Aug 21, 2017 | Firm Updates, International Tax
Individual Taxpayer Identification Numbers (ITINs) are tax processing numbers issued by the IRS. They are available for taxpayers who need an identifying number but are not eligible to obtain a Social Security Number. Whether they are required to be provided to third...
Aug 15, 2017 | Firm Updates, Small Business
It’s a safe bet that state tax authorities will let you know if you haven’t paid enough sales and use taxes, but what are the odds that you’ll be notified if you’ve paid too much? The chances are slim—so slim that many businesses use reverse audits to find...
Aug 14, 2017 | Firm Updates, International Tax
If you have a “seriously delinquent tax debt,” the IRS is now authorized to notify the State Department of such outstanding debt. In turn, the State Department may deny your request for a passport or revoke your current passport. If you are overseas when your passport...
Aug 8, 2017 | Firm Updates, Individual Tax
Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes that are part of the Affordable Care Act. But there are a few other potential tax developments for individuals to keep an eye on. Back in December of...
Aug 1, 2017 | Firm Updates, Health Insurance
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax penalty the ACA imposes on individuals who fail to have “minimum essential” health insurance coverage...
Jul 31, 2017 | Firm Updates, International Tax
This final installment of this blog series will discuss taxpayers who willfully have not disclosed foreign accounts or paid taxes. Taxpayers who want assurance that they will not be subject to criminal liability and/or substantial monetary penalties should consider...
