This week on Let's Talk Tax, host Tim LeMasters and guest Jason Rauhe discuss the complexities and increased scrutiny in international tax compliance affecting CPA firms and real estate professionals. They touch on why CPA firms are hesitant to handle global tax issues, the daunting nature of compliance forms like 5471 and 5472, the shift from consulting to compliance focus, and the importance of accurate transfer pricing documentation to avoid hefty IRS penalties. They also explore how CPA firms and their clients can manage these challenges, the role of proactive consulting in identifying structuring opportunities, and the future landscape of international tax scrutiny.

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