If a taxpayer undertakes an activity with the objective of making a profit, the expenses related to the activity are generally deductible and any excess losses related to the activity can be utilized in...
Firm Partner, Damon Rowe, featured in an article by the International Consortium of Investigative Journalists, sheds light on the intricate mechanisms utilized by the ultra-wealthy to shield their income. The exposé...
Josh Ungerman was quoted in a Wall Street Journal Tax Report article published on March 29, 2024, written by Laura Saunders, reporter at The Wall Street Journal, titled “How a ‘Gorgeous’ Dior Bag Cost a...
Last Friday, March 22, the IRS ERC Voluntary Disclosure program ended. So technically, there can be no more ERC Voluntary Disclosures. Interestingly the IRS announced that the program could potentially open at a later date....
For those procrastinating, or just discerning, taxpayers that are still considering the IRS’ disclosure program for employee retention credit (ERC) claims, the IRS released today seven potential red flags to help taxpayers...
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