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IRS Seeks In-Person Interviews For Failure To File A 2011 Form 5471
Forbes· 3 days agoTaxpayers with foreign assets often have international information return filing requirements. In...
IRS warns taxpayers about paying massive penalties
Newsweek· 5 days agoUnder tax laws, the agency pointed out that missed tax payments could mean 8 percent interest on what's owed that compounds daily. Meanwhile, there will...
If you missed the deadline to file taxes, NJ residents have these options
The Bergen Record via Yahoo Finance· 3 days agoThe IRS said that tax returns filed more than 60 days after the due date of April...compounds every day. There is also a 5% per month late-filing penalty
JD Supra: Form 5330 E-Filing Requirement Headache
JD Supra· 2 days agoThe Form 5330[1], an excise tax return used by certain employers and individuals to pay penalty taxes, must be filed electronically for taxable years ending ...
What’s Next for International Reporting Post-Farhy? | JD Supra
JD Supra· 2 days agoLast April, in Farhy v. Commissioner, the Tax Court held that the IRS did not actually have authority to assess penalties under IRC § 6038. The result was devastating for ...
Tax Breaks: Don't Buy TikTok Tax Misinformation
Forbes· 18 hours agoOur latest edition of Tax Breaks. Plus: Qualified charitable distributions, statute of limitations, estate planning, value-added tax, industry updates, and more.
IRS Win Stands in Foreign Reporting Penalty Case at D.C. Circuit
Bloomberg Law· 2 days agoCircuit review his claim was denied Thursday, as was a request for panel rehearing. The circuit’s May 3 ruling in Farhy v. Commissioner said the IRS has authority to collect IRC Section 6038 ...
IRS issues deadline warning to millions
Newsweek· 5 days agoThe Internal Revenue Service (IRS) has issued a reminder to taxpayers regarding a tax payment deadline this month. On June 17, second quarter estimated ...
U.S. citizens detained abroad still face tax fines. Lawmakers want to change that
NPR· 5 days ago“It's unjust that Americans should have to pay this kind of a fee or a penalty.” The number of Americans wrongfully detained abroad has generally increased over the last decade ...
Important IRS deadline ahead
Birmingham News· 5 days agoThe Internal Revenue Service is reminding taxpayers of an important filing deadline. Taxpayers whose income is not subject to withholding must pay their...