Due to the COVID-19 pandemic, the Treasury Department and the IRS, pursuant to its authority in IRC Section 7508A, has extended the time to file certain petitions with the U.S. Tax Court.
The IRS continues to provide relief to taxpayer as a result of the COVID-19 pandemic. Today, April 9, 2020, the IRS expands this relief to additional returns, tax payments and other actions.
Tax Attorney Gary Slavett will speaking at the upcoming Beverly Hills Bar Association webinar on COVID-19 Administrative and Legislative Relief.
IRS temporarily adjusts and suspends key compliance programs to help people facing the challenges of COVID-19 issues.
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.