Business
If you’re a U.S. business owner with financial interests abroad, navigating tax compliance can be a challenge. Whether you hold funds in a foreign bank or manage assets overseas, the
October 28, 2024
Skip to content If you’re a U.S. business owner with financial interests abroad, navigating tax compliance can be a challenge. Whether you hold funds in a foreign bank or manage assets overseas, the
As a business owner, navigating the complexities of debt is a critical part of managing your financial health. One area that often leads to confusion is the tax treatment of
In the ever-evolving landscape of tax compliance, recent events involving high-profile figures highlight the complexities and challenges businesses face when it comes to their financial reporting and compliance obligations. A
Running a business as a partnership offers numerous advantages, but it also comes with its own set of responsibilities and tax considerations. Whether you’re new to partnerships or a seasoned
As a business owner, receiving a notice from the IRS can feel overwhelming. However, it’s important to know that not all notices are cause for alarm. Each year, the IRS
In today’s world, tax scams are becoming increasingly sophisticated, posing a significant threat to individuals and businesses alike. As a business owner, you need to stay vigilant and aware of
The recent conviction of David Katz, a compliance officer at a check-cashing company in Oregon, serves as a stark reminder of the consequences of fraudulent practices in payroll and tax
Taxpayer Advocate Service Fails to Provide Basic Services: A Deep Dive into TIGTA FindingsA tax practitioner, frustrated by a six-week wait for a Taxpayer Advocate Service (TAS) response about a
The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court
The IRS is set to intensify its audit activities thanks to an $80 billion boost from the Inflation Reduction Act. This funding aims to revitalize the agency, which has faced
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