Tax Blog
Tips to help you prepare for tax season
Some FBAR Filers Have One Extended Deadline Remaining
Most US citizens, entities, and resident aliens with a foreign bank or financial account have seen their IRS reporting deadline come and go. But for some taxpayers, one more deadline remains to file their 2019 Report of Foreign Bank and Financial Accounts, or FBAR.… Read more about Some FBAR Filers Have One Extended Deadline Remaining (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Two Key Publications Now Available in Spanish
The Internal Revenue Service is making good on its pledge to provide information and assistance to underserved communities. The agency has now made two publications that are key to tax professionals available in Spanish.… Read more about Two Key Publications Now Available in Spanish (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Sets Nov. 10 as “National EIP Registration Day”
The Internal Revenue Service is continuing its push to get non-filers to register so they can receive an Economic Impact Payment or EIP.… Read more about IRS Sets Nov. 10 as “National EIP Registration Day” (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Announces 2021 Income Ranges for IRA, Saver’s Credit Eligibility, and More
Taxpayers trying to plan their 2021 deductible retirement plan contributions will be happy to learn that the Internal Revenue Service this week published Notice 2020-79.… Read more about IRS Announces 2021 Income Ranges for IRA, Saver’s Credit Eligibility, and More (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New Stricter Settlement Deal in Play for Micro-Captive Insurance Schemes
The Internal Revenue Service has revealed a second settlement effort for taxpayers under audit who took part in abusive micro-captive insurance transactions.… Read more about New Stricter Settlement Deal in Play for Micro-Captive Insurance Schemes (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New 1065 Instructions Unveiled
The Internal Revenue Service has released an early draft of the instructions to Form 1065, U.S. Return for Partnership Income for tax year 2020 (filing season 2021). The changes include revised instructions for partnerships that are required to report capital accounts to partners on Schedule K-1 (Form 1065).… Read more about New 1065 Instructions Unveiled (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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