IRS Continues to Gain Ground on the Reporting of Offshore Income
FollowWhat America does not know, is that the Internal Revenue Service (I.R.S.) now has all of the tools necessary to find an American’s assets and sources of income. A key component of the federal government’s tax compliance among U.S. taxpayers is the Foreign Account Tax Compliance Act (FATCA). Two new pieces of tax legislation […]
Follow What America does not know, is that the Internal Revenue Service (I.R.S.) now has all of the tools necessary to find an American’s assets and sources of income. A key component of the federal government’s tax compliance among U.S. taxpayers is the...Neglecting Election Year Tax Planning Could Make or Break Your Business
Congress is in intense debates on the subject of taxation as they await the outcome of the November election. This could negatively affect business owners who have not made election year tax planning a priority. The debates center on who will bear the appropriate tax burden; the rich or the middle class. In particular, it’s […]
Follow Congress is in intense debates on the subject of taxation as they await the outcome of the November election. This could negatively affect business owners who have not made election year tax planning a priority. The debates center on who will bear the...10 Tips for Employers to Stop the IRS from Gauging Your Company at Tax Time
Did you know there are over 58.000 payroll tax audits annually? These audits result in an average additional amount due of $26,372! The IRS has been focusing on collecting under-withheld employment tax from employers who have failed to comply with tax guidelines. Penalties have resulted from mistakes that could have been avoided in the areas […]
Follow Did you know there are over 58.000 payroll tax audits annually? These audits result in an average additional amount due of $26,372! The IRS has been focusing on collecting under-withheld employment tax from employers who have failed to comply with tax...How to Plan Your Tax Strategies if Bush-Era Tax Cuts Expire
Bush –era tax cuts, enacted in 2001 and set to expire in 2012 are still being stalled because of political infighting and having a “lame duck” Congress awaiting the upcoming November election. Democrats and Republicans remain far apart on whether or not to extend the tax cuts and other tax incentives before the deadline. This […]
Follow Bush –era tax cuts, enacted in 2001 and set to expire in 2012 are still being stalled because of political infighting and having a “lame duck” Congress awaiting the upcoming November election. Democrats and Republicans remain far apart on whether or not to...