What is your Work Status? Employee or Independent Contractor?
What is your Work Status? Employee or Independent Contractor? was published by JD Supra on 10/25/18. Worker classification or work status has an effect on how a Taxpayer will pay federal income taxes, social security and Medicare taxes, and how a Taxpayer files a tax return. Classification can affect a Taxpayer’s eligibility for Social Security and […]
Condominium Owner? How to spot problems with your HOA
Condominium Owner? How to spot problems with your HOA was published by JD Supra on 10/25/18. Statistics show that most Condo owners do not attend Board of Directors (BOD) meetings and avoid involvement with HOA issues. As a result, Condo owners rely on the BOD to be their fiduciary agents, operate the Home Owners Association (HOA) […]
Tax Fraud and the Element of Willfulness
Tax Fraud and the Element of Willfulness was published by JD Supra on 10/23/18. Tax fraud is often defined as an intentional wrongdoing on the part of a Taxpayer with the specific purpose of evading a tax known or believed owed. Tax fraud requires: A tax due and owing resulting from a deliberate intent to […]
Don’t forget about your Right to Retain Representation
Don’t forget about your Right to Retain Representation was published by JD Supra on 10/23/18. Taxpayers have a Taxpayers Bill of Rights: ten fundamental rights available to them when dealing with the IRS. They are: The Right to Be Informed The Right to Quality Service The Right to Pay No More than the Correct […]
CPAs: To Host or Not to Host
CPAs: To Host or Not to Host was published by JD Supra on 10/18/18. A CPA providing “Hosting Services” to “attest” clients could potentially threaten a CPA’s independence. Hosting Services have evolved over a number of years based on the development of software solutions and cloud-based tools. A “discomfort” that has risen over a CPA’s ability […]
Understating Form W-7 and the ITIN
Understating Form W-7 and the ITIN was published by JD Supra on 10/18/18. An Individual Taxpayer Identification Number (ITIN) is a tax processing number issued by the IRS to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for Social Security Numbers (SSNs). ITINs are issued regardless of immigration […]
In or Out of the Bank?
In or Out of the Bank? was published by JD Supra on 10/16/18. With whom we do business can be critical to combating identity theft, financial fraud, money laundering and terrorism. Vetting individuals and entities is necessary for preventing financial crimes. Criminals will continue trying to disguise their identity through false documentation and complex hard to […]
IRS gives Internal Revenue Manual Voluntary Disclosure Consideration if…….
IRS gives Internal Revenue Manual Voluntary Disclosure Consideration if……. was published by JD Supra on 10/16/18. When IRS reviews a criminal tax case, consideration is given to various factors such as whether a voluntary disclosure was made, whether prosecution exists, the health, age and mental condition of the Taxpayer and whether a solicitation of tax […]
¿Qué es un evento tributable en la moneda virtual?
¿Qué es un evento tributable en la moneda virtual? was published by JD Supra on 10/9/18. Sigue habiendo dirección limitada del Tesoro de los EE.UU y el IRS sobre la Moneda virtual (MV) y los inversionistas de la MV deben proceder con cautela. El IRS continúa haciendo referencia al Aviso 2014-21 para recordarle a los […]
Lo que sabemos sobre el Cumplimiento Crypto y los impuestos federales de los EE. UU.
Lo que sabemos sobre el Cumplimiento Crypto y los impuestos federales de los EE. UU. was published by JD Supra on 10/9/18. La última Notificación emitida por el IRS sobre Criptomoneda fue el Aviso 2014-21 publicado el 25 de Marzo del 2014 que brinda orientación en forma de respuestas a preguntas frecuentes (“Frequently Asked Questions”). […]
Certificaciones FATCA Son Debidas El 15 De Diciembre Y Es Mejor Certificar
Certificaciones FATCA Son Debidas El 15 De Diciembre Y Es Mejor Certificar was published by JD Supra on 10/2/18. Una certificación FATCA consiste en respuestas a una o más serie de preguntas que los Oficiales Responsables (RO) de ciertas entidades deben responder y enviar al IRS para confirmar el cumplimiento de las entidades con los […]
FATCA certifications due December 15 and it is best to certify
FATCA certifications due December 15 and it is best to certify was published by JD Supra on 10/2/18. A FATCA certification consists of answers to one or more series of questions that the Responsible Officers (RO) of certain entities must answer and submit to the IRS to confirm the entities’ compliance with the requirements of […]
