The IRS has started processing Forms 4562 Depreciation and Amortization, and Form 8863 Education Credits slightly ahead of the previously advised late February time frame. Form 4562 is being accepted now and Form 8863 from February 14. Other forms, for which a delay...
IRS has published the list of forms affected by the early January changes to tax legislation. One of the forms is Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations which is one of the most common forms filed for United States...
US persons with foreign shareholdings exceeding 50% of a foreign corporation are advised to consider making a timely application to the IRS for consent to use the foreign corporation’s balance date for reporting purposes. This needs to be done on Form 1128...
Just a reminder that if you are a US person with interests in any of the following entities: * trusts created outside the US, into which you have transferred assets, or * companies formed outside the US, of which you are a 10% or greater shareholder, or *...
