How taxes and Business Entities Work Topics: · Is there any difference in an LLC or S-Corp when forming a business and looking at potential tax liability? · How can this affect things if the business breaks up? · How long do the tax records need to be kept?
How Long Do Tax Records Need To Be Kept? The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for […]
How Taxes And Business Entities Work Is there any difference in an LLC or S-Corp when forming an entity and looking at potential tax liability? When clients inquire on what type of entity should be formed for the operation of a business venture, we refer to that type of discuss ion as “Choice Of Entity”. […]
IRS Generates $8 Billion from Voluntary Disclosure. Expect More FATCA Reporting in 2016 and Beyond The Internal Revenue Service faces many challenges when it comes to enforcing compliance with U.S. tax laws for individuals with offshore assets and income sources. To strengthen these efforts, the IRS has implemented offshore voluntary disclosure programs (known as OVDP’s) […]
Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses Employee Benefits and Taxes On ESPN Radio – June 24, 2016 Show Topics Covered: 1. Special Guest: Cade VanHeel, Pay it Forward Processing Regional Sales Office Manager 2. Employers Cut Down on Wellness Benefits 3. How Taxes And Business Entities Work 4. Questions from our […]
Jeffrey B. Kahn, Esq. and Gary Sussman Discusses The Markets, Taxes and the IRS On ESPN Radio – June 17, 2016 Show Topics Covered: 1. Special Guest Steven Hyde, Loan Officer at Movement Mortgage 2. The Most Pessimistic Bull Market in History 3. Streamlined Filing Compliance Procedures if you have undisclosed foreign accounts. 4. Questions […]
Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses San Diego Real Estate, Scotland’s Proposed Alcohol Price Increase and the Panama Papers On ESPN Radio – June 10, 2016 Show Topics Covered: 1. Interview with Vivienne Kaseno, Licensed Realtor at Realty ONE Group and Director of Homes for Hope and Healing 2. Alcohol Makers […]
Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses Oil Price Impact On Saudi Arabia, Newest IRS Scam and Taxes On ESPN Radio – June 3, 2016 Show Topics Covered: Meet Our Guest Of The Day: Ed Quinlan, Market President of Corporate Alliance. Oil Change: Affluent Saudi Arabia Goes to Work IRS Warns of […]
With the announcement released just recently that the IRS is hiring hundreds of new agents dedicated to doing tax audits, this means that it will be crucial for US taxpayers to stand up and take notice. In addition, with these new hires, the reports indicate that the agents are going to be more focused, on […]
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