Most tax practitioners are familiar with reasonable cause as the basis for penalty abatement. But many often overlook another important reason for penalty abatement: the so-called...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2022
A federal or state law provides taxpayers with procedural and substantive safeguards when dealing with a Department of Revenue in a tax collection dispute.Perceived abuses by the IRS...
Posted by Abundant Wealth Planning LLC on 05/27/2022
When was the last time you heard the good news about retirement? Instead, you've probably seen alarming headlines like this:Are you worried about your pension or your parent's...
Posted by James Financial Services Inc on 05/27/2022
The idea of an estate tax, or inheritance tax, as it is sometimes called, strikes fear in many Americans. It is understandable, although the truth is that most people will never come...
Posted by BEST FINANCIAL GROUP LTD on 05/27/2022
Like most other types of compensation you receive for performing services, the payment you receive from the federal, state, or local government for serving as a juror is generally...
Posted by Income Taxes and Bookkeeping LLC on 05/27/2022
Unclaimed properties are everywhere, not only in the United States but all over the world. Every country has laws for unclaimed properties to help the proprietor locate the lost or...
Posted by KLSM CPA Firm PLLC on 05/27/2022
Financial independence is a beautiful thing. But while many of us want financial independence, few of us know what steps to take to achieve it. That's why we're here - we want...
Posted by Dennis Jao on 05/27/2022
What are capital allowances?Capital allowances allow taxpayers to get certain reliefs on capital expenditures by allowing deductions from their annual taxable income. Not all expenditures...
Posted by CORE PERFORMANCE on 05/27/2022
A sole proprietorship is the default business type because most businesses begin that way. Sole proprietorships are taxed differently from other kinds of businesses because they...
Posted by Tiffany Gaskin on 05/27/2022
