Who knew that when the Atlanta Falcons led the New England Patriots 28-3 midway through the third quarter in Super Bowl LI that the Patriots would prevail? Ask any Patriots fan and they believed. Indeed, they probably put their faith in their team with their wallets...
For many businesses, January is the start of a new fiscal year. It definitely begins with promise and optimism especially if the previous year ended strong. But there are also substantial responsibilities when it comes to preparing a federal income tax return. Indeed,...
During tax season you are likely focused on properly chronicling your income, expenses and applicable exemptions. You are probably not worried about the possibility of your tax information being stolen en route to the IRS.However, scores of tax returns are hacked each...
It has been more than two years since legislation passed giving the IRS an additional collection tool. The tax agency will soon begin working in conjunction with the State Department to revoke, limit or deny passports of individuals with “seriously delinquent...
In a prior post, we highlighted the question of how broad the term “obstruction of justice” could be construed in the context of bringing criminal charges for continuing failures to file federal tax returns. We noted that the owner of a freight service...
With tax reform signed into law, many business owners are optimistic about what 2018 will bring. A substantially lower tax rate could mean substantial savings come April 2019. Of course, businesspeople want to pay only as much as they legally owe in taxes; and if they...
We want to begin this post by wishing our readers a Happy New Year, and a happy and prosperous 2018. Part of achieving that goal involves the proper preparation of business tax returns. While the April 15 federal income tax filing deadline is months away, tax season...
