TAX BLOG | phoenixitin

Arizona Voluntary Disclosure and Compliance Program Overview

If you are non-filer who has not filed tax returns for years, chances are you are delinquent on your state filing obligations as well....

PK.Ganapathy

Jan 19, 20243 min read

Nonresident Aliens Who Own U.S. Real Property: A Primer

My article was published in the EA Journal recently. Check it out using this link (requires NAEA membership). If not, please see the...

PK.Ganapathy

Apr 21, 20229 min read

IRS Letter 6339

I heard that IRS has started issuing Letter 6339 to taxpayers. This letter informs a taxpayer that they may have foreign accounts that...

PK.Ganapathy

Mar 3, 20221 min read

IRS is stepping up its audits

After the long pandemic, IRS is looking to step up its Collection Enforcement. Taxpayers can expect to get letters from the IRS about...

PK.Ganapathy

Jun 19, 20212 min read

Responsibilities of a Foreign Rental Real Estate Investor

Congratulations, Foreign investor, on your purchase of a good rental real estate property in the United States! Of late, a lot of foreign...

PK.Ganapathy

May 23, 20212 min read

Real Estate Rentals for Nonresidents

Of late, I have been getting calls from realtors, who are representing their Canadian (predominantly) clients sell their US rental...

PK.Ganapathy

May 23, 20212 min read

CNC-Currently Not Collectible

If you have a high balance owing to the IRS, and you are having a tough time making ends meet, then Currently Not Collectible (CNC) is a...

PK.Ganapathy

May 17, 20211 min read

Where to make payments?

Once a tax return is complete, clients ask me how they can make their individual income tax payments to the IRS or to the various states....

PK.Ganapathy

Apr 18, 20211 min read

Obtaining AZ Withholding without W-2

Recently I was working on a Tax resolution case where a non-filer client had not filed Federal Income tax returns (1040) since 2011. IRS...

PK.Ganapathy

Jan 17, 20212 min read

Do you have un-filed returns for multiple prior years?

If so, IRS is proactively going after persons who have not filed income tax returns for multiple years. If you are making $100,000 or...

Krish (PK) Perinkulam

Dec 17, 20201 min read

Are your Indian banks withholding up to 31% of Interest payments from your bank account?

In general, it is difficult for the tax authority of a country to enforce its internal tax laws on foreign residents. That is why, most...

Krish (PK) Perinkulam

Jan 6, 20203 min read

Did you receive a letter from IRS about virtual currency / crypto-currency reporting?

Last week, the IRS began sending educational letters to taxpayers with virtual currency transactions that potentially failed to report...

Krish (PK) Perinkulam

Jul 29, 20191 min read

I have left Canada, what do I do with my rental properties?

In my prior blog, I wrote about how Canada and US taxes your income, and how your properties (including your rental properties) are...

PK.Ganapathy

May 2, 20195 min read

Canadians looking to move to the US

Recently, a tax client informed that he was moving to the US from Canada. He had owned a couple of rental properties in Canada, as well...

PK.Ganapathy

May 2, 20193 min read

ITIN Application Process

I am a Certifying Acceptance Agent for ITINs (Individual Tax Identification Numbers). This means, I am authorized to review the source...

PK.Ganapathy

Sep 8, 20182 min read