Interests in or transactions with foreign trusts can cause headaches for federal income tax purposes. Depending on the interest or transactions at issue, U.S. citizens or residents may have to file a ...
In the federal income tax world, there are effectively two functions within the Internal Revenue Service (“IRS”). First, the IRS examines tax years and tax returns to determine whether the taxpayer ...
Update, April 13: On Thurs., April 9, the U.S. Internal Revenue Service (IRS) extended the filing deadline for Form 4868 Application for Automatic Extension of Time To File U.S. Individual Income Tax ...