tax on retained foreign earnings. The transition tax was a...