Press Room: US tax reform

Click here for additional updates from Andersen in the U.S.

Biden’s Green Book Proposed Changes to US Foreign Income Tax Regime

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US Treasury Issues Green Book Providing Additional Details Regarding the Biden Administration’s Tax Plans

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President Biden Proposes Tax Increases for Wealthy Individuals and Greater Funding for IRS Enforcement

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18 Aug 2020

Treasury and IRS release long-awaited guidance on carried interest taxation

On July 31, 2020, the Treasury and IRS released proposed regulations regarding Sec. 1061’s carried interest rule, targeting incentive allocations made to fund managers.

7 Aug 2020

IRS issues guidance on GILTI high-tax exclusion

The Treasury and IRS have issued final regulations allowing taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their global intangible low-taxed income (GILTI) computation on an elective basis.

5 Dec 2019

US gift tax – final regulations protect large gifts from future tax

The IRS has now confirmed that taxpayers benefiting from temporarily raised estate and gift tax exclusion amount will not be adversely impacted in future years.

11 Oct 2019

2019 Year-End Tips and Tax Planning Strategies for Individuals

As we head into the last quarter of the year there are several action items that US individual taxpayers may want to consider before year-end.

29 Sep 2019

The US States’ Evolving Responses to Tax Reform Present Opportunities and Challenges

The states’ responses to the sweeping changes under the Tax Cuts and Jobs Act (TCJA) are as varied as their own unique tax codes. Korwin Roskos of Andersen United States discusses the unique challenges and opportunities for business taxpayers.

25 Sep 2019

Alternative asset management – USA state and local tax update

On Thursday, September 26, Andersen United States will host a webcast on state and local tax and how recent updates have impacted the Alternative Investment industry.

4 Aug 2019

Non-US individuals, trusts and companies investing into the US

The tax treatment of US investments differs depending on whether the investor is an individual, company or trust. Investors need to understand the consequences of different investment structures so that they can plan their investment decisions for maximum tax efficiency.

18 Jul 2019

GILTI regs improve position for partnerships owning CFCs

Partners in private equity and domestic partnerships will benefit from these regulations if they do not own directly, indirectly or constructively 10% or more of the stock of a foreign corporation and thus will not be required to have a GILTI inclusion. The final regulations are applicable for tax years beginning after December 31, 2017.

4 Jul 2019

US estate taxes for non-Americans

Non-US individuals owning US assets could be exposed to US gift and estate tax on death or when the asset is gifted. Such individuals should seek advice to understand the level of exposure and whether any pre-emptive planning can be undertaken.

20 Jun 2019

IRS Issues Final and Proposed Regulations on GILTI

The IRS and Treasury have released final and proposed regulations regarding the new global intangible low-taxed income (GILTI) regime, applicable to US taxpayers with interests in foreign companies.

25 Jan 2019

Final Regulations on 20% Pass-Through Deduction Resolve Various Uncertainties

IRS and Treasury have released final regulations under Sec. 199A of the Internal Revenue Code (Code) regarding the 20% deduction for pass-through entities and certain individuals.

13 Dec 2018

Non-Americans investing into the US post-tax reform

The individual tax provisions of tax reform present opportunities for non-resident non-Americans investing into the US.