The Foreign Investment in Real Property Tax Act (FIRPTA) imposes a tax on gains from a disposition of a U.S. real property interest by a foreign person. As a general rule, to help ensure foreign persons pay income tax on their sale of U.S.
Domestic companies earning income from exporting U.S. produced products can benefit from Interest Charge-Domestic International Sales Corporation (IC-DISC). An IC-DISC offers a permanent tax savings as well as tax deferral opportunities to U.S.
Enacted as part of the Tax Cuts and Jobs Act of 2017, Foreign-Derived Intangible Income (FDII) is an export tax incentive available to domestic C-corporations which allows for a permanent deduction on taxable income up to 37.5%.
For companies subject to motor fuels and excise taxes, simply complying with federal and state tax requirements can take significant internal resources. Companies may miss important tax savings simply because they do not have the time or internal resources to uncover them.
Motor fuels and excise tax compliance can be demanding and, at times, arduous for internal tax compliance departments.
If your company has received a tax assessment as the result of an audit or has received a notice of audit by a state or local tax authority, it is time to consult Weaver’s state and local tax professionals.
Public companies that file under the ASC 740 income tax provision face complex financial reporting requirements that can challenge even the best tax departments.
Tax requirements from the IRS and multiple states can keep you running in circles. That’s why you need Weaver.
Your company may qualify for multiple breaks on federal and state taxes— credits and exemptions that can lead to significant savings on your overall tax expenditures. You may not be aware that your company qualifies for certain tax savings opportunities.
Many energy-focused states grant upstream and midstream companies multiple breaks on state sales taxes — exemptions that can be worth significant savings. But taking advantage of these tax exemptions requires both time and specialized knowledge.
Executive Resource Center