Washington (Feb. 25, 2004) -- Two notices just issued by the Treasury Department and the Internal Revenue Service aim to cut down several foreign tax credit abuses. Notice 2004-19 describes the ...

The Federal Inland Revenue Service (FIRS) has issued new guidelines to clarify the tax implications of foreign currency (FCY) transactions for taxpayers, tax practitioners, and tax officials. The ...

The Internal Revenue Service and the Treasury Department plan to defer for one year the effective date of final regulations pertaining to foreign currency used by multinational companies' business ...

Suppose your client decides to invest in the stock of a European company that is not traded in the United States. How would he report the transactions for tax purposes? Clients may come to you seeking ...

Proposed regulations (REG-124850-08) issued Tuesday by the IRS provide guidance on information reporting of transactions with foreign trusts and the receipt of large foreign gifts. The rules are, in ...

Credit cards and banking specialist Jenn Underwood brings over 16 years of personal finance experience to the table. After a decade of teaching courses in banking, debt reduction, budgeting and credit ...