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SOI Tax Stats - SOI Bulletin: Summer 2006

IR-2023-136, July 27, 2023 — The Internal Revenue Service today invited public input on improvements to certain post-filing alternative dispute resolution (ADR) programs currently offered to taxpayers.

Application procedures to become a nonbank trustee or custodian

Explanation of Section 6038D Temporary and Proposed Regulations

Under FATCA, certain U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS on Form 8938, Statement of Specified Foreign Financial Assets. There are serious penalties for not reporting these financial assets. This FATCA requirement is in addition to the long-standing requirement to report foreign financial accounts on Form TD F 90.22-1, Report of Foreign Bank and Financial Accounts (FBAR).

Find answers to basic questions about Form 8938, Statement of Specified Foreign Financial Assets.

IR-2024-104, April 10, 2024 — As part of the Dirty Dozen campaign, the Internal Revenue Service warned wealthy individuals about three tax traps designed for them by dishonest promoters and shady tax practitioners.

IR-2023-175, Sept. 19, 2023 — The Internal Revenue Service has selected eight new members for the Electronic Tax Administration Advisory Committee (ETAAC).

Generally, assuming no other statutory exclusion applies, the amount by which the fair market value of the qualified parking fringe benefit exceeds the sum of the amount excluded from gross income and the amount paid by the employee (if any), is wages subject to federal income tax withholding, Federal Insurance Contributions Act tax, and Federal Unemployment Tax Act tax.

Headliners 149, 151, 153, 156, 158, 167, 172, 175, 180 and 182 have been combined to show all FAQs in this document. Answers to further questions are in development and this document will be updated as responses are received.