On behalf of Law Office of Williams & Associates, P.C. | Nov 23, 2015 | OVDP
Individuals and businesses often take advantage of the benefits offshore banking provides. You may have opened an account to ensure that you get to keep more of your hard-earned money with a favorable tax rate. You may have used a trust or foundation to protect your...
On behalf of Law Office of Williams & Associates, P.C. | Nov 18, 2015 | IRS
The IRS now recognizes same-sex marriage for income tax purposes as well as estate, gift, generation-skipping and employment tax, following the recent Supreme Court holding that state bans on same-sex marriage are unconstitutional, Obergefell v. Hodges, 576 US ___...
On behalf of Law Office of Williams & Associates, P.C. | Nov 16, 2015 | Tax Controversy
The tax code is highly complex. Yet, any number of mistakes and missteps may result in interest and penalties that can outweigh the cost of your initial tax liability. Under some circumstances, you could face criminal charges and jail time.With consequences such as...
On behalf of Law Office of Williams & Associates, P.C. | Nov 16, 2015 | IRS
The IRS continues to battle identity theft of taxpayers and is proactive for 2016 filing with its authenticity verification test when taxpayers e-file their income tax returns. The IRS is working with specific Payroll Service Providers to use a verification code on a...
On behalf of Law Office of Williams & Associates, P.C. | Nov 16, 2015 | IRS
The IRS’ federal advisory committee, known as the Information Reporting Program Advisory Committee (IRPAC), has issued its 2015 report identifying several areas in need of improvement including a revision of certain forms, improvements to the IRS use of FAQs and...
