Page 8 - Information Return News Today

The IRS just announced, in releasing Notice 22-36, that it will be automatically issuing an estimated $1.2 billion in refunds or credits related to failure to file penalties assessed...

While it would appear that there are an infinite number of international information reporting forms required for taxpayers with overseas accounts…

Auctions can be an effective way to raise funds at your not-for-profit organization's fundraising events. However, preparing for an auction involves more than fun and game...

(The Center Square) – The Internal Revenue Service has been under fire for delays and millions of backlogged returns, but now lawmakers are raising the alarm after the federal agency

(The Center Square) – The Internal Revenue Service has been under fire for delays and millions of backlogged returns, but now lawmakers are raising the alarm after the federal agency

Avoid the tax consequences of not distributing a TFSA quickly after the account holder dies

Flow-through entities raise the question of when the entity stands in its own name versus being a collection of its owners.

Bare trusts across Canada could soon be required to file annual returns with the Canada Revenue Agency, or face large penalties for failing to report.

REITs, or real estate investment trusts, are often described as a mutual fund for real estate.  Congress established REITs to allow individual investors to invest in large-scale,...

Expanded trust reporting requirements announced four years ago were set to be effective, but feds still haven’t passed legislation to enable them