The new annual information returns
!-- -- Early last year, the tax authorities issued Revenue Regulations (RR) No.
For incentive stock option exercises and transfers of stock acquired under employee stock purchase plans in 2017, the employer must furnish employee information statements no later than January 31, 2018 and must file information returns
with the IRS no later than February 28, 2018 (or April 2, 2018 if filing electronically).
In recent years, the authors have seen more frequently that, in addition to needing more time to file an income tax return, a taxpayer may not have enough information to file a complete and accurate international information return
. Filing an extension can allow more time to file such information returns
The Internal Revenue Code (IRC) requires the filing of a number of different information returns
with respect to foreign entities or transactions.
* Filing with the IRS the 2015 Form 1094-B, Transmittal of Health Coverage Information Returns
; the 2015 Form 1095-B, Health Coverage; the 2015 Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns
; and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, from Feb.
Due date modifications: The act sets new due dates for partnership and C corporation returns, as well as for Fin-CEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), and several other IRS information returns
Failure to follow these new reporting requirements are subject to the penalty for failure to file information returns
The Internal Revenue Service (IRS) has published a draft version of Form 1094-B, the form insurers are supposed to use to submit health coverage information returns
In 1958, when the Service employed 60,000 workers, there were about 300 million information returns
to processed and compared to about 130 million taxpayer returns.
IRS matches information returns
with taxpayers' income tax returns to see if taxpayers have filed returns and reported all their income.
Foundation Information Returns
, and Tax-Exempt Organization
Tax-exempt organizations can file their information returns
for tax year 2004 electronically via a new free Web service launched by the National Center for Charitable Statistics (NCCS).