The National Taxpayer Advocate’s Objectives Report to Congress for Fiscal Year 2016 contained the Taxpayer Advocate’s eleven areas of focus for 2016. Statement Area of Focus #4, The IRS’s Implementation of FATCA Has in Some Cases Imposed Unnecessary...
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...
Like New Zealand, the United States’ penalty framework aims to encourage voluntary compliance by taxpayers with all aspects of tax administration. This includes: filing accurate and truthful returns on time, and; paying tax on time. The Internal Revenue Service...
Internal Revenue Service (IRS) Commissioner John Koskinen addressed attendees at the AICPA tax conference earlier this month in Washington DC. “It promises to be another complicated filing season, and not just because of our budget situation”. “Along...
