Federal tax law has long required taxpayers to report their receipt of foreign gifts and inheritances and certain transactions with foreign trusts on IRS Form 3520. Although the IRS aggressively enforces this...
Category: Blog
Texas Court Vacates FinCEN Beneficial Ownership Reporting Rule for Non-Financed Real Estate Transactions
March 30, 2026
The Treasury Department is having a hard time getting beneficial ownership reporting off the ground, with the U.S. District Court for the Eastern District of Texas most recently vacating a reporting rule just as it was set to...
Meadows Collier Partners Submit Comments on Proposed Updates to the IRS’s Voluntary Disclosure Practice
March 23, 2026
Firm partners Jeffrey M. Glassman and Matthew L. Roberts, through their respective leadership positions in the State Bar of Texas Tax Section, recently submitted comments to the Internal Revenue Service...
From the time the IRS disallows a taxpayer’s refund claim, the taxpayer has only two years to file a lawsuit in federal court. Similarly, the IRS has only two years to pay a refund after a disallowance. Accordingly, many...
Federal tax law requires U.S. persons to report their international activities on information returns. With increasing globalization, more U.S. citizens and residents are finding themselves in the IRS’s crosshairs...