...required. Portability is never automatic. Revenue Procedure 2022-32: Under current guidance, the IRS provides a simplified, automatic extension method for estates under the filing threshold. Practitioners have up to 5...
...clients from severe civil and criminal liabilities. A primary driver of this sustained enforcement is the PPP and Bank Fraud Enforcement Harmonization Act of 2022. This legislation extended the statute...
...loans across several New Jersey companies between April 2020 and August 2022, then submitting false forgiveness applications that misrepresented payroll and headcount figures. He pleaded guilty to bank fraud and...
The global financial landscape is constantly shifting, presenting U.S. taxpayers and their professional advisors with a complex web of compliance challenges. For those managing clients with foreign assets, the obligations...
...filed in this case and statements made in court: From in or around December 2019 through in or around April 2022, Shah engaged in a scheme to evade duties for...
...information at mail@patellawoffices.com Webinar Description: This CLE/CPE course will provide tax counsel and advisers with a thorough and practical guide into the tax reporting requirements and planning opportunities for U.S....
...payments from Venmo, Paypal, Stripe and similar payors. What is Form 1099-K? Form 1099-K is issued by payment settlement entities to report transactions made via payment cards or third-party networks...
...Staffing LLC, based in Pennsauken, New Jersey, provided temporary labor to businesses in Gloucester and Burlington Counties. Between the third quarter of 2018 and the second quarter of 2022, the...
...guide new immigrants through the tax responsibilities they must navigate upon arrival. Below is an overview of the key aspects of U.S. tax compliance based on the new updated IRS...
...audit ceases communication, it could signify a referral to the Criminal Investigation Division (CID). This silence is strategic, as any further actions by other IRS divisions might jeopardize a potential...
Over the years, many people have come to our firm after being visited by the Criminal Investigation Division of the Internal Revenue Service (IRS-CI). In the event that agents from...
We get many questions from clients (and their advisors) about criminal tax. So I have compiled the six questions that come up the most frequently. Frequently Asked Questions: Addressing IRS...
