Business Tax Compliance

Compliance Assurance Process

The Compliance Assurance Process (“CAP”) is a program where a team from the Internal Revenue Service (“IRS”) works with participating taxpayers collaboratively to identify and resolve potential tax issues before…

Compliance Issues Internal Revenue Code Switzerland Tax Compliance

Justice Department Expecting to Collect over $1.36 billion from Swiss Banks

In the beginning of 2016, the Justice Department reported that it is expecting to collect over $1.36 billion from 80 Swiss banks and financial institutions that admitted to aiding U.S….

Business Compliance Issues Tax Compliance

Incorporation Transparency and Law Enforcement Assistance Act

Earlier this year, Representatives Carolyn B. Maloney and Peter King, both New York Congressmen, reintroduced legislation in the House of Representatives that would require disclosure of a corporation’s beneficial owner;…

FBAR Miami New York Tax Compliance

FinCen Expands Geographic Targeting Orders

On July 27th, the Financial Crimes Enforcement Network (FinCEN) announced Geographic Targeting Orders (“GTO”) that will temporarily require U.S. title insurance companies to identify the natural persons behind entities used to pay…

Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Continues Investigation on U.S. Citizens

In early May, a massive leak of documents from the Panamanian law firm Mossack Fonseca & Co. known as the Panama Papers showed evidence of the firm creating hundreds of…

Compliance Issues OVDI Streamlined Procedure Tax Amnesty Tax Compliance

Panama Papers: Department of Justice Investigates Mossack Fonseca Employees

Documents, known as the Panama Papers, from the Panamanian law firm Mossack Fonseca & Co., showed evidence of the firm creating hundreds of thousands of shell companies and offshore accounts…

New York Tax Compliance

Art Dealers and New York State Sales Rules

The New York Attorney General’s office announced that Larry Gagosian, a New York art dealer, agreed to pay $4.3 million in unpaid sales taxes, including interest and penalties, for art…

New York Tax Compliance

New York State Corporate Tax Return

In 2014, New York State passed legislation for a major overhaul of New York State Corporate taxation.  It’s seen as one of the largest reforms to corporate taxation in New…