What happens with negative K-1 distribution of US S-Corporation?

How to you distribute losses on a K1 for S-Corporation shareholders? Answer by Wray Rives CPA CGMA: There are a number of issues and facts to consider with S Corp losses. Not Earned Income/Not Passive Income – The flow through income from an S Corp is not earned income, but it is not necessarily passive Read more about What happens with negative K-1 distribution of US S-Corporation?[…]

Transfer pricing of tangible goods between controlled businesses

The Internal Revenue Service has adopted specific regulations to govern how related businesses should determine pricing and allocate profits among related businesses.  This is of particular interest to US businesses that are controlled by non-US taxpayers either directly or through related non-US businesses and which sell goods sourced by the non-US taxpayers into the US Read more about Transfer pricing of tangible goods between controlled businesses[…]

US Taxation of Nonresident Alien Income

US taxation of nonresident alien income can be a complicated topic.  The source of income is one of the primary factors that determines if a nonresident alien owes US tax on income from US sources.  The following table will summarize the sourcing rules for income that may or may not be subject to US Federal Read more about US Taxation of Nonresident Alien Income[…]