Deductibility of Corporate Expenses Covered by Officers or Shareholders

Deductibility of Corporate Expenses Covered by Officers or Shareholders

Do you play a major role in a closely held corporation?Do you sometimes spend money on corporate expenses personally? Here's what you need to know.
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Tax Refund Offset Taking Your Tax Refund? Find Out Why

Tax Refund Offset Taking Your Tax Refund? Find Out Why

Thought you'd receive a tax refund, but it never arrived? It may have been submitted for tax refund offset by an agency of the federal or state government.
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Don't Be A Victim to IRS-Impersonating Scammers

Don't Be A Victim to IRS-Impersonating Scammers

Scammers use taxpayers’ fear of the IRS to ply their scams. They try to trick you into divulging your SSN, DOB, and other personal data to scam the IRS.
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The US Loses Out On $1 Trillion a Year Due to Tax Evasion, IRS Estimates

The US Loses Out On $1 Trillion a Year Due to Tax Evasion, IRS Estimates

IRS Commissioner Rettig says the US may be losing up to $1 trillion/year in evaded taxes. He listed many tax evasion techniques they had not been aware of.
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Made a Mistake on Your Tax Return - What Happens Now?

Made a Mistake on Your Tax Return - What Happens Now?

Generally speaking, tax return mistakes are more common than you probably realize. Taxes have grown complicated and COVID tax relief has made many changes.
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Penalty Notice sign

More Relief from Failure-to-Deposit Employment Tax Penalties

An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
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Do You Owe Taxes and Can't Pay by the Due Date?

Do You Owe Taxes and Can't Pay by the Due Date?

What do you do if you end up owing money on your taxes? The IRS encourages you to pay the full amount by imposin penalties and interest on late payments.
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New Year 2021 Creative Design Concept - 3D Rendered Image

2021 Penalties for Health Benefits and Other Employer Plans

The DOL announced the 2021 annual adjustments to civil monetary penalties for many benefits-related violations. Fiducial has the highlights!
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