Of all the complex issues that arise when doing business internationally, tax complications often rise to the top of the list. By avoiding a few common mistakes, you can maximize profitability while steering clear of potentially devastating pitfalls. A few common tax...
Month: February 2022
Qualified High Technology Company tax revisions effective after 2019
A law was enacted in 2000, The New E-Conomy Transformation Act of 2000, that allowed Qualified High Technology Companies (QHTC) to have certain tax benefits. In 2020, the QHTC Tax Incentives Modification Amendment Act of 2020 eliminated, imposed or changed limits on...
TOP 10 IRS CRIMINAL INVESTIGATION CASES FOR 2021
1. San Fernando Valley family members sentenced to years in prison for fraudulently obtaining tens of millions of dollars in COVID relief: The Ayvazyan family received sentences ranging from 17.5 years in prison to 10 months of probation for crimes including bank and...
What options do you have if you owe the IRS a debt you cannot pay?
Sometimes people forget to file their tax returns. As a result, they start receiving notices from the International Revenue Service (IRS). In this case, the IRS starts sending penalty assessments, bills and letters of enforced collection to taxpayers. The worst you...