FATCA introduced a new reporting and tax withholding regime, effective July 1, 2014, that is directed at both foreign financial institutions and nonfinancial foreign entities to prevent tax evasion by U.S. citizens and residents through use of offshore accounts.
Recent IRS guidance modifies the rules for determining the value of a distressed mortgage that the taxpayer can include as a real estate asset for purposes of the REIT asset test.
To get through the rigors of tax season, CPAs depend on their tax preparation software. Here's how they rate the leading professional products.
