Part 1: Responding to The Section 965 "transition tax": "Resistance is futile" but "Compliance is impossible"

Introduction and background … “This legislation is being interpreted by a number of tax professionals to mean that individual U.S. citizens living outside the United States are required to simply “fork over” a percentage of the value of their small business corporations to the IRS. Although technically “CFCs” these companies are certainly NOT foreign to … Continue reading Part 1: Responding to The Section 965 "transition tax": "Resistance is futile" but "Compliance is impossible"