After more than two weeks of hiatus, we have news that the IRS will commence processing 2018 tax returns on January 28, 2019. The IRS, the revenue agency of the US government, currently has 90% of its workforce on leave without pay. Tax Refunds In a departure from the...
The IRS has a contingency plan in place, the Lapsed Appropriations Contingency Plan (‘contingency plan’), in preparation for the US government shutdown which is currently occurring. The 120-page document details what areas of the IRS will shut down, and what...
The Internal Revenue Service has announced the end of the Offshore Voluntary Disclosure Program (OVDP). The deadline for full and final submissions has been announced as 28 September 2018. The OVDP program has been around in one form or another since 2009. It is...
The 2015 enactment of the Fixing America’s Surface Transportation (FAST) Act gave the Internal Revenue Service the authority to start revoking or denying passport applications of taxpayers with ‘seriously delinquent tax debts’. ...
Even if your income levels fall below the filing thresholds for U.S. individual income tax returns, it is recommended that a U.S. return still be filed. Filing a tax return starts the statute of limitations running, whilst any year during which a return is not filed...
