The Friday Edition
A biweekly newsletter for international tax professionals
What’s New This Week?
Leave the USA, cash in, and come back? Here’s a gotcha for you
Welcome to The Friday Edition. I’m Phil Hodgen, purveyor of biweekly international tax goodies. This week I’m going to tell you about a nasty little “gotcha” rule hidden deep in the bowels of the Internal Revenue Code. But first . . . Upcoming International Tax Lunch: August 29, 2025 Form 5471, Schedules J and P—Previously-Taxed Earnings and Profits. August 29, 2025 at 9 a.m. PDT, 12:00 p.m. EDT, 6:00 p.m. CET. Online only. Stay on this email list for how to watch and to get a free copy of the presentation materials. Free if you don’t want CPE, or pay…