IRS Announces Position on Unilateral APA Applications Involving Maquiladoras WASHINGTON –– The Internal Revenue Service today announced that U.S. taxpayers with maquiladora operations in Mexico will not be exposed to double taxation if they enter into a unilateral advance pricing agreement (APA) with the Large Taxpayer Division of Mexico’s Servicio de Administración Tributaria (SAT) under… Read More »
Many Victims of Hurricane Matthew Qualify for Late-Filing Penalty Relief; IRS Continues to Closely Monitor As Oct. 17 Deadline Approaches WASHINGTON — The Internal Revenue Service today advised taxpayers affected by Hurricane Matthew but not yet covered by a federal disaster declaration with individual assistance that they may qualify for relief from penalties if they… Read More »
Health Care Tax Tip HCTT 2016-73 October 12, 2016 Filing Extension Deadline Almost Here Double Check ACA Information on Your Return If you received an extension of time to file your 2015 federal tax return, you have until Oct. 17 to double check your return and information on it that is related to… Read More »
IRS Gives Tax Relief to Victims of Hurricane Matthew; Many Extension Filers in North Carolina Now Affected; Relief for Other States Expected Soon WASHINGTON –– North Carolina storm victims will have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, with similar relief expected soon for Hurricane… Read More »
IRS Grants Tax Relief Extension to Drought-Stricken Farmers, Ranchers; 37 States and Puerto Rico Affected If you are a farmer or rancher forced to sell your livestock because of the drought that affects much of the nation, special IRS tax relief may help you. The IRS has extended the time to replace livestock that their… Read More »
Tax-filing Extension Expires Oct. 17 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits IRS YouTube Videos: Reminders for Extension Filers: English | Spanish | ASL IRS Taxes: Three Easy Ways to Pay: English Mobile App -IRS2Go Mobile App: English | Spanish | ASL WASHINGTON — The Internal Revenue Service today urged taxpayers whose… Read More »
IRS Advises Taxpayers to Prepare for Hurricanes, Floods and Other Natural Disasters October 5, 2016 IRS YouTube Videos Preparing for Disasters: English | Spanish | ASL WASHINGTON —The Internal Revenue Service today offered advice to taxpayers who may be affected by storms or other natural disasters. The IRSalso reminded taxpayers that the agency is here… Read More »
Subject: Affordable Care Act Assurance Testing System (AATS) Information Returns Tax Year 2016/Processing Year 2017 Tax Year 2016 ACA AATS will open for testing on November 7, 2016 for Information Returns that will be processed in 2017. Special instructions about the functionality of AATS will be included on the AIR Program page. A2A Channel users: As a… Read More »
Foreign Trusts, Tax Year 2014 Foreign Trusts, Tax Year 2014—One table from the Foreign Trust study is now available on Tax Stats. The table presents data from Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner, and includes statistics for the number of returns, income, expenses, assets and net worth for Tax… Read More »
ACA and Employers: Terms to Know about Offers of Health Coverage Under the Affordable Care Act, certain employers – known as applicable large employers – are subject to the employer shared responsibility provisions. You might be thinking about these topics as you make plans about 2017 health coverage for your employees. If you are an… Read More »