Comprehensive Tax & Legal Solutions
Given that Tax Day 2017 is still roughly six weeks away, it would not come as anything of a surprise to learn that there are still many people who have yet to complete their federal income tax returns. For some, this delay may have to do with their accountant’s busy...
One of the most important elements of tax planning and preparation is recordkeeping. While this may seem the epitome of the routine and mundane, you must realize that it may be one of the most important parts of asserting any claim or defense, should the Internal...
If you run your own business, you may have goals that extend beyond making money and selling your product or service. Your plans may include creating a legacy, especially if you inherited the business or intend to pass it along to your children. However, building a...
Most businesses do their due diligence in warning employees about sharing confidential information, such as W-2s, with outside sources you don’t recognize. But what if an email appears to have come from inside your organization? Cybercriminals are getting more...
When you are filling out federal and state income tax forms, most likely your primary concern is to avoid an audit. While this is a legitimate concern, as are the myriad complexities of the IRS Tax Code, major errors of that nature are not the most common among...
Wouldn’t it be great if you could keep the Internal Revenue Service (IRS) from gobbling up your parents’ hard-earned money? Some people only think of the “death tax” question when their parents are close to the end of their lives, when it’s too late to do too much. If...
Most of the time, paying your taxes on time is the best strategy. The Internal Revenue Service takes a dim view of late payments and it charges interest and penalties for that late payment. In addition, you still must file your income tax return on time or request an...
With the beginning of a new presidency and with Congress in Republican control, it seems likely that there could be more changes made to the Internal Revenue Code than in an average year. There have been major tax proposals made that could result in significant...
The Foreign Account Tax Compliance Act (FATCA) has been in effect for more than two years. The law, which has revolutionized tax compliance for American citizens with overseas accounts, was passed in 2010. During that time, the IRS has been extraordinarily successful...
The tax code is very large and complex. That is no surprise to anyone who has seen the volumes of the tax code in a law office or a library. And it is no surprise that understanding how it works and how all of the parts fit together is a lifetime’s occupation. If you...