Below please find daily updates pertaining to the latest in financial, business, and tax news:
The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty....Wed, May 12, 2021
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion....Thu, Apr 15, 2021
The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021....Mon, Feb 22, 2021
The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. ...Thu, Dec 10, 2020
The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. ...Tue, Nov 17, 2020
The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. ...Tue, Nov 17, 2020
The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). ...Tue, Oct 20, 2020
French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. ...Tue, Oct 20, 2020
The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. ...Tue, Sep 22, 2020
Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020....
The post NTA Blog: Math Error Part I appeared first on Taxpayer Advocate Service. ...
The post TAS Tax Tip: Don’t wait – check your withholding now and report changes in circumstances to avoid a possible tax bill next year appeared first on Taxpayer Advocate Service. ...Thu, Jul 22, 2021
Case in Point: Harvard Tax Clinic, a Low Income Taxpayer Clinic (LITC), responded to a request for public comment with […] The post NTA Blog: You Too Can Make a Difference in Tax Administration appeared first on Taxpayer Advocate Service. ...
The post NTA Blog: Inconsistent Tax Treatment Causes Draconian Results for Low- and Middle-Income Purchasers of Marketplace Health Insurance appeared first on Taxpayer Advocate Service. ...Thu, Jul 15, 2021
The post TAS Tax Tip: Ten Things to Know About Advance Child Tax Credit Payments appeared first on Taxpayer Advocate Service. ...Mon, Jul 12, 2021
The post TAS Tax Tip: Check out our new 2021 Child Tax Credit & Advance Payment Option Get Help page appeared first on Taxpayer Advocate Service. ...Fri, Jul 09, 2021
The post Taxpayer Advocate Service expands customer service in Utah through recent office merger appeared first on Taxpayer Advocate Service. ...Thu, Jul 08, 2021
The post 2021 IRS Nationwide Tax Forums will feature TAS seminars appeared first on Taxpayer Advocate Service. ...
The post NTA Blog: Weathering the Storm: Proactive Steps the IRS Can Take to Improve Taxpayer Service and Communication appeared first on Taxpayer Advocate Service. ...
The post National Taxpayer Advocate assesses tax filing season and identifies areas for IRS improvement in mid-year report to Congress appeared first on Taxpayer Advocate Service. ...
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