Imagine your CPA tells you your business made $800,000 this year. You immediately open the bank account. There is $125,000. You…
Read More
Alberto Luna Jr., CPA
July 27, 2026
Imagine your CPA tells you your business made $800,000 this year. You immediately open the bank account. There is $125,000. You…
Imagine someone offers you the opportunity of a lifetime: a business generating $3 million in annual revenue for a $2 million…
Imagine it's Saturday morning. You open your mailbox and see an envelope from the Internal Revenue Service. Before you even open…
Imagine you're starting a business with your best friend. You're putting in $300,000. He's bringing the customers. Someone tells…
Imagine your construction company has $10 million of signed contracts. Your crews are working, equipment is moving…
Imagine your restaurant has a line out the door every Friday and Saturday night. Tables are full, the kitchen is slammed, servers…
Imagine you bought a rental property years ago for $1 million. A buyer now offers you $3 million. You look at the numbers and…
Imagine your rental property puts $40,000 into your pocket this year. The mortgage was paid, the tenants paid on time, and the…
Imagine your medical practice billed $3 million this year. Your waiting room is full, your providers are booked, and your billing…
Imagine your dental software says your practice produced $2 million this year. Your schedule is full, your hygienists are busy…
Imagine your hotel is 80% occupied. The parking lot is full, housekeeping is busy, guests are constantly checking in, and monthly…
Imagine your trucking company generates $5 million in revenue. Your trucks are moving every day, drivers are busy, and customers…
Imagine your law firm collected $2 million this year. Your operating account looks healthy, your attorneys are busy, and new…
Imagine you give your CPA a complete list of your Mexican bank and investment accounts. Your CPA prepares your FBAR, and you…
Imagine you live in Texas but still have several bank accounts in Mexico. None of the accounts individually has more than…
Imagine you have lived in Mexico for 20 years. You file Mexican tax returns, pay Mexican taxes, and have never intentionally…
Imagine you were born in Texas, moved to Mexico as a child, and have lived there ever since. You work in Mexico, own a business…
Imagine you live in Mexico, own businesses and investments there, and only come to the United States regularly for work, family…
Imagine you've spent 25 years building businesses, investments, and wealth in Mexico. Then you move to the United States and…
Imagine your company in Mexico forms a Texas LLC to expand into the United States. The U.S. company has little activity and may…
Imagine you are a U.S. citizen living in Texas and own 40% of a professional business in Mexico with two other partners. The…
Imagine you built a successful business in Mexico years before becoming a U.S. taxpayer. It has employees, customers, bank…
Imagine your company in Mexico has a great year, pays Mexican income tax, and keeps the remaining cash in the business. Then you…
Imagine your company in Mexico earns $500,000. You leave every dollar in the business, receive no dividend, and never transfer…
Imagine four people own shares in foreign companies. One owns 10%. Another owns 25%. Another owns 50%. The last owns 100%. They…
Imagine you and your spouse own a company in Mexico together. You file one joint U.S. tax return, so you assume one Form 5471…
Imagine filing your U.S. tax return on time, paying every dollar of tax you owe, and still discovering that you may face a…
Imagine owning a profitable company outside the United States, leaving every dollar inside the business, and then finding out…
You did not start the company. You did not buy the shares. You may not even receive money from the business. But inheriting…
Owning a business outside the United States can create U.S. tax and reporting obligations—even when the company operates entirely…
International tax compliance has become one of the most aggressively enforced areas of U.S. taxation. Whether you are a U.S…
U.S. taxpayers who own foreign companies face some of the most complex reporting requirements in the tax code. Many business…
Foreign nationals who own U.S. companies face strict IRS and Treasury reporting rules that go far beyond filing an annual tax…
Foreign asset reporting is one of the most misunderstood areas of U.S. tax compliance. Many taxpayers believe that if income was…
Receiving money from family members or sources outside the United States is common, especially for taxpayers with international…
Many U.S. citizens and green card holders assume that moving abroad eliminates their U.S. tax obligations. In reality, the United…
