Highly anticipated tax reform under the Trump administration has been kick-started. On November 16 a bill was passed by the House containing many changes to both individual and corporate taxation. Changes include: Increase in the standard deduction from $6,350 to...
We are pleased to advise that we have a new Enrolled Agent on our staff, Matthew Twine has gained Enrolled Agent status with the Internal Revenue Service.
Revenue Procedure 2017-23 was issued by the Internal Revenue Service on 19 January 2017 and sets out the process for filing Form 8975 Country-by-Country Report. Form 8975 and its accompaniment Schedule A, Tax Jurisdiction and Constituent Entity Information are both...
Today the IRS is reminding taxpayers who have an ITIN to check whether they need to renew it. Under recent changes if either of the following situations arise, an Individual Taxpayer Identification Number will expire on January 1, 2017: 1. The ITIN has not been used...
Minister’s address to the CA ANZ annual conference 17 November 2016 The Minister of Revenue Michael Woodhouse spoke at the Chartered Accountants Australia and New Zealand (CA ANZ) tax conference today. He covered updates to the Government’s tax policy work...
New measures come into effect from 1 November 2016 with respect to the ability of a New Zealand taxpayer to apply tax losses to a shortfall penalty imposed by the Inland Revenue Department. Standard Practice Statement SPS 16/04 enables a taxpayer to elect to utilize...
