Not paying is better than not filing
This year’s tax deadline has come and gone, and hopefully you’ve filed your taxes by now; or at least filed for an extension. If you’ve avoided filing this year out of an inability to pay, however, it’s worth knowing that not filing your tax return will cost you much more in the long run than […]
How to Survive IRS Audit
So you filed your tax returns and thought all was well only to receive an audit letter from the IRS. Â The key in dealing with this is to first and foremost remain calm. Â Many taxpayers contact our office in a frantic state after receiving this letter. Â Below you will find a series of steps to […]
Are offshore bank accounts illegal?
As the “Panama Papers” story continues to unfold, the extent of the offshore bank accounts set up by Panamanian law firm Mossack Fonseca is becoming increasingly clear. To date, leaked documents show that the firm has created almost 215,000 shell companies for about 14,000 wealthy and powerful clients wordwide. While it is yet unclear if […]