U.S. taxpayers earning income abroad often hear about two primary tools designed to reduce double taxation: the Foreign Earned…
Tax residency is one of the most misunderstood concepts in international taxation. Many individuals assume that residency is…
As remote work becomes more common, many U.S. taxpayers now earn income while living or working abroad. Whether income is earned…
Living and working abroad offers flexibility and opportunity, but it also introduces complex tax obligations that many expats and…
Choosing the right business structure is one of the most important decisions in cross-border operations. The wrong structure can…
Related-party transactions are one of the most heavily scrutinized areas in international taxation. Even routine transfers of…
International taxpayers who owe U.S. taxes often believe that living abroad limits the IRS’s ability to collect. In reality, U.S…
Taxpayers who discover unreported foreign income, assets, or accounts often face an important decision: whether to use the IRS…
The Streamlined Filing Compliance Procedures are one of the most important relief programs available to taxpayers with unreported…
Global Intangible Low-Taxed Income (GILTI) is one of the most misunderstood and overlooked international tax rules affecting U.S…
Discovering past international tax non-compliance can be stressful, especially when penalties for missed foreign reporting forms…
How business owners pay themselves from a foreign or U.S. company has significant tax and compliance implications. Choosing the…
Penalties for failing to report foreign assets can be some of the most severe in the U.S. tax system. In many cases, penalties…
Many taxpayers assume the IRS will not discover unreported foreign assets, especially when accounts are held outside the United…
International tax compliance is one of the most complex and high-risk areas of the U.S. tax system. Despite this, many taxpayers…
International tax compliance mistakes can be extremely costly. Many taxpayers assume that errors only matter if additional tax is…
International tax compliance is no longer a niche issue reserved for large multinational corporations. Individuals and small to…
International tax planning is not about aggressive tax avoidance—it is about managing risk, ensuring compliance, and making…
Proper record retention is a critical but often overlooked part of international tax compliance. For taxpayers with foreign…
For high-income professionals and business owners, tax season can often bring an unpleasant surprise. The higher…
Behind every successful business lies one essential element — organized, accurate bookkeeping. Whether you're a startup or an…
Every year, tax season catches many individuals and business owners by surprise — often leading to stress, last-minute scrambling,…
For many international investors, the United States offers an attractive environment for launching and expanding…
Running a successful business takes more than great products or loyal customers — it requires smart financial management. Yet…
Most business owners wait until the end of the year — or worse, tax season — to think about taxes. But by then, it's often too…
For many small business owners, managing payroll seems straightforward — until it isn't. Between tax withholdings, reporting…
Securing financing is a major milestone for any business — whether you're launching a new venture, expanding operations, or…
For small business owners, every dollar counts — and smart tax planning can make a big difference at the end of the year…
Starting a business is one of the most exciting — and challenging — experiences an entrepreneur can have. From developing your…
Few things cause more anxiety for taxpayers than the possibility of an IRS audit. While most returns are processed without issue…
Owning a business in Texas offers many advantages — no personal state income tax, a pro-business climate, and a fast-growing…
When it comes to filing taxes, many people assume that all tax professionals offer the same level of expertise — but that's far…
Depreciation is one of the most powerful — and often misunderstood — tools in business taxation. It allows companies to recover…
Even the most careful taxpayers can make mistakes on their tax returns. Whether it's an overlooked deduction, incorrect…
Starting and running a business in Texas offers many advantages — a strong economy, business-friendly regulations, and no personal…
Owning a small business offers many financial advantages — but also unique tax challenges. Every year, thousands of entrepreneurs…
Running a successful business requires more than just tracking expenses and balancing the books. While bookkeepers play…
As 2025 unfolds, many individuals and business owners in Laredo, Texas are looking for effective…
No blogs match your search. Try another keyword or category.
