Articles
IRS Provides Penalty Relief for Certain 2019 and 2020 Returns - Must File by September 30
The IRS has provided new penalty relief for taxpayers who filed 2019 and 2020 returns late. Additionally, the IRS expects 1.6 million taxpayers to receive more than $1.2 billion in credits or refunds. Relief Automatic if Filed By September 30th, 2022...
New Compliance Campaign - IRS Going after Non-US Trusts
Non-US Trusts Become New IRS Target Source: ...
IRS Form 7203
Are you curious about IRS Form 7203? This form is used by S corporation shareholders to figure out the potential limitations of their share of the S corporation’s deductions, credits, and other items that can be deducted on their returns. In this post, we'll provide an overview of Form 7203 and discuss some important points re...
Webinar: Pensions and Other Retirement Accounts Outside of the U.S. Recording and Q&A Transcript
On July 19, 2022, we hosted a webinar on Pensions and Other Retirement Accounts Outside of the U.S which included live Q&A with our tax experts. You can access the recording and we’ve also transcribed this Q&A transcript. ...
IRS Identity Protection PIN
When people talk about identity theft, they usually mean stolen personal information, credit card numbers, or bank accounts. However, identity theft also results in tax fraud. Cybercriminals may use your Social Security number to apply for jobs o...
CP2100 and 2100A Notices: When Payers Need To Correct Backup Withholding Errors
Banks, credit unions, corporations, and payers who filed returns that did not match IRS data receive CP2100 and CP2100A notices from the IRS. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange Transactions<...