The reporting of foreign financial assets and accounts has become a familiar part of the federal filing process for many taxpayers. Depending on the circumstances, relevant information must be reported … Continued

The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling … Continued

The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and … Continued