Refine your search
1,237 results found
Koley Jessen PC | USA | 20 Jun 2023
Applying Tax Refunds To Next Year’s Taxes Results In Denial Of Discharge (Miller v. Wylie)
Taxpayers can elect to have their tax refunds applied to pay their next year's taxes. But a taxpayer in (or about to be in ) bankruptcy had better…
The Legal Co. | Thailand, USA | 5 Jun 2023
The US Internal Revenue Service has developed an IDES platform for International Financial Institutions to file under FATCA
Foreign Account Tax Compliance (“FATCA”) is a rule implemented by the United States with the goal of preventing tax avoidance by US taxpayers using…
Kozusko Harris Duncan | USA | 16 Mar 2023
Complying with new US FinCEN beneficial owner register: substantial control and 25% ownership interest tests
This article is the second in a series on how to get ready to comply with the new US Department of the Treasury's Financial Crimes Enforcement Network beneficial owner register. This article discusses how to find out which persons are exempt from being reported as beneficial owners and goes into detail regarding the substantial control test, the 25% or more ownership test and the calculation......
Kozusko Harris Duncan | USA | 2 Mar 2023
Using 2023 to get ready to comply with new US FinCEN beneficial owner register
The US Department of the Treasury's Financial Crimes Enforcement Network recently released final regulations regarding a federal beneficial owner register for entities established under the law of a US state. The register will include details for US companies in a family's succession planning structure, and advisers should begin in earnest to understand the rules and gather the required details.
Eversheds Sutherland (US) LLP | USA | 6 Feb 2023
Michigan Court of Appeals holds MBT business loss carryforward cannot be claimed on taxpayer’s first corporate income tax return
On January 19, 2023, the Michigan Court of Appeals held that a taxpayer, transitioning from the Michigan Business Tax (MBT) to the Corporate Income…
Golding & Golding, International Tax Lawyers | USA | 28 Mar 2022
Have You Never Filed U.S. Tax Returns?
Each year around tax season, some US Taxpayers come to the (unfortunate) realization that they should have been filing tax returns in one or more…
Duane Morris LLP | USA | 15 Jul 2021
IRS Warns of Ongoing and Pandemic-Related Tax Scams
Each year, we share with you what the IRS calls its “Dirty Dozen” list of tax scams. This year, the pandemic has given rise to new, and even more…
Duane Morris LLP | USA | 14 Apr 2021
Better Late Than Never ‒ IRS Confirms May 2021 Tax Payments Will Be Credited in Same Month
The key is the overpayment must have existed as of April 15, not created in anticipation of the delayed filing date of May 17, 2021. As we reported…
Fried Frank Harris Shriver & Jacobson LLP | USA | 16 Apr 2020
IRS Delays in Processing EIN Applications for Non-U.S. Entities
In response to the Coronavirus pandemic, the Internal Revenue Service (“IRS”) is operating at reduced capacity and is not processing applications by…
Ropes & Gray LLP | USA | 9 Apr 2020
Partnerships Are Now Allowed to File Amended Income Tax Returns for 2018 and 2019, Immediately — to Benefit from CARES Act, Without Delay
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), commonly referred to as Phase 3 of the federal government’s response to the…
