Internal Revenue Service Extends Filing Deadline to 15 July 2020 – Payment and Filing Due Dates Now Aligned

Internal Revenue Service Extends Filing Deadline to 15 July 2020 – Payment and Filing Due Dates Now Aligned

The agency has now extended the filing, as well as the payment due dates, for 2019 individual, trust, estate and other domestic returns to July 15, 2020. This advice was issued in Notice 2020-18, superseding Notice 2020-17. Notice 2020-18 refers to Affected Taxpayers...

IRS Announces April 15 Tax Payments Deadline 90-day Extension Due to Coronavirus

IRS Announces April 15 Tax Payments Deadline 90-day Extension Due to Coronavirus

Today the US government announced tax relief due to COVID-19 including: a 90-day extension on year-end tax payments for 2019, otherwise due on April 15 2020. The automatic waiver of interest and penalties upon receipt of these otherwise late payments. Individuals with...

Protected: Newsletter 25 February

Password Protected

To view this protected post, enter the password below:

Fresh IRS warning to taxpayers with seriously delinquent tax debt

Fresh IRS warning to taxpayers with seriously delinquent tax debt

Following on from the January 2018 measures introduced under the Fixing America’s Surface Transportation (FAST) Act, the IRS released Notice IR-2019-23 on Wednesday, 27 February 2019. The latest notice is a fresh warning to taxpayers with overdue debt. They are...

Trusts classification: what you don’t know can hurt you!

Trusts classification: what you don’t know can hurt you!

Are you getting the classification of your trust correct for US tax purposes? In 2018 the Internal Revenue Service started a campaign targeting foreign trusts’ failure to comply with the filing requirements of US owners[1] of foreign trusts, including ownership, and...

« Older Entries

Next Entries »