Editorial team of TFX
Articles
ITINs Set To Expire Dec 31 2017 - Time To Renew
9N-72-NNNN - Does your ITIN look like this? It may be expiring on Dec 31 2017 ITINs are tax identification numbers for those that do not have a Social Security Number (SSN) and are ...
Don’t Believe the Hype; No Tax Holiday For Foreign Partners In U.S. Partnerships
Articles with controversial headers have flooded the usually stoic accounting community upon a recent Tax Court decision. ...
10 Proposed Tax Reform Changes & Impact On Americans Living Abroad (Expats)
1. No change to citizenship based taxation (CBT): First and most important - under the current House proposal the Worldwide Taxation system of the Individuals residing abroad would not change. The ...
Disaster Relief Deadline & Payment Relief
If your tax residence is in a disaster area -you should automatically be identified by the IRS and receive automatic extensions for filing as well as payment relief for Q4 2017. What deadlines are postponed? ...
Forms 1065 or 1065-B - Penalty Relief
On Sep 1, 2017 - the IRS issued information on penalty relief for certain partnerships that failed to file timely tax returns by the new due date, changed in the Surface Transportation and Veterans Health Care Choice Im...
Time to Renew ITIN
ITINs with middle digits 70, 71, 72 or 80 are set to expire at the end of 2017. Ie - example, 2NN-72-NNNN) More than 1 million taxpayers have expiring ...