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Tax Compliance
Caplin & Drysdale
Tax Compliance

Tax compliance planning is an ongoing process for all businesses.  As transactions are completed or events take place, decisions must be made as to how they should be reported, how confident should the client be as to the merits of its position and whether and to what extent it should disclose the transaction on its tax return.

Information reporting and withholding is increasingly complex, especially when dealing across borders.  Tax must be withheld, and certain information reports filed, in real time; decisions cannot be left until the end of the year. New rules requiring reporting of foreign financial accounts over which US persons have signatory authority now make FBAR reporting a concern for businesses with run-of-the-mill foreign operations.

Representative Engagements

  • When a foreign corporate investor in the United States wanted to come into compliance with past U.S. and state tax obligations, Caplin & Drysdale coordinated tax filings for back withholding taxes with the US payors in which the foreign investor holds minority interests; engaged accountants to file back tax returns; assisted in creating a financing structure that avoided unnecessary taxable distributions, and a restructuring of ownership interests to reduce both state taxes and compliance costs.
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