Volume 5 Number 5    |    Read Article

By Elizabeth V. Zanet

The I.R.S. Large Business and International division (“LB&I”) recently announced compliance campaigns that are principally directed at compliance in cross-border fact patterns. Included are campaigns to address (i) non-compliance with respect to Form 3520, (ii) compliance issues related to Form 1042, (iii) nonresident, non-citizen individuals inappropriately claiming tax treaty exemptions, (iv) nonresident, non-citizen individuals inappropriately claiming itemized deductions on tax returns, and (v) inappropriate credits claimed by nonresident, non-citizen individuals. Elizabeth V. Zanet looks into the various campaigns and places into context the effect on individuals.    See more →