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Outbound Tax · Insights

Outbound Tax insights

Plain-English tax guidance on outbound tax from our CPAs and Enrolled Agents.

Explore Outbound Tax
Individual Tax PreparationBusiness & Corporate TaxTax Planning & StrategyBusiness Tax CreditsIRS Audit DefenseTax Debt ResolutionInternational TaxState & Local Tax (SALT)Estate Income TaxFlorida 1031 ExchangeNonprofit Tax ServicesExpats / Expatriate TaxTax Court RepresentationFederal TaxTax Risk ServicesTransfer PricingTax ComplianceUS Inbound TaxM&A TaxIRS Tax AdvocateOutbound TaxTax Treaty PlanningFIRPTA & Foreign Real EstateForeign Business Expansion
Repatriating Foreign Earnings: Bringing Profit Home Tax-Efficiently
Outbound Tax
Mar 9, 2026·6 min read

Repatriating Foreign Earnings: Bringing Profit Home Tax-Efficiently

Since 2018, US corporations can often bring foreign profits home nearly tax-free — but only if you understand the §245A participation exemption and previously taxed income. Plan the distribution and it's clean; skip the planning and you can pay twice.

SMAART Tax Team
The Foreign Tax Credit: How US Businesses Avoid Being Taxed Twice
Outbound Tax
Feb 24, 2026·7 min read

The Foreign Tax Credit: How US Businesses Avoid Being Taxed Twice

Earn income abroad and both the foreign country and the US want to tax it. The foreign tax credit is how you avoid paying twice — but the limitation, the baskets, and Form 1118 decide how much of that credit you actually get to use.

SMAART Tax Team
US Outbound Tax: What Businesses Owe When They Expand Abroad
Outbound Tax
Feb 10, 2026·8 min read

US Outbound Tax: What Businesses Owe When They Expand Abroad

Expanding overseas doesn't defer US tax the way it used to. CFC rules, GILTI, and Form 5471 mean a US owner is often taxed on foreign profits the year they're earned — long before any cash comes home.

SMAART Tax Team

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