We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
USA - February 24 2012
On Feb. 23, the U.S. Department of the Treasury, through its Community Development Financial Institutions (CDFI) Fund, announced that $3.6 billion in new markets tax credits were awarded in the ninth round of the New Markets Tax Credit program (NMTC Program).
USA - January 13 2012
Last week, the IRS issued a new Form 8937 (and accompanying instructions) that corporations must use to report information relating to certain transactions that affect the stock basis of their shareholders.
USA - January 10 2012
On January 9, 2012, the Internal Revenue Service (IRS) announced another opportunity for U.S. taxpayers to voluntarily inform the IRS of previously undisclosed foreign financial accounts in hopes of avoiding criminal prosecution and to reduce civil penalties.
United Kingdom, USA - August 25 2011
As the result of a recent and long-awaited IRS ruling, U.S. domiciliaries resident in the UK have a useful tool at their disposal to minimize their overall U.S. and UK income tax liability.
USA - June 21 2011
The Treasury Department and Internal Revenue Service (together, Treasury) have recently provided U.S. taxpayers additional guidance regarding the terms and deadlines for filing the Form TD 90.22-1 (FBAR) and for participating in the 2011 Offshore Voluntary Disclosure Initiative (OVDI).
