Reporting Payments to Foreign Individuals and Entities

Foreign individuals and entities are subject to U.S. tax at a flat 30% rate on certain types of income, including but not limited to: interest, dividends, rents, royalties, and compensation for services performed that they receive from U.S. sources.  However, a U.S. income tax treaty may reduce or exempt an

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June 30 Deadline for Filing New FBAR Form

Over the past several years, the U.S. government has increased its regulatory and enforcement efforts aimed at the disclosure of foreign bank and financial accounts. As a result, there is heightened pressure this year for taxpayers to file a brand-new “Report of Foreign Bank and Financial Accounts” (FBAR) by June

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Doing Business in Mexico

On January 22, 2014, Barnes Dennig, along with US Bank and the US Department of Commerce, presented its first seminar exclusively pertaining to Mexico, “Doing Business in Mexico.”  Mexico, the 13th largest world economy, is an attractive place for US manufacturers to do business, whether it be simply exporting

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