If you have foreign interests (such as a company overseas), you might not be aware of the international tax requirements brought on by recent reforms. From taxes on past and current overseas income to additional forms needed for your return, it’s critical to be aware of your obligations so you can avoid penalties. And the last thing you need is an unpleasant surprise from the IRS when you file your return! In this video, JMCo partner Erin Spiwak talks with fellow partner (and international tax advisor) Justyna Mueller about the tax issues that could apply to you. Transition taxes, global intangible low-taxed income (GILTI) and Form 5471 are covered in this brief yet important discussion.