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HandGlobe2

Own or control a foreign company? IRS is expecting a tax return …

Most Americans do not realize that if they own or control more than 10% of a foreign company they may need to file a detailed information return  on the company with the IRS every single year as part … [Read More...]

Great News

2011/2012 Recent Changes at CFO2GO

CFO2GO continues to grow to accomodate the needs of its international clientele for comprehensive accounting, tax reporting and related services connected to their personal and business activities in … [Read More...]

retirement plans

Avoiding IRS tax controversy: Obtain an IRS Private Letter Ruling

In 2010 the U.S. Tax Court ruled that your long time CPA or attorney is no longer "independent." His/her advise no longer protects taxpayers from excessive tax penalties. Taxpayers relying on an … [Read More...]

taxes empty pockets

Reporting Czech foreign rental property income to U.S. Internal Revenue Service

The U.S. government requires Americans to report their foreign rental property investments on pain of sometimes massive penalties, regardless of where they are living. This is of course in addition to … [Read More...]

property management

Should I really let my property management company do my accounting?

The local boat marina probably knows how to tie up and watch your boat, but that does not mean they know how to fix it. Accounting is a specialist service that is generally performed poorly by those … [Read More...]

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Should I buy Czech property through an s.r.o.?

The answer to this question really depends on your investment strategy, and can be relatively simple to complex depending on a range of factors. However, complexity of your project aside, in one way … [Read More...]

Property Tax End

How to transfer my property out of the s.r.o. to me WITHOUT paying tax?

It is possible for sole-shareholder s.r.o.s to transfer the assets and liabilities of his/her s.r.o. to themselves by striking the company via a transformation of its equity (merging the company into … [Read More...]

Sold

I have sold my property … what about the s.r.o.?

Once your operations have come to an end or you have decided to move your business elsewhere – it will be necessary to liquidate the company. This is particularly important if there are profits to … [Read More...]