TaxConnections


 

Tag Archive for Tax Advice

Canadian Tax FAQ – Lunch & Learn Program – Free Tax Advice

Grant Gilmour

What is the cost of asking tax questions? How can I avoid huge fees when I have a “simple” or “quick” question?

One of the things that often creates unnecessary friction between clients and advisors is the cost versus value of advice asked for and received.

Read more

Please Advise Donald Trump On This Tax Matter – We Want Your Comments

CALLING ALL TAX EXPERTS TO ANSWER THIS QUESTION!

IF MR. TRUMP WERE YOUR CLIENT…WOULD YOU ADVISE MR. TRUMP TO RELEASE HIS TAX RETURNS PUBLICLY WHILE HE IS UNDER AUDIT?

Dear Mr. Trump,

As the CEO of www.taxconnections.com I want to ask tax professionals of every political affiliation how they would
advise you… if you were their client. The media is giving you a Read more

IRS Does NOT Want to See Circular 230 ‘Garbage’ At Bottom of Emails

Internal Revenue Service officials said they were happy to bid adieu to the omnipresent yet misused IRS Circular 230 disclaimer at the bottom of practitioner e-mails, and cautioned practitioners that continued inclusion of the disclaimer will be considered a misstatement.

“I’m here to tell you to get that jurat, that disclaimer, off your e-mails. It’s no longer necessary,” Karen L. Hawkins, director of IRS Office of Professional Responsibility, told practitioners at a June 20 tax conference sponsored by the New York University School of Continuing and Professional Studies in New York.
The IRS’s chief counsel, William J. Wilkins, seconded that statement, telling practitioners in a keynote address that the “Circular 230 legend is not merely dead, it’s really most sincerely dead. So please omit.” Read more

2014 Tax Fears & Advice

With my family snugly content amidst a long holiday season I felt compelled to pen some thoughts regarding the ubiquitous United States Tax Code and all its myriad of seemingly scary changes looming around the proverbial corner. This post lists ten tax matters to be aware of in the new year that have come up in conversations with clients. It also offers four recommendations to minimize tax obligations that I’ve found myself repeatedly trumpeting whenever asked. And finishes with some quick reference tax facts.

Be Aware:

1. For 2013 the self-employment tax has reverted back to its normal 15.3% rate, and the limit for the Social Security portion of the tax has increased to $113,700. Read more

GAO Reports A Big Increase In FBAR Reporting – Maybe It Is A Result Of IRS Enforcement Efforts?

The number of American taxpayers reporting foreign accounts to the Internal Revenue Service (IRS) doubled to 516,000 between 2007 and 2010, according to the United States Congress’ General Audit Office (GAO). The GAO investigation also found that six percent of US taxpayers who took up the IRS’ 2009 offshore tax amnesty received penalties of USD1 million or more, and most of them had accounts at the Swiss bank UBS.

Have Un-Reported Income From A Foreign Bank?
Need Experienced Tax Advise?
Contact the Tax Lawyers at Marini & Associates, P.A.
for a FREE Tax Consultation Connect with me on TaxConnections:  Ronald Marini
TaxConnections