New FATCA Form Instructions Published, Critiqued

Last week the IRS updated the instructions for a pair of important forms:  Form @-8BEN-E, “Certificate of Status of Beneficial Owner for United States Tax” and Form 8966, “FATCA Report.”  Tax Analysts contacted two leading practitioners, Deborah J. Pflieger of EY, Laurie Hatten-Boyd of KPMG, and Cheryl S. Riedlinger of … Continue reading

Forbes: 13 Tips to Make An IRA Last Longer

Although majority of the $5.3 trillion (and growing) in assets currently held in individual retirement accounts will be spent by retirees to support themselves in retirement, a significant portion will also be left to heirs.  Forbes has written an article with tips regarding how to ensure that the tax advantages … Continue reading

IRS Publishes “Taxpayer Bill of Rights”

On Tuesday the IRS announced that it would adopt a Taxpayer Bill of Rights in the latest version of Publication 1.   Like the US Constitution, the Internal Revenue Code defines certain rights applicable to all governed by the document.  Unlike the US Constitution, however, the rights contained in the … Continue reading