Foreign Bank Accounts: Deadline For Filing is Fast Approaching
With tax season nearing its end, many throughout the United States are making sure they’ve covered all of their bases. While domestic taxes may be at the forefront of your … Read More
Want To Travel? Contact The IRS.
Last year, we gave readers a reminder regarding their federal taxes: Do them, or risk losing your passport. If you recall, the IRS had issued a warning to taxpayers highlighting … Read More
Five Red Flags For IRS Tax Audits
We’re currently in the midst of tax season, and while many have already filed, others are still holding out until the April deadline. If you haven’t submitted your taxes yet, … Read More
Tax Season: Open For Business
Congratulations; the government shutdown is officially over, and the Internal Revenue Service has returned to business as usual. This means the long road of catching up with paperwork, returning inquiries, … Read More… Read More
Treasury Department Announces Tax Time Leniency
If you read our article on tax withholding changes near the end of 2018, you already knew that there would be a bit of uncertainty surrounding this year’s filing. Some … Read More
New Form 1040 Makes Tax Season Debut
After much back and forth with the public, the IRS has released the final version of its newly redesigned Form 1040. Fulfilling the Tax Cuts and Jobs Act’s promise to … Read More
IRS: No Taxes On Private Company Stocks For Up To Five Years
The IRS recently issued Notice 2018-97, providing clarification for a recent change in tax law regarding the value of qualified stock options from privately-held corporations, also known as Section 83(i). … Read More
Do You Need to Comply with Foreign Bank Account Reporting Requirements?
Whether you’re opening a bank account abroad or considering international investments, it’s essential to understand the U.S. tax implications of having interests foreign financial accounts. As a part of the … Read More