IRS

If the next three months pass as quickly as the last three months have, the tax season will be upon us before we know it. And, if experience is any kind of teacher, no matter how thoroughly we have planned, there is always another line item, deduction or credit to think about — not tocontinue reading…

The IRS has some good news and some bad news for expatriates and taxpayers with foreign income. First, the bad news: The deadline for filing Form 114, the Report of Foreign Bank and Financial Accounts, is moving up a couple of months. The good news is that the new deadline is easy to remember: Aprilcontinue reading…

For any readers that doubt whether the Internal Revenue Service utilizes aggressive collection tactics, a webpage from the IRS’ website is informative. Although entitled as a factual overview of the collection due process service, the information is not entirely neutral. Specifically, one paragraph encourages taxpayers to pay the disputed tax amount in full before requestingcontinue reading…

The enormous legal battle that finally reached a resolution in the U.S. Supreme Court concerning same-sex marriage belies the importance the nation places on the institution of marriage. In spite of changes in societal mores, which have become much more permissive of divorce, an examination of marriage and its effects on couple’s finances demonstrates itcontinue reading…

The Internal Revenue Service (IRS) has issued a last-minute reminder that anyone with financial accounts located overseas may need to file a Report of Foreign Bank and Financial Accounts, which is done by use of Form 114, by June 30, 2015. The report is not filed with the IRS, instead, it goes to the Treasurycontinue reading…