Should Your Business Withdraw Its Employee Retention Credit (ERC) Claim (and What If It’s Already Too Late)?
Posted in Hot Topics, News, Offshore Account Update on October 31, 2023
Posted in Hot Topics, News, Offshore Account Update on October 31, 2023
Posted in News, Offshore Account Update on June 12, 2023
Whether you use crowdfunding to kickstart your business, you receive support through crowdfunding after a life-altering event, or you contribute to a crowdfunding campaign, it is important to understand what this means (and doesn’t mean) for your federal income taxes. Crowdfunding has different tax implications under different circumstances, and knowing how the Internal Revenue Code applies to your circumstances is critical for avoiding unwanted scrutiny from the Internal Revenue Service (IRS).
Read MorePosted in News, Offshore Account Update on September 30, 2022
Posted in News, Offshore Account Update on September 16, 2022
When the Internal Revenue Service (IRS) sends a letter or notice to a taxpayer, there is usually a specific reason why. While some of these are purely notices—informing taxpayers that the IRS has received a communication or verified certain information—others can have far more significant implications.
Read MorePosted in Offshore Account Update on August 31, 2022