Comprehensive Tax & Legal Solutions
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...
A tax audit sounds like everyone’s worst nightmare. An IRS audit can take years and thousands of dollars. Although there is no perfect equation that will result in a tax audit, there are certain red flags that will raise your chances of getting one. If you find...
One of the more difficult concepts of tax law is that for the most part, it is arbitrary. While there is some narrative that follows from the idea that tax is typically owed on “all income from whatever source derived,” the devil is in the details and if you gaze on...
In most cases when a law enforcement agency wants information, it can use a summons, for instance, if it wants additional information from a taxpayer concerning details of their tax returns from specific years. A summons typically is issued by a court for an...