IRS released Notice 2011-55 yesterday. FATCA under HIRE Act brought about many changes to the Passive Foreign Investment Companies (PFIC) reporting regime and made Form 8621 mandatory for all taxpayers who have invested in PFICs – commonly in foreign mutual funds. This reporting is applicable for all tax years beginning after March 18, 2010, commonly, for 2011 [...]
Archive for June, 2011
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Top Posts
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Recent Posts
- Court Reluctantly Agrees to Rule on Question Parties Asked, Finding Employee Had to Include Forgiven Interest in Income
- How much Taxpayer information is currently being exchanged by US?
- Tax Court Decides Heavy Duty Tractor Trailer Not a Vehicle Designed for Off-Highway Transportation, Denies Refund of Diesel Fuel Tax
- Final Regulations Issued on §104(a)(2) Damages for Physical Injuries or Sickness Income Exclusion
- Partial Release of Power of Appointment Allows Use of Minimum Distributions to Extend Payout from Qualified Plan and for Rollover to Inherited IRA
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Recent Comments
- John Zimmerman on Arizona Department of Revenue Statement on 2008 Net Operating Losses
- Cindie Hubiak, CPA on Reading, A Good Way to Make Time Fly
- CPA State Society Blog Roundup – December 9, 2011 on Inability to Sell Home in Bad Real Estate Market Doesn’t Gain Taxpayer Late Rollover Relief
- J. Michael Stolp on Perspective During this Holiday Season
- Frank on IRS Releases Annual Revenue Procedure on Adequate Disclosure on a Tax Return
Categories
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Authors
Arizona Society of CPAs
J. Michael Stolp
mhstpt
Robert K Minniti, CPA, CFE, Cr.FA, CVA, CFF, MBA
Ed Zollars, CPA
Jason Washo, CPA, PFS
dsscpa
cguerriero
Cindie Hubiak, CPA
Jose Herrera
Heidi Frei
Joseph Velez, Attorney
Greg Lane, CPA, CFP®
cpaglobaltax
Molly Montgomery, CPA
