I’ve noticed a rise in the number of notices where my clients with outstanding tax liabilities are having their cases assigned to private collection agencies. This process has been around for several years and helps the IRS manage its limited… Read More »Notices of Tax Case Assigned to Private Collection Agency
The United States has a “pay as you go” tax system in which payments for income tax (and, where applicable, Social Security and Medicare taxes) must be made to the IRS throughout the year as income is earned, whether through… Read More »Estimated tax penalties skyrocket!!
There has been a lot of attention given to the new FinCEN Beneficial Ownership Information (BOI) reporting and the horrific penalties for failing to comply. The entities with the filing requirement (discussed below) are those that were in existence on… Read More »FinCEN BOI Reporting – Important!
