Supreme Court Declines to Rehear FBAR Excessive Fines Case

September 12, 2023

You can cross another challenge to penalties related to Reports of Foreign Bank and Financial..

Supreme Court Takes Up Constitutional Challenge to TCJA Tax

September 11, 2023

Although it was passed into law in 2017, the Tax Cuts and Jobs Act (TCJA) will soon be put to a new..

IRS Provides Temporary Relief from Restrictive FTC Rules for 2022 & 2023

July 31, 2023

On July 23, 2023, taxpayers, both domestic and abroad, anxious about claiming foreign tax credits..

Cryptocurrency Tax Guidance Amended

July 18, 2023

The Internal Revenue Service (IRS) recently amended the nine-year-old rule related to the tax..

IRS Loses Tax Court Case Involving Proper Disclosure of a Gift

July 10, 2023

In May 2023, the U.S. Tax Court handed down its decision in the case of Schlapfer v. Commissioner...

IASB Proposes Easing Complexity of Global Tax Deal for Smaller Entities

July 10, 2023

Remember the global tax deal? It seeks to establish some broad and fundamental ground rules for..

Tax Court: The IRS Lacks the Power to Collect 5471 Penalties

June 9, 2023

A run of good fortune for U.S. taxpayers with foreign corporate ties continues after the Bittner v...

Beneficial Ownership Information Reporting Finalized

May 24, 2023

On Jan. 17, 2023, the U.S. Treasury Department issued guidance on the type of data input to be..

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