By Mauro Colabianchi You’re not really in the clear until three years after the return is due, in most cases. So, that’s the statute of limitations that the IRS has. They have three years to assess you once you file…Read more

While the IRS will almost always get the taxes owed, there are ways in which businesses can request abatement from penalties. Discovering whether an organization qualifies for an IRS penalty abatement takes a skilled legal practitioner to uncover and quickly…Read more

They could mean big savings for your company if you do. Video by Kevan McLaughlin There are the normal things to consider, including year-end planning and pre-planning for the next year. One key item is determining if your company is…Read more

By Anne Wenger When you don’t have any documents in place, your estate will most likely have to go through the Probate Court, particularly if you’ve got any kind of real property assets and/or assets that are in excess of…Read more

The US Tax Court is unique in that other than being Washington, DC doesn’t have permanent seats anywhere, meaning that the tax court judges ride the circuit and travel the country. They will determine what calendar sessions in which city…Read more

By Mauro Colabianchi Click on the image to watch the video. I’ve seen this question asked a lot in the context of tax preparers or tax preparation software where they’ll offer additional tax audit guidance in case of an audit.…Read more

Vacation travel is always something folks look forward to doing. While no one ever wants bad things to occur, it’s always a good idea to plan for them. That includes, believe it or not, reviewing your estate plan so if,…Read more

One of the preferred forums for litigating or resolving a federal tax dispute is the United States Tax Court. It’s an Article One court of which there are several judges of different tiers, either traditional trial judges, special judges or…Read more

See why this is so, according to our own Mauro Colabianchi. Click on the image to watch the video. The previous sales tax test before the most recent US Supreme Court case involving Wayfair was if a company had a substantial…Read more

By Anne Wenger Estate planning and divorce can get a little bit tricky depending on where you are in the process of divorce. The law stipulates what individuals can and — more importantly — cannot do to adjust estate plans.…Read more