Form 1042, 1042-S, & 1042-T Compliance Rules & Distinctions
Due to increased withholding reporting requirements for foreign persons, FGMK, LLC wants to ensure that its clients know about these filing requirements and that our International Tax team can assist. Form 1042 Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, is the form used to report tax withheld on …
Continue reading "Form 1042, 1042-S, & 1042-T Compliance Rules & Distinctions"
Biden-Harris Administration Rent Cap Proposal
The Biden-Harris Administration recently set forth a proposal aimed at corporate landlords with over 50 units in their portfolio. The proposal sets forth a plan to provide such landlords a choice: either cap annual rent increases on existing units at 5 percent or forego federal tax incentives, such as expedited depreciation. Recently, the Biden-Harris …
Continue reading "Biden-Harris Administration Rent Cap Proposal"