International Taxation

Navigating the New W-8BEN-E Form

We were first introduced to the new W-8BEN (for individuals) and W-8BEN-E (for entities) when the IRS released draft forms applicable to the 2014 tax year. The IRS continues to fine-tune the W-8BEN-E forms and instructions in the 2015 drafts. … read more

What’s new on the Form 1042?

The IRS has issued a draft of the 2015 Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign persons and instructions to that form. The new changes from the 2014 form include two things: It is now … read more

IRS Enforcement of Outbound Toll Charge

The IRS is warning its examiners of a new area of interest to look out for when examining corporate taxpayers. On November 2, 2015, the IRS released an International Practice Area (IPU), which provides examiners instruction on how to audit … read more

Recent Gift (on or after June 17, 2008) from an Expatriate?

Typically, the person who receives the gift doesn’t have to worry about the tax, because that tax liability typically falls on the donor. Well, if the donor happens to be a covered expatriate then that tax liability may now land … read more

Foreign Pensions from a U.S. Tax Perspective

As the IRS continues to increase their focus on exposing hidden foreign accounts of U.S. taxpayers, it is important to be aware of all filing requirements and be in compliance to avoid excessive penalties. One area that is commonly missed … read more

Foreigners Selling U.S. Real Estate

Perhaps you are a non-U.S. resident who was keen on investing in U.S. real property after the housing market crash, hoping the market would improve and you could profit on the real estate sale after a few years. Or possibly, … read more

FBAR Deadline Fast Approaching – Don’t Forget to File

Just a reminder to prepare and file the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR) with the Treasury Department as the deadline is fast approaching – June 30, 2015. Any United States … read more

Considering Exposure to VAT

Consumption or turnover tax is a very common form of taxation around the world. In fact, the United States is one of the few countries that do not have this type of tax in place. Value Added Tax (VAT) or … read more

Taxes and International Boycott Operations

U.S. taxpayers who have operations in, with, or related to certain countries participating in boycotts not sanctioned by the U.S. government may be required to report such operations to the IRS. Willful failure to file may result in large penalties, … read more

New Forms Simplify Streamlined Offshore Compliance Program

The IRS has made several recent changes to their offshore compliance programs in order to assist taxpayers who wish to come into compliance, as well as ease the resulting tax burden. These streamlined filing procedures are designed only for individual … read more


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.

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