The Unknown Quantity
The article below makes a great point in regards to the trigger events that begin the clock for the Assessment Statute Expiration Date (ASED), normally three years.
The article below makes a great point in regards to the trigger events that begin the clock for the Assessment Statute Expiration Date (ASED), normally three years.
For taxpayers, the fact that the IRS merely collects on laws they often did not promulgate can be used as leverage when negotiating with IRS, as they may not be quite so committed to their stance as they would be if they had created the law they are enforcing. This article in Forbes discusses some key points to keep in mind when negotiating any sort of settlement with the IRS.
The article below brings reality to several myths floating around about FATCA. It highlights something very important to those individuals dealing with banks requesting a W-8 series or W-9 series form to be filled out by the taxpayer.
Foreign corporations, partnerships and trusts can take advantage of the protections of the Offshore Voluntary Disclosure Program. In doing so, we walk through an exercise in Ethics that most second or third year law students study: conflict of interest.
Italy and Switzerland came to an agreement on February 23rd, 2015 which effectively resolved the dispute on how to treat Italian citizens’ undeclared funds in Swiss bank accounts.
The article below touts the virtues of Roth conversions and life insurance purchases as tax savings tools for high net worth individuals.
The rising cost of bookkeeping makes it prohibitive to staff an individual or even a small team to accomplish this task. Beyond simply the cost, the risk of inaccurate figures or incorrect quarterly tax payments can be distressing to already overworked business owners.
The article below details the proposed laws regarding passport restriction and travel for those that owe the IRS more than $50,000 and are delinquent in their payment status or who have not entered into a collection alternative, i.e. compliance.
The IRS is taking a closer look at employers who try to evade employment taxes.
Business owners are often reluctant to utilize the Series Allowance under the Delaware Series LLC statute. This allowance permits a business owner to create separate ventures within one LLC, but directs that each internal venture be insulated from the other ventures’ liability.
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