Posts Tagged ‘international tax gap’

TIGTA and the international tax gap

Posted on February 13, 2009, 8:54 am, by Phil, under International tax audits and enforcement, US tax laws and foreign business.

I am completely convinced that the phrase “international tax gap” is a marketing device coined by certain members of the Fedborg with specific intentions in mind. But I digress. The Treasury Inspector General for Tax Administration is an arm of the Treasury Department that investigates stuff and writes about it. Yesterday TIGTA released a report [...]

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IRS tells you about Form 3520. Hint, hint.

Posted on December 2, 2008, 9:54 pm, by Phil, under International tax audits and enforcement, US estate and gift tax for non citizens.

The IRS published the latest in its missives assailing the infernal international tax gap, this one about reporting gifts received from foreign sources. Translation: file that Form 3520 (PDF). Minimums? Receiving $100,000 or more from an individual, or $13,528 or more via an entity (like a corporation or partnership). Instructions to Form 3520 (PDF). There [...]

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