Tag Archive for Model 2 FFIs
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IRS Administration Of The Section 965 Transition Tax Contravenes Congressional Intent And Imposes Unintended Burden On TaxpayersWhen Congress passes legislation as comprehensive and technical as the Tax Cuts and Jobs Act (TCJA), drafting and implementation glitches inevitably arise. This week, I will discuss one that largely […]
How To Handle A Notice Of Substitute Tax Return FilingLetter 2566, Notice of Proposed Tax Assessment The first notice you’ll receive about a Substitute for Return (SFR) is typically a Letter 2566, Notice of Proposed Tax Assessment. When you receive this […]
Tax Obligations For Holding Foreign Real EstateIf a Canadian corporation holds foreign real estate, there are certain reporting requirements: A T1135 return must be filed if you own property with a cost of $100,000 Canadian dollars or more (see […]
Tax Professionals – Can You Answer This Partnership Question?We want to defer guaranteed payments in a partnership and still show it as a liability in the financial statements for GAAP purposes; however not in the K-1’s (as this will generate taxable income). […]- TaxConnections Drives New Business And Tax Jobs To Youhttps://youtu.be/gwe1g8bvypg Step Into The TaxConnections Spotlight To Drive New Business And Tax Opportunities To You. Take Action Today Click TaxConnections […]
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