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Summary of FATCA Reporting for U.S. Taxpayers
Oct 08, 2017 - 3:12 PM - by TaxGuru
Per IRS, Taxpayers may have to report information about foreign financial assets and accounts.

The Foreign Account Tax Compliance Act (FATCA) is an important development in U.S. efforts to combat tax evasion by U.S. persons holding accounts and other financial assets offshore. The Treasury Department and the IRS continue to develop guidance concerning FATCA. For current and more in-depth information, please visit FATCA.

Under FATCA, certain U.S. taxpayers holding... [Read More]
IRS is providing Help for Victims of Hurricane Harvey
Oct 08, 2017 - 3:01 PM - by TaxGuru
The IRS is providing help to the victims of Hurricane Harvey. Special tax relief and assistance is available to taxpayers in the Presidential Disaster Areas.

Hurricane Harvey Relief


The IRS is offering relief to individuals who reside or have a business in Aransas, Austin, Bastrop, Bee, Bexar, Brazoria, Burleson, Calhoun, Chambers, Colorado, Dallas, De Witt, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Grimes, Hardin, Harris, Jackson, Jasper,... [Read More]
Really Need Help Asap With 1098 -t Forms Please!!!
Jul 08, 2017 - 10:48 AM - by burd598


Hello,

I am trying to prepare my 2013 return and as in other years, I received a 1098-T for education... [Read More]
"2011 return never received" (?)
Mar 05, 2017 - 4:04 PM - by bettes48ibew
A few years ago my wife and I had separated. It was time to file taxes for 2011 so I filed as "married filing separately" as I had no paperwork or information from her for a joint return. Meanwhile for 2011 she did not file at all.

Years later we were back on good terms and for financial reasons we adjusted 2011's year's filing status to "married filing jointly" instead of "married filing separately" using form 1040X. (Since technically we were... [Read More]
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