U.S. filing requirements mean you may also need to file tax forms and returns if you’ve bought, inherited, been gifted, or otherwise acquired assets outside of the U.S. We all know that tax season ...
U.S. persons who invest in foreign activities often have U.S. reporting obligations. A common international reporting requirement for many U.S. persons is IRS Form 5471, Information Return of U.S.
The Internal Revenue Service has begun sending notices to high-income taxpayers who haven't been filing tax returns since 2017. The initiative is starting this week with IRS compliance letters being ...
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