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New Filing Date for Foreign Bank Account Return

By Amanda Wilson on Feb 24, 2017 in financial accounts, government, International, lowndes, taxing times, treasury, Foreign Operations

By:  Amanda Wilson If you have a foreign bank account (or signatory authority on a foreign bank account), you are required to file a Form 114 (commonly called an FBAR) if at any point during the calendar year the combined balance in all of your...

IRS Holding Off on Issuing Guidance

By Amanda Wilson on Feb 17, 2017 in IRS, regulations, treasury, Other, International

By: Amanda Wilson In response to President Trump's executive order requiring two regulations to be repealed for every new regulation issued and the regulatory freeze memorandum issued on Inauguration Day, an IRS official has stated that the IRS is...

Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...

Tax Regulations Subject to New 2-1 Rule

By Amanda Wilson on Jan 31, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson Yesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  This order applies to tax regulations (including...