For expats and entrepreneurs with foreign business interests, additional information returns are required to be filed on tax day. The failure to file some of these foreign information returns can trigger a hefty penalty from the IRS, usually starting at $10,000 per offense. More importantly, failure to file required foreign information returns can leave taxpayers open to audits and assessments long after the standard three-year statute of limitations.



October 13, 2016

If you are a micro- to medium-sized business owner, consider reevaluating the role of retirement planning in your business operations as well as in your individual tax ‘portfolio.’


Choosing the right retirement solution for your small business can be instrumental in providing growth and security for yourself, your employees, and your enterprise as a whole.

The tax advantages of small business retirement plans include:

  • Tax deductions for employer contributions to employee plans (including...

Please reload

©2020 Grant W McMichael CPA PLLC. All Rights Reserved. Grant W McMichael CPA PLLC is a licensed CPA firm in the state of Texas.