Introduction This three-part series will focus on IRS civil penalties, mainly as these relate to failure to file international information returns. The framework for civil penalties is discussed first. The focus will then turn to how the framework relates to failure...
With the shutdown entering its fifth week, the U.S. tax industry awaits information relating to recent tax law changes. Concurrently, key events draw closer: the annual IRS efile shutdown, and the commencement of 2026 tax season. Industry awaiting HR1 guidance that is...
The U.S. government shutdown is now into its 16th day, creating confusion and havoc in the U.S. tax community across the globe. The AICPA commented earlier today that fears are growing for the accumulating effects of the shutdown. Last week the AICPA made its second...
Introduction and scope Part One of this article addressed the N.Z. tax implications of distributions from foreign inter vivos trusts[1] as set out in IS 25/18: Income Tax – Whether money or property received by New Zealand tax residents from overseas is income from a...
We are pleased to confirm that director and founder Gina Gatchell has been accepted for membership of CPA Australia, one of the world’s leading professional accounting bodies. This achievement marks another significant milestone in Gina’s ongoing commitment to the...
Introduction and scope A proposal to add a new way of calculating FIF income was covered in Parts One and Two of this article. To recap, the proposal is that a new method, the RAM, be added to existing methods. The tax implications already characteristic of...
