For those of you who I been dying to know, the IRS has release Technical guidance on it’s e-News for Tax professions, Issue Number: 2012-28. I thought I would publish it for you, as I think it is illustrative the the core problem we have in our tax complexity. Just occasionally it is good for us novices to look behind the 1040 curtain. This is just guidance, so you get it right. All you need do is hire a team of Tax professionals to be sure you are legally applying the provisions covered by this guidance. That is what Romney did, and so can you! 🙂 BTW, the word “Foreign” is mentioned 29 times, and “U.S. Person” is mentioned 12 times, so something is happening here that could apply to you, your Corporation, your Entity or your Trust, or not! It is for you to figure out! Enjoy. Continue reading
