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 [...]
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, [...]
One of Alabama’s largest and most respected accounting, tax and advisory firms, JamisonMoneyFarmer PC (“JMF”), will host an international summit in Tuscaloosa with its strategic partner firms from Germany and across the United States. The 2017 US German Summit will be held April 30 - May 2 with an emphasis on global business trends, [...]
Made in Alabama products topped $20.6 billion – that’s TWENTY BILLION with a B – in 2016. That represents a 6.4% increase over 2015 numbers, per the US Department of Commerce. The previous high water mark was $19.6B back in 2012. Made in Alabama Alabama exports have risen 48% in the last ten years [...]
The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 changed the due date for filing FinCEN Form 114 (Report of Foreign Bank and Financial Accounts; commonly known as FBARs) to April 15 of the following calendar year, with a six-month extension to October 15 allowed. (Previously, the due date was June 30 [...]
JamisonMoneyFarmer is proud to announce that shareholder Bobby Ingram has been elected as Secretary for the AlabamaGermany Partnership ("AGP"). The new role was voted on at the AGP Board of Directors meeting in Birmingham, Alabama yesterday. AGP is the organization for facilitating collaboration between businesses and individuals with ties to Alabama and Germany. Bobby is in his second year [...]
JamisonMoneyFarmer (JMF) sent five delegates to the CPAmerica International’s 2015 International Group Meeting in Atlanta, Ga., on Dec. 2-3, 2015. Those delegates were Bobby Ingram, Janet Moore, Kim Smith, Lauren Roberts, and Bobby Bragg. The meeting is an annual event sponsored by CPAmerica, which brings together accounting professionals within the association membership to discuss international business [...]
ATLANTA, Georgia – One of Alabama's largest and respected accounting, tax and advisory firms, JamisonMoneyFarmer PC, met with six other US-based CPA firms from California, Georgia, Illinois, Massachusetts, Michigan, Oregon, and Wisconsin, and five firms from Germany for the US German Accounting and Tax Summit. Perry Barnett of Rushton and Company, LLC of Gainesville, Georgia [...]
As an American living overseas, each year you have to gather the information required to file a U.S. return. Unlike your compatriots, residing across the pond comes with its own process: complicated and with more risk and penalties. The following article sheds light on the expat, tax forms you will need in order to file your return. This is the [...]
It has come to our attention at JamisonMoneyFarmer PC that there is an e-mail scam currently circulating targeting international taxpayers. This scam is in the form of an e-mail purportedly from the Department of Treasury Internal Revenue Service. It suggests that you should complete a W-8 BEN form and fax it to a link in the [...]