Anthony Parent

With the tax industry finally coming to understand the implications and effects of GILTI, Congress is looking to add significant amendments.

We all want our problems solved as quickly and painlessly as possible, but when it comes to the IRS, taxpayers need to meet certain requirements before they can effectively resolve their tax debts.

Starting a business, hanging out a shingle, working for yourself, being your own boss: however you put it, being self-employed can be exciting and fulfilling, but with great autonomy comes unexpected responsibility.

Congress is poised to impose the same information reporting requirements on cryptocurrency as it does on other accounts and assets.

Paying taxes in more than one jurisdiction? Wondering what to do next? Start here.

There are many things for a U.S. taxpayer to keep in mind when preparing their form 5471. Here is one of them.