...complete a “FATCA Compliance Certificate”. The reason for the request is that India and the US signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA), which allows...
...taxes or file past returns with no penalties and reduced interest. “We are pleased to offer taxpayers a chance at compliance and a fresh start through the New Jersey Tax...
...system or procedure is not working as it should. It is led by the taxpayer advocate, who is required by statute to submit two annual reports to the House Committee...
...filing compliance procedures that will remain in place and be available to eligible taxpayers. But, as with OVDP, the IRS said it may end the streamlined filing compliance procedures at...
...increase penalties it levies against offshore tax evaders. Under US law, Americans and others with US tax obligations, such as greencard holders, must disclose any foreign financial accounts worth more...
...phasing out exemptions, are significantly increased. In addition, these figures will be indexed for inflation in future years. Child tax credit: The child tax credit (CTC) is doubled from $1,000...
...bar association) or buy a lot of supplies for your job (e.g., professional musicians buying new instruments) that you normally deduct on your taxes, you’ll want to buy everything you...
...financial accounts. Now is the time to become tax compliant, there are various options to achieve this. You may want to participate in the IRS’ Streamlined Filing Compliance Procedures (SFCP)...
...901) Foreign Tax Credit Section 956 Avoidance Enterprise Activities: Energy Efficient Commercial Building Property Geographic Practice Area: Eastern: Agricultural Chemicals Security Credit Northeastern: Deferral of Cancellation of Indebtedness Income Western:...
...mailed in the envelope provided. When you mail in your payment be sure to include the bottom part of the notice so that the IRS can properly credit the payment...
...with hundreds of clients regarding their offshore compliance issues. Patel Law Offices is a law firm dedicated to helping clients resolve complicated tax, criminal tax, and international tax problems. Our...
On March 7th, the New Jersey Department of Revenue released its “Manual of Audit Procedures” to the public, which is intended to provide a comprehensive overview of the procedures and...
