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Tax relief for victims of Typhoon Soudelor

Victims of Typhoon Soudelor that began on Aug. 1, 2015, in parts of the Commonwealth of the Northern Mariana Islands may qualify for tax relief from the Internal Revenue Service. Following recent disaster declarations for individual assistance issued by the Federal Emergency...

Posted On Aug 10 2015 06:00

, By Jun Dayao

Cash transactions of $10K or more must be reported

The Internal Revenue Service reminds businesses in U.S. territories that they must file Form 8300 when they engage in cash transactions in excess of $10,000. Businesses must file Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business, with the U.S....

Posted On May 25 2015 06:00

, By Jun Dayao

NMC: Statements of account acceptable in place of 1098-T

The Northern Marianas College continues to work on issuing out Form 1098-T to its students. Meanwhile, the college said, statements of account have been and will be accepted by the CNMI Division of Revenue and Taxation as an acceptable substitute. If eligible, students can use...

Posted On Mar 16 2015 04:00

, By Dennis B. Chan

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Tax relief for victims of Typhoon Soudelor

Cash transactions of $10K or more must be reported

NMC: Statements of account acceptable in place of 1098-T

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