Depending upon how foreign real estate is owned and/or controlled, a number of different tax reporting regimes may be implicated. Each of these has its own corresponding penalties and generally ...

Congress and the IRS have determined that taxpayers need yet an additional form to file in order to report foreign held assets. This latest filing requirement will add to the Form TD F 90-22.1 – ...

The Treasury and the IRS have released early draft instructions for the new Schedules K-2 and K-3 for 1065s, 1120-Ss and 8865s for tax year 2021. The new schedules themselves appeared on June 3 and 4.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Offshore companies and their shareholders face many other ...

The Internal Revenue Service and the Treasury Department released updated early draft versions Friday of Schedules K-2 and K-3 for pass-through businesses to report international tax information. The ...