Explore the complexities of employment tax law through the case study of United States vs. Fecondo, offering key insights and practical advice for business owners.
Tax Law
The Costs of Paying Under the Table
Learn about the risks and consequences of paying employees under the table and how to stay compliant with the law to avoid legal trouble.
Offshore Holdings: Understanding the Consequences of Failing to File Disclosures
Learn about the potential consequences of failing to comply with offshore financial disclosure requirements, including FBAR penalties, and discover why understanding these regulations is crucial.
Unraveling the Corporate Transparency Act: What’s Next?
Court rulings provide guidance on the application of laws. This guidance can range from a need to make relatively minor adjustments in practices to remain in compliance with applicable rules and regulations to a major overhaul. The United States District Court of the...
Understanding priority statutes in federal tax obligations
Federal tax obligations often perplex taxpayers, especially when dealing with the priority statute's legal implications. This statute determines the order in which taxpayers must pay their debts when the taxpayer’s assets are insufficient to meet all liabilities. It...
How can corporate tax planning help with profit maximization?
Corporate tax planning is a critical component of any company's financial strategy. Savvy business leaders know that successful tax planning doesn't just involve complying with the law — it's about leveraging it to enhance business efficiency and profitability. But...
Employment Tax Audits: What Employers Need to Know
Worried about the possibility of an employment tax audit for your business? Here are specific areas the IRS may scrutinize closely.
Inside Tax Season 2023: Updates and Intrigues
Get ready for Tax Season 2023 with updates and insights on IRS changes, court rulings, and more. Stay informed about tax filing, deadlines, and significant developments in the ever-evolving tax landscape.
The Basics of Offshore Taxes: What You Need to Know
Discover the basics of Offshore Taxes: Learn how to safeguard your wealth and navigate IRS compliance requirements.
Foreign Investment in Real Property Tax Act (FIRPTA) compliance
Extra precautions are necessary when buying property in the United States from a foreign seller. This is because the Foreign Investment in Real Property Tax Act (FIRPTA) places certain tax withholding burdens on the buyer if the seller is considered a “foreign person”...