Category: IRS Issues

IRS Issues

Owning and Selling C Corporations vs. S Corporations by David E. Kolan, CPA


Posted on May 18, 2022 by David Kolan

The pandemic has spurred a tsunami of entrepreneurial new businesses. According to the U.S. Census Bureau, a record 5.4 million new business applications were filed in 2021, compared to 4.4. million in 2020 compared to 3.5 million before the pandemic in 2019. Whether these ventures will prove successful remains to be seen, but each one […]

Law Unmasking Anonymous U.S. Companies May Require New Tax Planning for Foreign Investors in U.S. Entities by Arthur J. Dichter, JD, LLM


Posted on May 14, 2021 by Arthur Dichter

With so much attention paid to the impact of the COVID-19 pandemic and the various forms of U.S. government stimulus, international businesses with foreign investors may have missed the passage of a new U.S. law imposing stricter anti-money-laundering compliance procedures for disclosing the identities of their beneficial owners beginning as soon as 2022. On Jan. […]

IRS Warns Taxpayers about the Latest Phishing Schemes by Joseph L. Saka, CPA/PFS


Posted on March 19, 2019 by Joseph Saka

According to the IRS, the 2019 tax-return filing season has been plagued by a surge in fake emails, text messages, websites and social media posting in which criminals attempt to steal taxpayers’ personal information. To protect themselves and avoid becoming victimized, taxpayers must take some basic security steps, remain cautious and stay alert to recognize […]