Form 1040: Similar to a Postcard, But …With (LONG) Letters Attached

Looks to me like the Internal Revenue Service (IRS) is doing the “shuffle”!  The draft Form 1040 for 2018 certainly looks shorter, but closer inspection shows the IRS is merely shuffling the workload onto Schedules. Right now, the IRS is very busy keeping pace with the changes wrought by the Tax Cuts & Jobs Act … Continue reading Form 1040: Similar to a Postcard, But …With (LONG) Letters Attached

US Tax Perils of International Community Property

US tax liabilities and requirements to file US tax and information returns are impacted by community property laws that exist in many foreign countries across the globe.  Today’s blog post will examine some of these issues and set the stage for upcoming posts dealing with community property in the international context and how it affects … Continue reading US Tax Perils of International Community Property