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Member Articles


Form 1042, 1042-S, & 1042-T Compliance Rules & Distinctions

Due to increased withholding reporting requirements for foreign persons, FGMK, LLC wants to ensure that its clients know about these filing requirements and that our International Tax team can assist.    Form 1042, A ...

President Signs One Big Beautiful Bill Act into Law

On July 4th, President Trump signed into law the legislation commonly referred to as the One Big Beautiful Bill Act. The signing followed the passage of the legislation by the House of Representatives on July 3rd on a 21 ...

State Income Tax Implications – The One Big Beautiful Bill Act

Public Law No. 119-21, also known as the One Big Beautiful Bill Act (“OBBBA”), was signed into law nearly a year ago in July 2025. However, for many taxpayers the state income tax implications of the One Big Beautifu ...

Tax Reform Update – Australian Government’s Post-Budget Carve-Outs and the New Start-Up CGT Concession

On 18 June 2026, the Government announced further implementation details for its tax reform package following what it described as “an intensive first round of post-Budget consultation”. This is the third in our seri ...

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