Federal tax law requires U.S. persons to report their receipt of foreign gifts or inheritances. IRS Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign ...
Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The IRS Commissioner Danny Werfel announced some good news for ...
The federal filing deadline for most taxpayers remains April 15, 2026. This is the last day to submit a complete Form 1040 ...
Businesses that need extra time to file their tax returns can request an automatic extension using IRS Form 7004, Application for Automatic Extension of Time to File Certain Business Income Tax, ...
As Tax Day approaches, millions of Americans are preparing their returns, but missing the April 15 deadline could trigger a cascade of penalties and interest. For taxpayers who owe money, the ...
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