by Mary Rose Somera | Mar 30, 2022 | Tax Compliance, Tax Strategies
Estimated Read Time: < 1 minute – The U.S. Court of Appeals for the Sixth Circuit’s recent decision in Mann Construction concludes that the civil penalties at issue could not be imposed against the taxpayers because the IRS failed to comply with the...
by Mary Rose Somera | Mar 29, 2022 | CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 3 minutes – …
by Mary Rose Somera | Feb 8, 2022 | Accounting & Business Services, CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 4 minutes – With the number of paperwork parents receive daily, they may not check on each one of them after a tiring day. But, that should not be the case when you receive Letter 6419 from the IRS. If you aren’t updated, it has been told that...
by Mary Rose Somera | Jan 14, 2022 | CPA Services, Cryptocurrency, Tax Compliance, Tax Strategies
Estimated Read Time: 5 minutes – 2021 was a record-breaking year for cryptocurrency. We have witnessed its rise and fall and how cryptocurrencies (and other forms of crypto assets) evolved over the past years. If you’re one of the more than 10% of Americans who has...
by Mary Rose Somera | Dec 3, 2021 | CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 7 minutes – Just recently, IRS has announced the new inflation-adjusted numbers for 2022 with estate and gift tax exemption climbing up to higher figures which means that affluent taxpayers can gift more to their heirs tax free during life or at...
by Mary Rose Somera | Dec 3, 2021 | CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 6 minutes – A key area of personal financial planning is preparing for the transfer of property during an individual’s lifetime and at death. Although this is not a concern of the majority, minimizing estate and gift taxes is a major...
