We are pleased to announce that Igor Drabkin and David Warner will be speaking in an upcoming Strafford live webinar, “FBAR 2020 Update: FinCen Form 114, Deadlines, Extension, Penalty Resolution, and Waiver Provisions” scheduled for Thursday, July 16
California Department of Tax and Fee Administration (CDTFA) recently announced new relief provisions for filing of Sales Tax returns and payment of sales taxes in light of the COVID-19 pandemic.
In the recent days, the IRS and state tax agencies have issued several announcement related to the deferral of tax filing and tax payment obligations. Here’s a summary related to California State Tax Agencies.
The Treasury Department announced today relief for the tax payment deadline for individuals and businesses affected by Coronavirus.
Giving up your U.S. citizenship is considered a taxable event, i.e. the IRS treats the date of the renunciation (or technically, the date before the renunciation) of the citizenship as a date of the virtual sale of the assets at a market price.