Form 8938
Both the Form 8938 and FBAR forms require U.S. Persons to report Foreign Accounts to the IRS.
foreign individuals
The tax professionals at AZ tackled many unique returns this year and found a trend: there's some confusion as to when foreign individuals may need to file a US return.
child tax credit
In March of 2021, Congress passed the American Rescue Plan Act (ARPA) and expanded the Child Tax Credit (CTC) temporarily.
The federal income tax filing and payment due dates for the 2020 tax year for individuals will be automatically extended from April 15, 2021, to May 17, 2021.
Year-End Planning
Complex trusts are allowed to deduct distributions made to beneficiaries.
Form 1040-NR
A few years ago, the IRS allowed e-filing for Form 1040-NR, U.S. Nonresident Alien Income Tax Return.
key PPP issues
Did you make large gifts to your children, grandchildren or other heirs last year?
Damage Calculations
The IRS has announced that it will begin accepting paper and electronic tax returns for the 2018 tax year on January 28.

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