Author Archives: Natalia Razheva
FIRPTA: US real property interest
Please note: This post was reviewed and is still accurate as at February 2020. The disposition of a US real property interest is subject to income tax and withholding provisions of the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). US real property interest is an interest, other than as a creditor, in real […]
OECD: Automatic Exchange of Information update
As the world becomes increasingly globalized and cross-border activities become the norm, tax administrations of different countries need to work together to ensure that taxpayers pay the right amount of tax to the right jurisdiction. To assist with this effort, the Convention on Mutual Administrative Assistance in Tax Matters (“the Convention”) was developed jointly by […]
Tax Scams – Beware
The Internal Revenue Service has issued an advisory warning people about various types of tax scams and ways to protect oneself against them. The most common types of scam include phone scams and phishing. Phone Scams: This old scam involves aggressive and threatening phone calls made by criminals impersonating IRS agents and remains an ongoing […]