Tax & Accounting Blog

Items to Consider In Nonresident Alien Payroll Processing

Items to Consider In Nonresident Alien Payroll Processing

Are all of your employees either U.S. citizens or U.S. lawful permanent residents? Form I-9, Work Authorization Verification, indicates a choice of four categories for employees: U.S. citizen U.S. national U.S. lawful permanent resident A nonimmigrant authorized to work through [a specified date] If no, do you capture immigration status history and U.S. presence … Read More

APB 23:  ETR Ally, Audit Risk or Both?

APB 23: ETR Ally, Audit Risk or Both?

What is APB 23? APB 23 (codification effort notwithstanding, old habits die hard) provides an exception to the general rule that a U.S. multinational company must provide U.S. taxes on the foreign earnings of its controlled non-U.S. affiliates. More specifically, APB 23 is the accounting rule that allows a U.S. multinational to assert that its … Read More