Form 1040-NR Archives

Tax News Briefs

Important Tax News You Can Use

Penalty Relief for 2019 and 2020 Tax Returns The Internal Revenue Service (IRS) is providing relief for taxpayers from certain failure-to-file penalties with respect to tax returns for the ... TheTaxBook

Nov/Dec 2022, Tax News Briefs, foreign, penalty, relief, COVID-19, PPP, SECURE Act, Form 1040, §6651(a)(1), Form 5471, Form 3520, Form 3520-A, RMD, Form 1040-NR, Form 1040-SS, Form 1040-PR, Form 1040-SR, Form 1040-C, Form 1041, Form 1041-N, Form 1040-QFT, Form 1120, Form 1120-C, Form 1120-F, Form 1066, Foem 990-PF, Form 990-T, international information returns, IIR, Form 5472, §6698(a)(2), §6698(a)(1), §6699(a)(2), §6699(a)(1), §6721(a)(2)(A), Setting Every Community Up for Retirement Enhancement Act, livestock, drought, Notice 2006-82, Notice 2022-43

Ethical Issues to Consider in Recent Tax News

Tax News Briefs

Ethical Issues to Consider in Recent Tax News

More Options to Correct Returns Electronically The Internal Revenue Service (IRS) has announced that more forms can now be amended electronically. These include people filing corrections to the Form 1040-N... TheTaxBook

Sept/Oct 2022, Tax News Briefs, ethics, estate, Schedule C, Form 1040, §162, Form 1040-NR, estate planning, business expense, IRC §162(a), §262, Form 1040-SS, Form 1040-PR, Form 1040-SR, Form 1040-X, §10.21, portability, spouse, DSUE, decedent’s spousal unused exclusion, decedent, Revenue Procedure 2022-32, Revenue Procedure 2022-1, Form 706, §6511(a), §10.37(a), §6694(a)(2), §6694(b)(2)

Nonresident Aliens Who Own U.S. Real Property: A Primer

Feature Article

Nonresident Aliens Who Own U.S. Real Property: A Primer

The United States (U.S.) tax system allows for residentsi and nonresidentsii to file a federal income tax return and pay any taxes owed by the due date of the return. Though the Internal Revenue Service (IRS) has various tools in its arsenal to go...

Mar/Apr 2022, Feature Article, real estate, Foreign Investment in Real Property Tax Act, FIRPTA, FDAP, nonresident alien, IRC 7502, §1441, Form 8288, Form 8288-A, Form 1040-NR, ITIN, §871(d)