Steer Clear of Tax Trouble: Key Errors That Could Lead to Compliance Issues and Penalties Accurate sales tax returns and timely 1099 filings are important for businesses of all sizes. However, navigating these complex tax issues can be challenging. Here’s a
Discover how to correct errors and make amendments to your recent tax return using Form 1040-X. If you’ve identified errors or omissions in your 2022 tax return, there’s no need to worry. You can rectify these mistakes by filing Form
Implications for Policyholders and Financial Reorganization Strategies Selling policyholders life settlement were subject to a greater tax burden due to the lower cost basis because proceeds up to the policyholder’s cost basis are not subject to taxation. As record-high inflation
Farhy v. Commissioner Case Paves the Way for Taxpayers to Reclaim Penalties Fees Under new regulations, the IRS can no longer administratively assess penalties for not filing or being late with foreign information forms, such as Forms 5471, 5472, 8865,