Please note that this program was produced prior to the release of IRS Rev. Proc. 2015-20 which modified the requirements as to when a Form 3155 needs to be prepared and filed. The tax preparer should familiarize yourself with the new Revenue Procedure when determining whether a Form 3115 needs to be filed
Parts of this program were modified by the release of IRS Rev. Proc. 2015-20 after the program was taped. Please refer to the Revenue Procedure
The 9th Circuit Court of Appeals has held that two unmarried individuals that jointly own a home are EACH entitled to interest on $1.1 million of qualifying indebtedness rather than splitting it as The IRS and the Tax Court said. The Court held that...
Dan, I have a few questions regarding these returns.
I see that this is the initial return....
As sometimes happens, the return is probably wrong.
Just for kicks, I've attached the relevant pages of the 2013 (first year) and 2014...
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IRS FBAR penalty conduct was capricious, so late...
For those of you who are readers of my blog, this...