California Out-of-State Sales Tax Audit Alert! Out-of-State Audits are Happening Now: What should you do?
California is currently initiating numerous sales tax audits of businesses located outside California: “Last fall, more than 2,500 online retailers with out-of-state addresses received letters from California’s Department of Tax and Fee Administration informing...Federal Income Tax Penalty Abatement
The IRS penalizes taxpayers for failing to timely file their federal income tax returns or for failing to timely pay their federal income taxes, pursuant to IRC Secs. 6651(a)(1) and 6651(a)(2), respectively. Tax returns for partnerships and S Corps are due on March...IRS Can Revoke Your Passport, But You Can Fight Back!
As of January 29, 2018, the IRS will send a certification to the U.S. Department of State when a Taxpayer has a “seriously delinquent tax debt.” The State Department generally will not issue a passport to you after receiving the IRS “seriously delinquent tax debt”...IRS Updates List of Designated Private Delivery Services for Timely Mailing Rule
IRS Updates List of Designated Private Delivery Services for Timely Mailing Rule
Jury Finds 150% FBAR Penalty Applicable
In the case of USA v. Carl Zwerner, the jury found that willful FBAR penalties of 50% of the account value applied to multiple years, thus, making the aggregate FBAR penalty equal to 150% of the account balance.