The Internal Revenue Service today reminded taxpayers who have a tax bill that there are several ways to make payments, and there are options for many people who can’t pay their tax bill in full by April tax deadline.The deadline
Kauffman Nelson LLP Blogs
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YOU NEED A SHAREHOLDERS AGREEMENT FOR YOUR US OR FOREIGN CORPORATION OR LLC
Should there be a shareholders’ agreement in place in addition to a company’s articles of association?The articles of association are one of the constitutional documents of a company setting out the rules governing the internal affairs of the company. These
Taxes You May Not Know About
No tax season would be complete without a list of strange taxes assessed by various states and countries.
- Sliced bagels: New York charges a bagel-cutting tax at 8 cents per sliced or ready-to-eat bagel.
- Decorative pumpkins: In New Jersey, a painted, varnished,
US Expatriate IRS Forms Which May Cause an Audit Unless Prepared Correctly
IRS TAXPAYER PROCESSING DELAYS CONTINUE AND WILL FOR SOME TIME
Although the IRS is making progress, there are still significant return processing backlogs which among others involve expatriate returns, refunds, etc, such as: * 6.5 million unprocessed individual returns, as of November 19, 2021; * 2.6 million unprocessed Forms 1040-X,
New online identity verification process for accessing IRS self-help tools for Expatriates and Nonresidents
FBAR $10,000 NONWILLFUL FAILURE TO FILE PENALTY IS HELD TO BE $10,000 PER ACCOUNT AND NOT PER FORM
District Court holds (1) FBAR Penalty Statute of Limitations is Waivable and (2) FBAR Nonwillful Penalty is Per Account (11/8/21)In United States v. Solomon, No. 20-82236-CIV-CAN, 2021 U.S. Dist. LEXIS 210602 (S.D. Fla. Oct. 27, 2021), CL here
US Taxpayer Pleads Guilty to Failure to File a Foreign Bank Account Report
CONCORD – Georges Mazraani, 57, of Windham, pleaded guilty in federal court on Wednesday to willful failing to file a foreign bank account report, Acting United States Attorney John J. Farley announced today.
Expatriates Living Abroad May be at Risk for an Audit?
Even though you live and work abroad the IRS may still audit your return. This is most often accomplished by mail and telephone. Failure to respond to any audit notice from the IRS will result in assessment for taxes due
