Tax inspection is one of the important links for tax authorities to manage enterprises. Enterprises subject to tax inspection should attach importance to the inspection work, actively assist and cooperate with it, and prevent relevant tax risks. We will introduce the basic background of tax inspection, share our practical experience in assisting clients to carry out tax inspection and analyze typical tax inspection cases.
In addition, cross-border U.S. tax issues are a broad and complex topic, and there are many additional reporting requirements and considerations relative to regular U.S. domestic tax filings, which are closely related to the personal interests of expatriate executives. This sharing will analyze the issues that need to be paid attention to during the period of expatriation from the perspective of expatriate executives and employees, such as the foreign earned income/housing exclusions, foreign tax credit, and briefly introduce the logic and purpose of the tax equalization arrangement for the reference of expatriates and employers. At the same time, combined with the relevant REGULATIONS of FATCA in the United States, this sharing will briefly introduce the additional reporting obligations related to FATCA that Americans need to pay attention to. Finally, for high net worth U.S. taxpayers (entrepreneurs, investors, family business owners, etc.), there will be a brief share of U.S. personal income tax issues that high net worth individuals need to pay attention to.