...Steps for Taxpayers Awaiting ERC Refunds Taxpayers who are still waiting for their ERC refunds should carefully assess the strength of their claims and explore their available options. For some,...
...tax planning. Presentation Description: This informative seminar explores tax law changes for 2025, equipping tax professionals with practical strategies to manage new compliance requirements and optimize client outcomes. The four-day convention will bring unlimited...
...be the leading professional association dedicated to supporting America’s Tax Experts®, enrolled agents. NAEA’s members are the tax practitioners involved in tax preparation and representation. The association promotes and embraces...
...the Form 8938 filing thresholds for a U.S. taxpayer, and the IRS has no record of the taxpayer filing Form 8938, this is a significant audit trigger. The IRS will...
...decedent’s death. This means that when the heir sells the asset, any appreciation before the decedent’s death escapes capital gains tax. The “step-up in basis” is a crucial tax rule...
...taxation for tax professionals. Mr. Patel will discuss the tax laws affecting the tax issues surrounding foreign tax topics for US residents with foreign income. Mr. Patel will present courses...
...provide documentation during any audit can lead to penalties and further scrutiny. Connections to Other International Compliance Issues: Existing international reporting issues, like unreported foreign bank accounts (FBARs) or foreign...
...cases. If personnel are diverted from tax enforcement or removed from their roles entirely, the ability to pursue tax prosecutions will be significantly constrained due to limited resources. Despite these...
...tax risks, particularly under U.S. anti-money laundering (AML) and tax reporting laws. The Bank Secrecy Act (BSA) and USA PATRIOT Act require money service businesses (MSBs) to register and report...
The IRS closely monitors businesses paying wages in cash for potential employment tax violations. Under IRC § 3402, employers must withhold and remit payroll taxes, and failure to do so...
The IRS is aggressively targeting conservation easements, calling them abusive tax shelters and pursuing audits, penalties, and even criminal charges. Taxpayers who claimed deductions could face full disallowance, massive fraud...
The John Doe summons remains one of the IRS’s most formidable tools for uncovering tax noncompliance among individuals who seek to evade U.S. tax obligations through offshore activities. Unlike a...
