In a recent Accounting Today article, Scott Robins, Emily Horvat, and David Magarian provide guidance on international tax risks for small businesses, S corporations, and partnerships, including matters related to:
- The creation of Permanent Establishment aboard such as:
- Filing annual foreign income tax returns
- Paying foreign income taxes
- Being subject to so subpoena powers of foreign tax authorities
- Choice of Entity as a branch, partnership, or corporation
- Foreign earnings subject to tax
- Transfer pricing
- Other considerations such as withholding taxes, thin capitalization, value-added taxes, and state income taxes