(answered) – 1) Go to the Internal Revenue Service (IRS) Website, located atDescriptionSolution downloadThe Question1) Go to the Internal Revenue Service (IRS) Website, located at http://www.irs.gov/Individuals/International-Taxpayers/The-U.S.-Model-Income-Tax-Convention-and-Model-Technical-Explanation. Locate the ?U.S. Model Income Tax Convention? used to negotiate treaties with other nations and review Article 5: Permanent Establishment, Article 7: Business Profits, and Article 22: Limitation on Benefits in the model. Next, examine how current U.S. multinational corporations can use provisions of treaties to lower taxes. Speculate how the Internal Revenue Service (IRS) can apply Article 22: Limitation on Benefits to reduce abuse of current treaty provisions. Provide examples to support your response.2) Imagine you are a CPA representing clients with investments in foreign financial institutions and non-financial foreign entities. Provide your client with at least two (2) ways to avoid penalties under the Foreign Account Tax Compliance Act (FATCA).
AcademicPaperExperts.com is a platform where students from all over the globe can get assignment assistance. It is our endeavor to provide customized assignments which are authentic for students in the United States, United Kingdom, New Zealand, Australia and other countries around the globe. Our team undergoes thorough training to handle all the inquiries in a professional manner. We do not set the bar in custom essay writing, we are the bar. All the custom papers and essays you order are written by our writers in tandem with your requirements.