Very few tax professionals and business owners realize, that just like a personal IRS tax debt, back payroll taxes can be negotiated down using the IRS Offer in Compromise program. Anthony E. Parent, Esq. posted a good article which discuss the six advantages of using an Offer in Compromise to settle back payroll tax debt, which include:…
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Study Shows that US Corporations are increasing the use of Tax Havens to Shift Profits.
A US government investigation has confirmed that American multinational companies are increasingly adopting tax strategies to shift their profits out of high-tax jurisdictions such as Canada and the UK. The Congressional Research Service analyzed profit data from multinational companies and compared reported profits and other business activity in lower-tax jurisdictions versus higher-tax countries like the United…
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US Tax Court Finds Taxpayer Liable For Transferee Liability
U.S. Tax Court held in T.C. Memo. 2013-32 that the taxpayer George Schussel, was subject to transferee liability, because he caused his corporation to evade income taxes, the Jan. 31 Schussel v.Commissioner , T.C., No. 4050-11, T.C. Memo. 2013-32, 1/31/13 Don't Be Subject to Transferree Liability... Contact the Tax Lawyers at Marini & Associates, P.A.…
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Interim Guidance For Fresh Start II Program For OIC & Payment Plans
The IRS SB/SE Division released interim procedural guidance SBSE-05-0112-0264 on the Fresh Start II program, dated January 27, 2013 which included revisions to Internal Revenue Manual Section 5.19.1.Tax Problem...We Have the Solution! Contact the Tax Lawyers at Marini & Associates, P.A. for a FREE Tax Consultation at www.TaxAid.us or www.TaxLaw.ms or Toll Free at 888-8TaxAid (888…
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