Is the foreign-related-party BEAT bill in effect for 2026?
I saw H.R. 1911 mentioned — a bill to change BEAT treatment for sufficiently-taxed foreign payments. Is it law for 2026?
Related Questions
Is the Defending American Jobs and Investment Act in effect for 2026?
I keep seeing references to the Defending American Jobs and Investment Act (H.R. 591). Is it law? Does it affect my withholding for 2026?
Did the One Big Beautiful Bill Act actually become law before tax year 2026?
I keep seeing references to OBBBA / H.R. 1. Is it law, or still pending? Does it affect tax year 2026 planning?
What are the penalties for not filing a Beneficial Ownership Information report?
I read that the Corporate Transparency Act requires my foreign-owned LLC to file a Beneficial Ownership Information (BOI) report with FinCEN. What happens if I miss the deadline? I heard there is a $5...
What bookkeeping records does a foreign-owned single-member LLC actually have to keep for Form 5472?
I run a US single-member LLC that's owned by me, a non-resident. It's disregarded for income tax but I file Form 5472 with a pro forma 1120 every year. I keep my bank statements and receipts, but I ke...
Did OBBBA raise the estate and gift tax exclusion amount for 2026?
I'm planning around U.S. estate exposure. Did OBBBA change the basic exclusion amount, and what's the 2026 number?
If I should have filed Form 8938 but didn't, does that keep my tax year open too?
My LLC may have crossed into being a specified domestic entity, and I think I should have filed Form 8938 with the return but didn't. Separate from the $10,000 penalty, does leaving Form 8938 off the ...
My CPA mentioned IRC 267 and said I can't deduct certain expenses paid to my own foreign company — why?
I'm a Brazilian citizen and I own both a consulting firm in Brazil and a Delaware LLC. My Brazilian company provides back-office services to the LLC and charges a monthly fee. My CPA said IRC 267 rest...
My foreign company was already registered in a U.S. state before the 2025 BOI rule changed. If we missed the one-time deadline, where do we even start?
I live in Israel and our main company is formed outside the U.S., but it has been registered to do business in one U.S. state for some time. We were so focused on the headlines about domestic companie...
After Bittner, is the non-willful FBAR penalty once per year or per account?
I had four foreign accounts under my LLC and missed FBARs for two years. Before, I read the penalty could be per account, which terrified me. Did the Bittner decision change that? If I had four accoun...
Are OBBBA implementation rules still being issued in 2026?
OBBBA was signed in 2025. By 2026, are all the regs and IRS guidance settled, or is implementation still rolling out?
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