The beneficial ownership reporting requirement established by the Corporate Transparency Act has created a fair amount of chaos concerning whether providing reporting services to clients is the unauthorized practice of law (UPL). While some state bar associations have come down on one side or the other as to whether certain types of reporting are UPL, the Treasury offers no clear guidance. What the IRS has made clear recently is that Circular 230 ethical obligations extend to matters beyond what the Loving case determined was “practice before the IRS.”
Beyond Borders: Essential Tax Planning Insights for Advising Foreign-Invested Partnerships
Dominique Molina, CPA MST CTS
Cross-border ventures can unlock exciting destinations for growth and investment, but they also come with some heavy-duty baggage — think IRS paperwork, withholding headaches, and estate tax landmines. If you’re a tax planner gearing up for this global expedition (especially if it’s your first trip), this guide is your passport to smoother travels.
