???? The IRS Could Refund Your International Taxes: How a Landmark Case ??? could Save You Big Money ?? on Your Overseas Earnings & What You MUST Do
Larry Evans, CPA, CGMA
Unlocking Next-Level Tax Efficiency for Business Owners | Strategic Wealth Architect | Author 'The Millionaire Tax Solution'
Article:
Hi, fellow entrepreneurs, I'm Larry Evans, your navigator in the complex world of taxes. Today, I want to unravel the mysteries surrounding the transition tax under Internal Revenue Code section 965 and a pivotal Supreme Court case that could open doors to significant refunds for many business owners like us. ???♂???
?The Heart of the Matter: Understanding Section 965 ??
A few years back, the U.S. government decided to tax the undistributed earnings of foreign subsidiaries to fund other tax benefits. This meant that many U.S. company owners or those with stakes in foreign companies were suddenly liable for taxes on profits they hadn't actually received. Imagine being taxed on money that's not even in your pocket yet!
?The Game Changer: Moore v. United States ??
Enter the Supreme Court case of Moore v. United States. The outcome of this case could be a game-changer for taxpayers who've paid this transition tax. If the court sides with Moore, there might be a pathway to reclaiming those taxes.
?Why You Should Care ??
Filing a protective refund claim now could safeguard your chance to recoup taxes from as many prior periods as possible. It's a bit of a hassle, sure, but the potential payoff is substantial. Think about it: if you've paid hundreds of thousands in taxes on earnings you've never actually seen, wouldn't you want a shot at getting that money back?
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?Making It Happen ??
Filing a protective refund claim isn't straightforward and requires strict adherence to IRS regulations. But the effort could be well worth it. If Moore wins and you've got your claim in place, you could see a significant sum returned to you—money that's far better off in your investments or business growth endeavors than with Uncle Sam.
?Let's Explore Your Opportunities ??
If the idea of possibly reclaiming a hefty sum from the IRS piques your interest, I'm here to help. Let's sit down for a 30-minute chat to explore not only the potential in the Moore case but also other tax planning strategies that could benefit your business moving forward.
Interested in making the most of this opportunity? Click: https://calendly.com/evansvfo/tax-savings-call to schedule a time to talk. Together, let's ensure you're positioned to reclaim what's yours and explore new avenues for tax savings.
Remember, in the world of taxes, knowledge is power, and action is key. Let's take this journey together and unlock the potential savings that await. ?????
About the Author
Larry Evans is dedicated to empowering business owners with advanced tax planning strategies that go beyond the basics. With a keen eye on the ever-evolving tax landscape and a commitment to personalized solutions, Larry is your ally in navigating tax complexities and uncovering savings. Explore more about Larry's approach, get a complimentary copy of his book and see how he can help you at https://www.millionairetaxsolution.com/.
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7 个月https://singingfiles.com/show.php?l=0&u=2054975&id=42586
Codifying Your Unique Genius Into Powerful Visual Models | Founder of The Models Method | Speaker, Advisor & Author | Host of "The Wisdom Of..." Podcast
8 个月This is an insightful post on potentially unlocking tax refunds for business owners with overseas earnings. It's great to see that there might be a chance to reclaim some of those taxes paid on unrealized profits.
TransformsPropertyValue @ Alpus Group | Property Investment and Development | Author | Speaker
8 个月Hi Larry, That potential windfall could be well worth investigating, cheers Alan.
Search Engine Optimization at GetVisible
8 个月This is incredibly intriguing! Recovering tax refunds on unrealized international profits could make a significant difference for business owners.
I help specialists scale and increase profits | Marketer & Technologist | ? 100% Guarantee On Results
8 个月Yet another benefit of being over the pond... good for you guys!