Experienced-Diligent-Effective
Articles and News
IRS Foreign Bank Account Disclosure
The IRS has announced updated procedures for taxpayers to file overdue FBAR (Foreign Bank Account Report) foreign account disclosures.
Alabama Sales Tax on Successor
Most states maintain some sort of successor liability provision in their tax statutes.
S Corporation Late Election Relief
When an S election is not filed, the corporation is treated as a C Corporation and its losses/gains are taxed to the corporation.
LLC/Partnership--Profits Interest vs. Capital Interest
Partnerships can grant profits interests or capital interests for services. LLCs taxed as partnerships are proliferating.