Yan Jiang

Senior Manager

#BeMore with Green Hasson Janks

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    New Domestic Partnership Rules Under the Final GILTI Regulations

    The Tax Cuts and Jobs Act of 2017 enacted Section 951A of the Internal Revenue Code in order to prevent base erosion which requires a U.S. shareholder of any Controlled Foreign Corporation to include in gross income the Shareholder’s global intangible low-taxed income (GILTI). On June 21, the IRS and the Treasury Department published final regulations for the GILTI rules. In comparison to the proposed regulations published on October 10, 2018, the final regulations include changes which may […]

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      Major Provision in New Tax Laws

      In the past 12 months (starting late December 2017), we have seen perhaps the most significant changes to tax laws since the last major tax reform in 1986. These changes came from all three branches of the government. Congress passed the “Tax Cuts and Jobs Act of 2017” (“TCJA”) and the President signed it into law on Dec. 22, 2017. The TCJA contains several significant changes to the existing Internal Revenue Code. During 2018, the Treasury Department and the Internal Revenue Service (“IRS”) […]

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        One Secret Most Accountants Don’t Know: They are Also “Photographers”

        Sunrise at Mesquite Flat Sand Dunes, Death Valley National Park – by Yan Jiang April 2018 I am fortunate to work with a Firm that encourages you to purse your passions. Green Hasson Janks believes that when we allow ourselves to devote time and #BeMore to our personal passions, we in turn can better serve our clients. When I put time into my passion of photography, I feel better equipped to serve my clients and ultimately a better accountant because of it. While pursing my passion for […]

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          A Tax Sandwich – Not Tasty At All

          When a foreign investor becomes a U.S. tax resident, one easily overlooked U.S. tax issue is that such residence change may result in an adverse U.S. tax structure, sometimes referred to as a “Sandwich Structure.” What is a Sandwich Structure? Let’s use an example to explain what a Sandwich Structure is. A Chinese tax resident, Mr. Wang, owns a manufacturing company in mainland China that produces computer accessories. To increase the global sales, Mr. Wang travelled a few times to the U.S. […]

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