Sep 20, 2022
There’s talk that the IRS is more proactively tracing how unpaid payroll tax money is spent during trust fund recovery investigations. The outcome? Potentially, it’s a swifter handover to the IRS Criminal Investigation Division for criminal prosecution. Bloomberg Tax...
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Sep 13, 2022
A former small business shareholder recently found guilty of tax evasion serves as a reminder that your tax preparer isn’t responsible for what they don’t know. The case involves a buyout agreement the Brooklyn man entered into when he sold shares of stock back...
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Aug 30, 2022
Business loss claims pop up in most commercial litigations. Contract disputes, business torts, and antitrust complaints are some of the most prevalent. There are several ways to claim business losses—some are still quite novel. For example, Ukrainian businesses are...
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Aug 23, 2022
How much did you pay Uncle Sam last year? Ever wonder how the 1% like Warren Buffet and Elon Musk pay so little in taxes compared to their wealth? You may be able to use some of their strategies yourself. The White House reports that billionaires pay an average...
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Aug 16, 2022
As COVID-19 relief for small businesses fades away, about 1 million PPP loans remain unforgiven. Roughly 9% of businesses that received PPP loans haven’t filed for forgiveness. A handful who did were denied or are still awaiting an answer. If you have a PPP...
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Aug 8, 2022
Reality television stars Todd and Julie Chrisley were recently convicted for tax fraud and willingly filing false tax returns. They blamed an employee and their accountant feigned ignorance, but the IRS wasn’t having it. What went on, and can it happen to you? The...
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