When taxes become problematic, there are sometimes cases where specified groups can obtain tax amnesty. Tax amnesty is when a specific group of taxpayers is given an opportunity to obtain forgiveness if they are able to pay a defined amount in taxes. This forgiveness...
Tax Law And Litigation Services For Businesses And Individuals
Year: 2021
International tax reform is on the minds of some Americans
International tax laws can be complex and confusing. It’s no surprise that many people need to look very closely at the laws to determine if they’re on the right side of them. In the United States, 2021 could be an excellent year to reform international taxes, but...
Trying to cash in on the Green Rush could mean major tax issues
Savvy entrepreneurs and business investors always want to catch the next big trend before it peaks. Entering a developing industry when there is demand but not yet a saturation of supply can be a recipe for profit. People have called the legalized cannabis and CBD...
5 tax law changes to know
If you need assistance with your taxes, it’s important to work with a knowledgeable team. The Internal Revenue Service is not very forgiving, and making mistakes could lead to serious allegations, fines and penalties. Most years, there are changes to tax laws, and...
What countries have the best corporate tax rates?
Business has become global. With the exception of a few countries that don't allow outside corporations or investors, most of the globe welcomes new business and investment. As a United States citizen, whether you live abroad or not, starting a business in another...
Outstanding tax debt could leave you without a passport
The IRS has a relatively new tool in its kit to compel delinquent taxpayers to settle their debts. The IRS may prohibit you from renewing or applying for a U.S. passport if you owe more than $53,000 in back taxes. The IRS will only resort to this measure when other...