Handling Audits of Delinquent International Information Returns
This article examines strategies for handling an IRS investigation of international returns, and recommends ways to improve audits, foster taxpayer compliance, and... Read More
Blog
IRS Provides Temporary Relief for Taxpayers in Audits and Collections – Certain Activities Continue
On March 25, 2020, the Internal Revenue Service issued a news release announcing the People First Initiative. See IR-2020-59 (03-25-2020). The new... Read More
Blog
District Court Lowers Penalties for Form 3520 Nonfiling to Zero
A recent taxpayer-friendly court decision from New York is worth reviewing for practitioners who handle late-filed Forms 3520, Annual Return to Report... Read More
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Do You Own a Foreign Corporation? IRS Presses Form 5471 Penalties
The San Francisco Bay Area is a focal point for international business. It is common for individuals to start a business, and... Read More
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Key Moves in Difficult Times -Options for Taxpayers Facing Economic Uncertainty
We are in tough economic times. A record number of Americans have filed for unemployment benefits, and business owners are forecasting a... Read More
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Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19) Pandemic
The recent COVID-19 pandemic has already had a significant effect on our personal and professional lives. Between states and localities implementing “shelter-in-place”... Read More
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Congress Passes New Law, Allows Early Distribution from IRAs for COVID-19
A new law allows individuals under the age of 60 to withdraw up to $100,000 from their IRAs without facing an early... Read More
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Avoiding Civil Penalties for Failing to File or Pay
The IRS can assess a penalty for the failure to timely file a tax return on or before the due date, and... Read More
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Best Practices for Making Tax Payments – Don’t Send in a Check
Both the IRS and the FTB offer the ability to make electronic payments online. Therefore, the days of manually writing a check... Read More
Blog
Words of Wisdom —Always File on or Before the Deadline
Taxpayers should always file their tax return on or before the due date and confirm with their tax return preparer that the... Read More
