Resources

Recurring problems with many S corporations include the untimely discovery of a failure to timely file an S election, filing of an inadvertently invalid election, or inadvertent termination of a previously valid S election....

How does one FBAR return filing give rise to 13 penalties? Ask the federal district court of California, which recently upheld the IRS’ imposition of separate non-willful penalties against 13 foreign accounts disclosed on a...

Newly-Announced IRS Audit Campaigns Continue Trend of IRS Enforcement in the Areas of International and Captive Insurance The IRS Large Business and International (LB&I) division – which serves corporations, subchapter...

The IRS Private Letter Ruling: When 100% Tax Certainty (or 100% Tax Relief) is a Must A structured transaction with lots of zeros behind the dollar sign?   A fatal planning misstep discovered too little too...

The Internal Revenue Service just announced the results of a national two-week campaign to combat employment tax crimes featuring visits to nearly 100 businesses showing signs of potential serious noncompliance and taking...