by Richard Gano | Mar 6, 2024 | Employment Tax, Internal Revenue Service
The Employee Retention Credit (ERC) is a valuable tax incentive that was designed to encourage businesses to retain their employees during challenging economic times during the COVID-19 pandemic. Initially established under the CARES Act and subsequently extended... by Igor Drabkin | Mar 5, 2024 | Audit, Internal Revenue Service, Tax Litigation
On March 1, 2024. U.S. District Court for the Northern District of Alabama ruled that FinCEN’s Beneficial Ownership Information (BOI) reporting requirement enacted as part of Corporate Transparency Act (Public Law 116-283) constituted Congressional overreach and,... by Igor Drabkin | Feb 16, 2024 | FBAR, Firm News, Internal Revenue Service, Offshore Income
We are pleased to announce that Igor Drabkin will be speaking at the upcoming Strafford Publications webinar “FATCA Reporting: Filing Form 8938 for Taxpayers With Foreign Assets, Integrating Latest IRS Guidance” on Monday, March 11, 2024. The Foreign... by Igor Drabkin | Jan 17, 2024 | Criminal Tax, Internal Revenue Service, Tax Litigation
New Federal Reporting Requirement for Beneficial Ownership Information (BOI) Beginning on January 1, 2024, the Corporate Transparency Act went into effect, requiring many companies in the United States to report information about their beneficial owners, i.e., the... by Igor Drabkin | Dec 4, 2023 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income
Swiss private bank Banque Pictet et Cie SA entered into a deferred prosecution agreement with the Department of Justice, admitting to conspiring with U.S. taxpayers and others to hide more than $5.6 billion in 1,637 secret bank accounts and to conceal the income... by Michele Weiss | Nov 16, 2023 | Internal Revenue Service
On November 3, 2023, Michele Weiss, principal at Holtz, Slavett & Drabkin, APLC, will present on a panel entitled “Keeping up with the Credits: Employee Retention Credit.” The panel will present at the California Lawyers Association Annual Meeting of the Tax Bar...