In Mukhi v. Commissioner, 163 T.C. No 8 (slip op.) (Nov. 18, 2024), the U.S. Tax Court reaffirmed its decision in Farhy v. Commissioner, 160…
“Puerto Rico Act 22, Individual Investors Act” is one of the campaigns listed on the Internal Revenue Service’s (“IRS”) website. The campaign mainly targets taxpayers…
Did you know that if an individual or business receives $10,000 or more of cash as part of a transaction they have a legal obligation…
Due to COVID impact on the struggling taxpayers and as a help to the IRS to return to the normal operations for 2023 tax filing…
In a recent case concerning the civil penalties for failing to report non-U.S. financial accounts on the Foreign Bank Account Report, the U.S. Court of…