An investment in knowledge pays the best interest.
Over the last year our office has handled the defense of a number of attorneys acting as FIRPTA withholding agents facing FIRPTA withholding penalties. These cases have generally occurred due to late submission to the IRS (Service) of the withheld funds.
A major disaster like Hurricane Harvey and Irma impacts individuals across the country. Those in communities affected by the hurricane have to rebuild their lives and may wonder how the IRS looks at these disasters. People far and wide who want to donate for hurricane relief risk giving to a fake charity. Learn what the IRS has to say regarding Hurricane Harvey relief.
Tax-exempt organizations that are required to file Form 990-series information returns with the IRS must file annually by the 15th day of the fifth month following the end of the organization's fiscal year. For most tax-exempt organizations, the fiscal year ends on December 31 each year, so annual filings are due by May 15.
It is not uncommon for an elder lawyer to have sick or disabled clients. Yet these clients often need to file income tax returns. Who can sign a tax return if the client cannot? For a joint income tax return, the filing (well) spouse can sign for the disabled spouse by simply signing the disabled spouse’s name and adding...