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Mercury
"I’d very highly recommend Lodder CPA to anyone with a complex tax situation. As an expat with a foreign business, things get quite complicated… Their service is very personalized with video walkthroughs explaining what needs to be done. All of the employees. were professional and very communicative."
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Find answers to frequently asked questions about our services and international taxes.
This income is included on your U.S. tax return. It’s also possible that this income is taxable in the foreign country. You would need to determine the tax implications with your tax professionals in the U.S. and abroad. If there is an income tax liability in the foreign country, then you may be able to obtain a foreign tax credit on the U.S. return to avoid double taxation.
Possibly. However, there may be anti-tax deferral provisions such as Global Intangible Low-Taxed Income (GILTI) that could apply that cause you to pay current tax on this non-U.S. income. You should seek tax advice to avoid onerous tax provisions.
No. GILTI applies to corporations who would otherwise be able to defer U.S. corporate income tax until a dividend is paid. Income from the partnerships or pass-through entities is includable on the U.S. company return in the year it is earned.
Under current law, there is no tax since the U.S. corporation would obtain a 100% dividend deduction.
Yes. U.S. corporations benefit from tax incentives such as deducting a portion of foreign-derived intangible income (FDII), linked to intangible assets held domestically. Additionally, the Interest Charge Domestic International Sales Corporation (IC-DISC) provides substantial tax savings for exporting U.S. products. Unlike tax shelters, IC-DISC facilitates permanent tax savings by transferring income through export sales commissions.
Lodder CPA helps you reduce risk, improve efficiency, and ensure your structure supports how your business actually operates today — and where it’s going.
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