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$1,000 per child additional child tax credit claim must be associated with current tax year ITIN or
In the past, taxpayers could claim a child tax credit on an amended or late-filed return with an SSN or ITIN obtained after the return's...
Daniel Gray CPA
Dec 14, 20161 min read
17 views
Can Trump’s lower corporate tax rate benefit or otherwise affect my business whose NOL carryforward
Can Trump’s lower corporate tax rate benefit or otherwise affect my business whose net operating loss (NOL) carryforward anyway reduces...
Daniel Gray CPA Toronto
Dec 6, 20162 min read
11 views
Social Security benefits tax forms available online
People who receive Social Security benefits can request tax forms online through my Social Security https://www.ssa.gov/myaccount/ One...
Daniel Gray CPA
Dec 3, 20161 min read
10 views
About IRS Refunds
Refunds What You Need to Know Expecting a refund? Some 2016 year filing Refunds must be held by IRS until Feb. 15 According to a new tax...
Daniel Gray CPA
Nov 20, 20161 min read
19 views
Amending a Streamlined Submission
On its amended FAQ page, the IRS states that in order to amend a Streamlined submission, a taxpayer can do the following: Correct the...
Daniel Gray CPA
Nov 17, 20162 min read
207 views
Trump, Ryan and the American people can become best friends if they do this one simple thing
If Donald Trump works with Congress to repeal U.S. Estate & Gift taxes (yes, Congress may think the same way as Donald -...
Daniel Gray CPA
Nov 16, 20161 min read
11 views
How to recognize an IRS scammer
The IRS does not initiate contact with taxpayers by email, text message or social media to request personal or financial information....
Daniel Gray CPA
Nov 11, 20161 min read
9 views
US Property sales & 8288 withholding filing
Two forms are generally used for reporting and paying the tax to the IRS regarding the acquisition of U.S. real property interests. Form...
Daniel Gray CPA
Oct 27, 20163 min read
679 views
ITIN expiry - the details, who is affected & FAQ
You May Need to Renew Your ITIN. All ITINs not used on a federal tax return at least once in the last three years will no longer be valid...
Daniel Gray CPA
Oct 27, 201610 min read
165 views
IRS Warn of Fake Tax Bill
The Internal Revenue Service today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to...
Daniel Gray CPA
Sep 23, 20162 min read
10 views
Feeding Treasury's Coffers within its September year-end Drives New IRS Filing Due Dates
Entity and 3520 Foreign Trust filing due date changes taking effect for the 2016 taxable year. For C Corporations the new due date is the...
Daniel Gray CPA
Sep 23, 20162 min read
14 views
How Dark Web steals and sells your info and ways to best deter them
The info is not specific to IRS and CPAs – I recommend that you access the recorded version (access described and linked below) to watch...
Daniel Gray CPA
Sep 23, 20161 min read
11 views
Don't waste your time completing the complex W-8BEN and W-8BEN-E, there is an IRS accepted short
The new forms were designed driven by FATCA and seek to collect information related to financial institutions. Often your W-8 need has...
Daniel Gray CPA
Sep 22, 20161 min read
29 views
A detailed critique of IRS ambiguity
United States Government Accountability Office September 2016 Report to Congressional Requesters found that The Internal Revenue Service...
Daniel Gray CPA
Sep 16, 20161 min read
6 views
USA-incorporated disregarded entities wholly owned by foreign persons proposed to file IRS Form 5472
Recently Internal Revenue Bulletin 2016-21 was released and proposes amendments to the regulations concerning Form 5472 applicable for...
Daniel Gray CPA
Sep 14, 20161 min read
28 views
Delivery service doesn't accept PO BOX, how do I mail to IRS?
Private Delivery Services should deliver returns, extensions and payments to the following Submission Processing Center street addresses...
Daniel Gray CPA
Sep 12, 20161 min read
821 views
IRS Mailbox Rule , Proof of Mailing and Acceptable Private Delivery Services as applicable to Canad
The 1998 Act modified the timely mailed, timely filed rule of Section 7502(a) to provide that if any return or other document or a...
Daniel Gray CPA
Sep 12, 20164 min read
735 views
Tax & Immigration Consequences of Renouncing U.S. Citizenship
Please contact our office to connect you with Max Reed of SKL. Renouncing is a personal decision – but there are a number of general pros...
Max Reed - SKL Tax
Sep 12, 20165 min read
188 views
Argue this to push back IRS on FBAR $10,000 penalty of delinquency
Could the below article by David E. Sites of Grant Thornton LLP create room to argue to IRS: 1) why other similar accounts cannot be...
Daniel Gray CPA
Aug 23, 20161 min read
38 views
Claiming U.S. Citizen Abroad Foreign Tax Credit Against The 3.8% Obamacare Surtax
John wrote an article on August 7, 2016 which discussed the August 5, 2016 decision of the United States Court of Appeals – District of...
John Richardson
Aug 19, 20166 min read
32 views
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