Understanding the Tax Implications for Married Couples in Business Depending on state laws and elected tax status, married couples co-owning an LLC face unique tax considerations. Key Focus: LLC Structures and Tax Treatment Single-Member vs. Multi-Member LLCs LLCs are structured
Navigating the World of VAT for Global Business Operations If your business operates internationally, it’s crucial to understand Value-Added Tax (VAT), a widespread consumption tax affecting businesses in various ways. Key Focus: VAT Mechanics and Compliance What is VAT? VAT
Broward County Deputies Receive Lenient Sentences for Falsifying Pandemic Loan Applications Two former Broward County Sheriff’s Office (BSO) deputies, Carolyn and Tracy Wade, have been sentenced for their involvement in a PPP loan fraud scheme, receiving lenient sentences despite breaching
Eston Melton Faces Felony Charges Over Unpaid Taxes and Asset Transfers A prominent Miami lobbyist, Eston “Dusty” Melton III, has been charged with federal tax evasion for failing to pay over $1.3 million in taxes, highlighting the IRS’s increased enforcement
IRS Warns Taxpayers Against Misleading Social Media Tax Advice The IRS is cautioning taxpayers about the dangers of false tax advice circulating on social media platforms, which can lead to penalties, audits, and criminal charges. Key Focus: Misinformation and Consequences
CPA Faces Up to 31 Years in Prison for Falsifying Documents and Failing to File Tax Returns Timothy Trifilo, a D.C.-based accountant, has pleaded guilty to mortgage fraud and tax evasion, admitting to falsifying mortgage documents and failing to file
Stopgap Funding Bill Approved by House Republicans Faces Uncertain Senate Path The U.S. House of Representatives has passed a stopgap funding bill to prevent a government shutdown, but its future in the Senate is uncertain due to strong Democratic opposition.
Vivid Inc. CEO Admits to Failing to Pay Employment Taxes John Comeau, CEO of Vivid Inc., has pleaded guilty to employment tax crimes, resulting in a $1.15 million loss to the IRS, highlighting the severe consequences of non-compliance with federal
Understanding the Possibility of Appealing Tax Court Rulings While many taxpayers view Tax Court as the final step in resolving IRS disputes, it’s important to know that some decisions can be appealed. However, success hinges on understanding the process and
Dale Thrush Faces Over 15 Years in Prison for Payroll and Filing Violations Dale Thrush, a Michigan businessman, has been convicted of multiple employment tax crimes and willful failure to file personal tax returns, highlighting the serious legal risks for