JMF Office and Recent Legislative Updates

By |2020-03-25T23:20:18+00:00March 25th, 2020|Accounting & Auditing, Construction, Corporate & Partnership Tax, Creative, Design, Entrepreneurs, Estate & Trust, Financial Institutions, Fraud, Health Care, Hospitality, Individual Tax, Internal Control Evaluation, International, Manufacturing, News & Events, Nonprofit, Oil & Gas, Payroll & Bookkeeping, Pension Admin & Consulting, Press Releases, SALT, Social Security, Technology, Timber|

Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment.  This remains a fluid situation and we will continue to communicate with you. [...]

New Tax Procedures for Expatriates

By |2020-01-07T21:00:49+00:00January 3rd, 2020|Individual Tax, International|

The IRS has announced new tax relief for expatriates who meet certain requirements (IR-2019-151, 9/6/19). This relief only applies to individuals who have not filed federal tax returns as U.S. citizens or residents, owe a limited amount of back taxes and have net assets of less than $2 million. Also, past compliance failures must have [...]

JMF’s Bobby Ingram to Lead AlabamaGermany Partnership

By |2018-12-19T16:29:53+00:00December 5th, 2018|International, News & Events, Press Releases|

TUSCALOOSA – Last month, at the AlabamaGermany Partnership (“AGP’) board meeting in Birmingham, the board of directors approved JMF shareholder Bobby Ingram as its new Chairman. Bobby will chair the group for the next two years, after years of board service to the organization. The AGP supports relationships and friendships between organizations and individuals with [...]

Alabama Exports Set Another Record – $21.7 billion in 2017

By |2018-02-26T20:09:58+00:00February 26th, 2018|International, Manufacturing, News & Events, Timber|

For the second straight year, Alabama exports set a new record.  In 2016, Made in Alabama products topped $20.6 billion.  The 2017 figures, released by Alabama State Commerce Department, show a $1.1 billion dollar increase to $21.7 billion. Alabama exports have surged 21% since 2011 and 50% in a decade, figures indicate. Transportation equipment remained Alabama’s No. [...]

Common Mistakes US Companies Make Entering Germany

By |2017-12-21T16:10:52+00:00August 22nd, 2017|International, News & Events, Press Releases|

The JamisonMoneyFarmer International Practice Group works with many companies that are expanding internationally on a variety of tax and accounting issues.  As part of our recent US German Alliance meeting in Tuscaloosa, one of the sessions included a discussion about “Common Mistakes US Investors Make Entering Germany”.  We (US German Alliance) have summarized that [...]

Common Mistakes Foreign Direct Investors Make Entering The US and Alabama

By |2018-01-11T20:51:29+00:00August 22nd, 2017|International, Manufacturing, News & Events, SALT|

The JamisonMoneyFarmer International Practice Group works with many foreign-owned companies on a variety of tax and accounting issues.  As part of our recent US German Alliance meeting in Tuscaloosa, one of the sessions included a discussion about “Common Mistakes Foreign Direct Investors Make Entering the United States”.  We have summarized that discussion as it [...]

Do I Need a Transfer Pricing Study?

By |2018-01-11T20:52:09+00:00August 10th, 2017|Corporate & Partnership Tax, International, Manufacturing, News & Events|

By:  Jennifer Stripling, Tax Manager Jennifer is a tax manager, a member of the JMF Tax Department and in an integral part of the JMF State and Local Tax (SALT) group.  With over 11 years of experience, she assists clients with corporate, partnership, and individual income tax reporting as well as complex multi-state income and sales tax [...]

A Foreign Partner Is Not Taxable On A Partnership Sale Which Creates Opportunities

By |2018-01-11T20:52:27+00:00August 8th, 2017|Corporate & Partnership Tax, International, News & Events|

The US Tax Court recently made changes to long-standing US policy for the taxation of the sale of a non-resident foreign partner’s interest in a US trade or business partnership.  Generally, the US taxes non-resident foreign persons only on US sourced capital gains.  Consequently, the US has historically only taxed capital gains of non-resident [...]

Photos and Summary of the US German Accounting and Tax Summit hosted by JMF

By |2017-08-22T18:11:50+00:00May 5th, 2017|International, News & Events, Press Releases|

As mentioned previously on our blog, JamisonMoneyFarmer hosted an international summit in Tuscaloosa with its strategic partner firms from Germany and across the United States. The 2017 US German Summit was held April 30 - May 2 with an emphasis on global business trends, cross-border transactions, and international tax strategies. Business Meeting Topics included: Money Laundering, [...]