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U.S. citizens and residents who have received gifts (including bequests) exceeding certain thresholds from foreign persons must generally report such gifts to the IRS. Recipients of...
Robert Goulder considers whether a taxpayer-friendly outcome in Farhy would spark a general reformation of the IRS international information reporting penalties.
Our latest edition of Tax Breaks. A ruling on the Corporate Transparency Acts stirs things up, reporting for gifts and inheritances, tax filing season updates and more.
Dealing with the IRS's Automated Collection System (ACS) can be an overwhelming experience for individuals dealing with tax issues.
He's in a financial tailspin, and the IRS is another creditor.