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IRS Tax Filing Season to Begin On Schedule

In spite of having passed through the longest government shutdown in the nation’s history, the IRS has confirmed that the IRS tax filing season will begin on schedule. Read more in the article below. https://www.irs.gov/newsroom/irs-confirms-tax-filing-season-to-begin-january-28

IRS Reopens After Government Shutdown

Although the IRS has reopened, some speculate that it could take up to a year to get back to normal. Read more in the article below. https://www.forbes.com/sites/kellyphillipserb/2019/01/27/with-shutdown-over-for-now-irs-stares-down-huge-backlog-as-tax-season-begins/#6c56b549311d

What is an IRS FOIA?

The Freedom of Information Act, also called FOIA, found in 5 U.S.C. 552 gives any person the right to request access of federal agency records or information within the scope of the Act. If you are under audit or dealing with a Revenue Officer, it may be beneficial to submit a FOIA request. Most importantly,...
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IRS FORM 3520: GIFTS FROM A FOREIGN PERSON

IRS FORM 3520: GIFTS FROM A FOREIGN PERSON AND FOREIGN TRUSTS If you are a U.S. person who received a foreign gift of money or other property, you may need to report these gifts on Form 3520. This form is known as the Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain...
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IRS TAX LIENS: WHAT YOU NEED TO KNOW

IRS Tax Liens: What You Need to Know An IRS tax lien is the government’s legal claim against your property when you have an overdue tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets. A federal tax lien exists after the IRS: Puts your...
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FOREIGN TRUST REPORTING REQUIREMENTS: IRS FORM 3520-A

Foreign Trust Reporting Requirements Although there are a myriad of reasons why a U.S. person might create a foreign trust, or have transactions with a foreign trust, they can have tax consequences and result in filing responsibilities as well. Regardless of your motivation, failure to meet these reporting and filing requirements can result in very...
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IRS SPECIAL ENFORCEMENT PROGRAM AUDIT

What is an IRS SEP Audit? If you have or your business has been selected for an IRS audit, it is important to find out information about the auditor, such as whether the auditor is a member of the SEP group. Taxpayers frequently ask their tax attorney what they should do if they receive an...
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