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This year the extended tax filing deadline for U.S. citizens or residents, sole proprietorships, C corporations, and single-owner LLCs is Monday, October 17, 2022.
On January 25, 2022, the US Financial Crimes Enforcement Network ("FinCEN") published a Notice of Proposed Rulemaking ("NPRM") to establish a pilot program to permit financial institutions with a
Unintended consequences of foreign branch reporting By Ioana Lacatusu, CPA, MBA, Dallas, and Jerry Seade, J.D., LL.M., Houston Related In December 2018, the IRS issued revised instructions to Form 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs), which expanded the requirement to file this form to include the reporting of foreign branch operations of U.S. persons, controlled foreign corporations (CFCs), and controlled foreign partnerships. Previously, this requirement had applied only with respect to foreign disregar...