Federal Judge Green Lights IRS Search For California Gift Tax Cheats. - Forbes In national crackdown, IRS is looking for property transfers between family members, for little or no cash, that weren't reported on Form 709 as required. Read more at: Tax Times blog
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M&A Holliday Wishes
Marini & Associates wishes everyone a Merry Christmas, Happy Hanukkah and a Happy and Prosperous New Year ! --------------------- Tax Litigation Tax Collections & Tax Planning www.TaxLaw.ms ¡Feliz Navidad y Prospero Año Nuevo! Read more at: Tax Times blog
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3rd Time Is The Charm for the New Form 8938 Just Released!
The United States Internal Revenue Service has at long last posted to its website the instructions and form for reporting non-U.S. (foreign) financial assets under section 6038D of the Internal Revenue Code. This new Form applies from January 1, 2011 for tax returns filed from January 1, 2012 onwards. Form 8938, "Statement of Foreign Financial…
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Ready or Not – Foreign Asset Reporting is Here!
On December 16, 2011, the Internal Revenue Service issued temporary and proposed regulations relating to provisions that require foreign financial assets to be reported to the IRS for tax years beginning after March 18, 2010. The actual proposed and temporary regs provide that: 1. The foreign asset reporting requirement applies to individuals required to file…
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