Compiled from the cases worked, here are the most common Payroll Tax Penalty Questions and Answers. TFRP – also known as the Trust Fund Recovery
Here is what to expect from a Trust Fund Recovery Penalty Investigation
Solid Reasoning or Flimsy Excuse? When the Streamlined Filing Form 14653 / 14654 Narrative Makes Sense, and When it Means Trouble
In the right circumstances, joining the streamlined Filing Compliance program to report foreign financial accounts can be a quick and cost-effective way to become fully compliant with IRS requirements. But streamlined filings can be exceptionally risky. We take extra care to ensure that our clients understand the dangers that attend streamlined filings, and that both the letter and the spirt of the streamlined compliance program are fully honored. The key aspect being the form 14653 / 14654 narrative.
Unreported Foreign Foreign Bank Accounts in 2020 – 2021 under the Streamlined Filing Compliance Procedures
If you have unreported foreign bank accounts, foreign corporations, or other foreign assets but otherwise reported all your taxable income, then you may consider using the streamlined reporting process.
In one of our most recent articles, we gave an overview of Form 3520-A. Associated with Form 3520-A is the is the Hiring Incentives to