The Foreign Account Transactions Compliance Act (FATCA) was fully implemented on July 1, 2014. FATCA made sweeping changes to the financial reporting guidelines for foreign banks; they are now required to report financial information to the IRS on all U.S.
Come join the Gilbert Chamber of Commerce for a Good Government Breakfast with Senator Jeff Flake. An event of the SRP Good Government Series, this breakfast brings together Chamber members with U.S. Senator Jeff Flake for a candid, informational discussion
There are numerous radio and television ads these days geared toward individuals who owe back taxes to the IRS. They usually mention the IRS Fresh Start Initiative and make claims that they can settle your tax debt for “pennies on
Come join local business professionals in the greater Phoenix area for a free breakfast social to engage in great conversations in a relaxed atmosphere. Women In Business is an educational networking event hosted by the Microsoft Store @ Scottsdale Fashion
The general rules about accounting may typically stay the same but the interpretation seems to always be different among business owners. Some accounting rules are basic to understand but some require accounting expertise to fully understand the details. We love
In 2013, lawmakers in Congress introduced the Marketplace Fairness Act, a plan to compel Internet retailers to collect state and local sales taxes for out of state customers. Last session, the Act passed the Senate but did not make it
If you fail to pay your taxes on time, the IRS assesses penalties and interest. There are a number of “reasonable causes” listed in the IRS manual for penalty abatement. These include ordinary business care and prudence, undue hardship, and
Women In Business is an educational networking event hosted by the Microsoft Store @ Scottsdale Fashion Square. If you are looking to connect with other business professionals in Phoenix, AZ then come to this free event to meet and talk
Many taxpayers who owe a substantial debt to the IRS are unable to pay it all in one lump sum. To help individuals get back on their feet, the IRS offers the option to pay your debt in monthly installments
For all taxpayers, getting audited by the IRS is a scary process. When an agency with virtually unlimited power wants to know about your finances, it is understandable that people get nervous. The truth is, the majority of audits are
