Every year Americans are required to file their federal income taxes by the stipulated annual deadline. This year, that deadline was extended due to the unprecedented circumstances of the worldwide pandemic. Individuals living in the District of Columbia metro area...
States are becoming increasingly aggressive in their tax collection efforts as potential budget shortfalls loom during the current recession. In the world of interstate commerce, this becomes problematic on several fronts, particularly in the trucking industry....
In the coming months, the IRS will proceed with its focus on high-income taxpayers who have yet to file their tax returns. The potential for significant penalties, limited voluntary disclosure options, and possible criminal prosecution is abounding. The IRS issued...
