Internal Revenue Service Tax Compliance

Foreign Charities

Pursuant to Internal Revenue Code § 170, contributions to certain charitable organizations are tax-exempt.  Generally, contributions to foreign organizations are not tax-deductible.  Certain foreign organizations, however, can be treated as…

Internal Revenue Code Tax Compliance

Foreign Students and the Five Year Rule

It is not uncommon for foreign individuals from abroad to attend university in the United States on a F-1 Student Visa.  In general, nonresident aliens who are present in the…

Tax Compliance

U.S. Correspondent Banks Cut Ties with Mexican Institutions

A correspondent bank is a financial institution that provides services on behalf of another financial institution.  They can conduct business transactions, accept deposits and gather documents on behalf of the…