...accuracy-related penalty and a 75 percent penalty for civil fraud, as well as a criminal case against the taxpayer brought by the IRS. Tax practitioners working with businesses that have...
...penalties for a single tax period. Individual taxpayers may request an FTA of a failure-to-file or failure-to-pay penalty. Business taxpayers can request an FTA of those penalties or of a...
...the penalties for noncompliance? What steps should one take to comply? What’s next? Experienced tax attorney Parag Patel has handled hundreds of complex tax matters for clients. The New Jersey...
The IRS has notified over 20,000 taxpayers via IRS Letter 105C (Disallowance of Claim) that their claims for the employee retention credit are being disallowed because entities either did not...
...and allowances) on the entity’s IRS Form 1120, consolidated IRS Form 1120, IRS Form 1120-S, IRS Form 1065, or other applicable IRS form, excluding gross receipts or sales from sources...
...Network (FinCEN). Compliance Implications for Tax & Accounting Professionals: Understanding and adapting to the CTA is crucial for tax & accounting firms and Certified Public Accountants (CPAs) due to potential...
The Employee Retention Credit (ERC) was a valuable tax credit available to businesses during the COVID-19 pandemic. However, the IRS has recently ramped up its audits of ERC claims, due...
...Taxpayers who have received a foreign gift or are planning to receive a foreign gift should contact Patel Law Offices. Over the years, our office has successfully assisted numerous taxpayers...
...tax issues. We will discuss solutions for non-compliant taxpayers. Experienced tax attorney Parag Patel has handled hundreds of complex tax matters for clients. The New Jersey Society of Certified Public...
...Hot Topics“. Seminar descriptions is below: Federal Tax Update and Latest Tax Controversy Hot Topics With new funding, the IRS has ramped up enforcement, and tax professionals must be familiar...
...Topics will include gift tax, generation transfer skipping tax, estate tax, income tax on estates, and estate planning. The program culminates in a case study walking you through estate tax...
The IRS continues to warn businesses not to fall for aggressive marketing or scams related to the ERC. Businesses should first check with their trusted tax professional before submitting an...
