October 22, 2021
Annemarie Aguanno- Author's Bio
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Final Foreign Partner Withholding Regulations To Be Deferred Until 2023
Final Foreign Partner Withholding Regulations To Be Deferred Until 2023 The IRS has announced that it intends to defer until 2023 the applicability of certain final regulations under Code Sec. 1446(a) and (f) relating to withholding of tax on foreign partners’ share of effectively connected income. Withholding Provisions on Transfers of Interests in Publicly Traded Partnerships DeferredThe amendments will […]
Read more- October 22, 2021
- Annemarie Aguanno
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IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date
IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date The IRS has reminded taxpayers to file their 2020 tax returns by the upcoming October 15, 2021 due date. Taxpayers must file on or before the extension deadline to avoid the penalty for filing late if they request an extension. […]
Read more- October 22, 2021
- Annemarie Aguanno
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Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters
Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. September is declared as the National Preparedness Month. Further, the IRS advised taxpayers to: secure critical […]
Read more- October 22, 2021
- Annemarie Aguanno
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Use of E-Signatures Approved for Certain Forms
Use of E-Signatures Approved for Certain Forms The IRS has allowed taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically. The Service has balanced the e-signature option with critical security and protection needed against identity theft and fraud. The IRS will accept a wide range of electronic signatures. Acceptable […]
Read more- October 22, 2021
- Annemarie Aguanno
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Tax Court Had Jurisdiction Over Innocent Spouse Case
Tax Court Had Jurisdiction Over Innocent Spouse Case The Tax Court had jurisdiction to determine the appropriate relief available to an individual who sought innocent spouse relief for two tax years at issue. Initially, the taxpayer submitted a request for innocent spouse relief for one tax year, which the IRS denied in a final determination. […]
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