Beware Expected Employee Retention Credit (ERC) Audits
...make sure that you are eligible for the credit and that you are claiming the credit correctly. You should also keep good records of all of your payroll records and...
...make sure that you are eligible for the credit and that you are claiming the credit correctly. You should also keep good records of all of your payroll records and...
...FBAR penalties Summary of most common international tax reporting forms RSVP: https://www.wgcpas.com/reporting-foreign-assets-activities-requirements-and-challenges/ CPE: 1.5 NJ credits WHEN: Monday, April 24th, 2023 Networking & Snacks: 6:00-6:30 PM CPE Seminar: 6:30-8:00 PM...
...networks to report transactions over $600 to the IRS on a Form 1099-K, Payment Card and Third Party Network Transactions, until 2024. Why does this matter? The IRS is delaying...
The idea of a visit to an attorney for your estate planning can be unsettling and daunting for many people. As a result, people often procrastinate. To help facilitate the...
...journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the complexity of tax administration, with its connections and overlaps and...
...or trade securities at a loss and then buy them or substantially identical securities within 30 days before or after the sale. Some investors attempt to use wash sales to...
We get this question a lot… It is important to stress that there are no U.S. taxes owed by a U.S. citizen or green card holder directly on receiving any...
...the IRS to implement a comprehensive remedy including penalty abatements. To its credit, the IRS announced a broad late filing administrative penalty relief program on August 25, 2022, and has...
...or credit any penalties that were already paid by taxpayers who would have been granted this failure-to-file relief. Specifics of penalty relief The penalty relief applies to the following international...
...(2) refund or credit any penalties that were already paid by taxpayers who would have been granted this failure-to-file relief. Treasury and the IRS “have determined that the penalty relief...
...by attempting to hide income in offshore banks, brokerage accounts or nominee entities. They then access the funds using debit cards, credit cards, wire transfers or other arrangements. Some individuals...
...in PFICs Practical solutions to address non-compliance or missed elections in this area *Attendees will be able to earn 1.5 hours of NJ CPE credits in Taxation To sign up: https://www.wgcpas.com/eventer/an-introduction-to-the-taxation-of-passive-foreign-investment-companies/?utm_medium=email&_hsenc=p2ANqtz-_yFC3M20p2g4uUDJsqyQ-QXpBu5H7x8yIlJaq5sfZv-dnGpV2HIgMepf4wmhuEQEsp8XYUwTKrgHOVBbbI5Ahj-TLtyg&_hsmi=2&utm_content=2&utm_source=hs_email&hsCtaTracking=eb78e0f1-a18d-4520-8d97-e17185c3e55a%7Cd4d444ed-9ef2-4a10-82e1-2038e7ee2c4d...