Corporate jets offer unparalleled convenience and efficiency for business travel, but with these benefits come complex tax implications. The IRS has recently increased its scrutiny of corporate jet usage, particularly…
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As the IRS gears up for an intensified crackdown on tax compliance, taxpayers must brace themselves for a potential surge in audits. Understanding who might be targeted, preparing adequately for…
Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, announces the promotions of Tim Brunelle and Chris Roane to partnership. Brunelle and Roane provide consulting and advisory services in the firm’s Tax and Dispute Resolution & Forensics practices.
Bennett Thrasher, one of the nation’s largest and fastest-growing certified public accounting and consulting firms, announces the promotions of Tim Brunelle and Chris Roane to partnership. Brunelle and Roane provide consulting and advisory services in the firm’s Tax and Dispute Resolution & Forensics practices.
Quick Summary & Key Highlights On December 21, 2023, the IRS announced the Voluntary Disclosure Program, its latest step to protect the integrity of ERC and safeguard the funds allocated…
Understanding the applicable statute of limitations in IRS tax matters is crucial. Tax cases have been won or lost on this issue alone. Learn more.
The IRS Dishonored Check or Other Form of Payment Penalty applies if you don’t have enough money in your bank account to cover the payment you made for the tax you owe. Learn more.
The IRS recently warned employers to be wary of third parties advising them to claim the Employee Retention Credit when they may not qualify. Learn more.
The Internal Revenue Service (IRS) considers information return penalties an important tool to collect, at the least cost, the proper amount of tax revenue. Penalties help the IRS achieve this goal because the threat of a penalty generally enhances voluntary compliance.
The IRS is offering automatic penalty relief for 2019 and 2020 on certain late filing penalties
