We've previously written about the new reporting requirements imposed upon U.S. citizens with foreign bank accounts. Under the Internal Revenue Service's Report of Foreign Bank and Financial Accounts and Foreign Account Tax Compliance Act, U.S. citizens with foreign...
It's January and the official start of a new year also signals the start of the 2015 tax filing season. Within the next couple of months, individuals and business owners will receive important tax documents in the mail which are essential to figuring out one's taxes...
It’s the start of a new year and for any business owner, tax planning is an important component to help increase and maximize profitability. However, due to the ever-changing tax rules and laws, many business owners find tax planning to be a confusing and tedious...
There are times when an individual isn't able to pay his or her taxes or disputes the amount owed. Whatever the case, many hard-working and honest Americans struggle with tax debt problems. Previously, the IRS took action to handle these cases by sending notices to...