Keyword: “foreign asset reporting” 284 related articles found
How To Identify And Report Fraud And Abuse In The IRS Efile Program

Taxation · 07/25/2025

How To Identify And Report Fraud And Abuse In The IRS Efile Program

This article explores how to identify and report fraud and abuse in the IRS electronic filing program. It defines the characteristics of fraudulent tax returns and potential abusive filing, as well as the procedures for reporting suspicious activities. The importance of protecting the integrity of the tax system is emphasized.

IRS Releases Tax Guide for Cryptocurrency and Nfts

Taxation · 08/07/2025

IRS Releases Tax Guide for Cryptocurrency and Nfts

This article discusses the principles for handling digital assets, such as cryptocurrencies and NFTs, in tax reporting for the year 2023. It emphasizes the necessity for taxpayers to report relevant transactions accurately on their tax returns and to record capital gains or losses in order to avoid potential tax issues.

Guide to Navigating International Tax Penalties

Taxation · 08/07/2025

Guide to Navigating International Tax Penalties

This article discusses how to address fines for international tax reporting. If you receive a notice from the IRS, it is important to verify the information and follow the provided instructions, which may help you avoid fines. Understanding the necessity of submitting tax returns can aid in preventing substantial penalties and interest.

US Virgin Islands Guam Employer Tax Guide Released

Taxation · 08/13/2025

US Virgin Islands Guam Employer Tax Guide Released

Publication 80 – Circular SS is a tax guide designed for employers operating in the U.S. Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands. It covers key topics such as income tax withholding, employer reporting obligations, and employee tax responsibilities. This resource helps businesses ensure tax compliance while supporting employee development.

Mastering Shareholder Rights Your Investment Protection and Decision-making Power

Finance · 07/22/2025

Mastering Shareholder Rights Your Investment Protection and Decision-making Power

This article delves into the various rights of shareholders within a company, such as participation in decision-making, asset returns, and the right to information. It analyzes how these rights protect shareholders' investment security and decision-making capabilities, emphasizing the importance of understanding and upholding shareholder rights.

Ensure Accurate Tax Filing Common Mistakes Checklist

Taxation · 07/23/2025

Ensure Accurate Tax Filing Common Mistakes Checklist

This article provides a comprehensive checklist for error checking in tax filings, assisting taxpayers in avoiding common mistakes when filling out forms to ensure accuracy and completeness, thereby reducing the risk of delays and financial losses. It covers several key aspects, including the benefits of electronic filing, reliance on accurate information, income reporting, and submission of schedules.

How To Cope With Threats Practical Guide To Protecting Yourself And Others

Lawyers · 07/25/2025

How To Cope With Threats Practical Guide To Protecting Yourself And Others

This guide offers practical advice on how to respond to various types of threats, including face-to-face, phone, and electronic threats. It emphasizes the importance of staying calm, ensuring safety, and promptly reporting to law enforcement when faced with a threat. Additionally, it advocates for active intervention by witnesses to help maintain a safe environment.

Beware Of Tax Fraud IRS Reveals Common Scams And Risks

Taxation · 07/25/2025

Beware Of Tax Fraud IRS Reveals Common Scams And Risks

The Internal Revenue Service (IRS) warns the public to be vigilant against various tax fraud schemes. It emphasizes the importance of choosing reliable tax preparers and identifying fraudulent tax schemes. The IRS advises against the pitfalls of non-reporting and advocates for education to enhance individuals' ability to recognize such schemes, thereby protecting their assets and legal rights.

Understanding the IRS Media Resource Center

Taxation · 07/25/2025

Understanding the IRS Media Resource Center

The Internal Revenue Service (IRS) has established a multimedia center that offers a wealth of tax resources for media professionals, including videos, audio, and printed materials to easily access the latest tax information. This platform also supports language diversity and provides timely updates through social media. The IRS's mailing subscription service helps journalists track tax news, enhancing reporting accuracy.

Mastering Car Business Expense Deductions To Easily Reduce Tax Liability

Taxation · 07/23/2025

Mastering Car Business Expense Deductions To Easily Reduce Tax Liability

This article provides a detailed analysis of expense deduction methods for cars used for business purposes, including the pros and cons of the standard mileage method and the actual expense method, as well as considerations for depreciation calculations and tax reporting. It aims to assist self-employed individuals in managing their taxes effectively to achieve optimal expense deductions.

A Guide to U.S. Rental Deposits: Tips to Avoid Deductions

Apartment Rental · 07/15/2025

A Guide to U.S. Rental Deposits: Tips to Avoid Deductions

This article discusses tips for reducing security deposit deductions when renting in the US. It emphasizes the importance of carefully reading the lease, understanding laws and regulations, promptly reporting damages, maintaining the property, and preparing before moving out. By following these measures, tenants can effectively protect their rights and increase the likelihood of receiving their full deposit back.

IRS JCT Intensify Scrutiny of Highvalue Tax Refunds

Taxation · 08/12/2025

IRS JCT Intensify Scrutiny of Highvalue Tax Refunds

This article explores the complex process of federal tax refund and credit audits in the United States, highlighting instances where refund claims exceeding $2 million require IRS review and congressional reporting. It details the preparation for refund cases, the audit process, and circumstances not applicable to JC refund cases, providing practical guidance for taxpayers facing IRS audits.

Mastering Home Equity How To Effectively Manage And Increase Your Home Value

Finance · 07/23/2025

Mastering Home Equity How To Effectively Manage And Increase Your Home Value

This article provides an in-depth analysis of the concept of home equity, its calculation methods, and how to effectively leverage this asset for borrowing. By understanding the mechanisms of home equity generation and strategies for increasing it, readers can better manage their personal finances and achieve wealth growth.

Best Gold IRA Investment Companies for 2025 Building a Solid Retirement Portfolio

Finance · 07/22/2025

Best Gold IRA Investment Companies for 2025 Building a Solid Retirement Portfolio

The article outlines the best Gold IRA investment companies for 2025. A Gold IRA is a self-directed retirement account that allows investors to hold precious metals such as gold. Recommended companies include Augusta Precious Metals, Birch Gold Group, and iTrustCapital, which assist investors in better asset allocation and management.

Rogers and Burrys Stock Exits Signal US Market Concerns

Finance · 08/06/2025

Rogers and Burrys Stock Exits Signal US Market Concerns

Investment legends like Rogers and Berra have gradually exited the US stock market, opting to hold cash and gold, signaling potential market turmoil. Berkshire Hathaway is also reducing its holdings in US stocks, demonstrating caution towards future market conditions. Investors should remain vigilant about potential risks and develop asset protection strategies.