Tax Treatment of Intangible Assets
The IRS has specific regulations on the cost of intangible assets. We can guide you through the rules.
As your global business opportunities continue to grow, you need tax professionals on your side who fully understand the complexities involved with international tax laws and regulations. In addition to working with U.S. companies with foreign subsidiaries, we work closely with Canadian corporations that conduct business in the U.S.
If you’re conducting business abroad, Lumsden McCormick can remove the complexities.
By drawing on the expertise of our tax professionals and the resources available through our membership in the BDO Alliance USA, we help manufacturers, construction firms, public companies, and other businesses remain in compliance and successfully navigate the countless issues within the global landscape. Our international tax experts have proven experience in working with businesses that operate throughout Canada, Europe, Asia, the Middle East, and South America.
Our specialties include:
We’ll help you identify transfer pricing risk areas and ensure compliance with complex regulations and documentation requirements.
IC-DISCs, a highly effective tax strategy for companies that export from the U.S., can offer your business the opportunity to gain substantial tax savings.
Each state in the U.S. has different regulations, and businesses are generally subject to state income and sales taxes if they maintain a presence or nexus in that state. We can help you determine where you have nexus (including an economic online-sales nexus) and the impact on both income and sales taxes.
Residency and Other Treaty-Based Issues
We prepare tax returns for non-resident alien employees who live and work in the U.S. and for U.S. citizens living and working abroad.
Repatriation of Profits
You can leverage our extensive knowledge of international tax agreements to maximize profits through the use of royalty and cost-sharing agreements, management fee charges, and other strategies.
We help determine the right structure to reduce worldwide tax liability and provide future flexibility.