by Pierre Philantrope | Aug 16, 2023 | Tax Tip
Many taxpayers who live and work in various parts of the world, such as Switzerland, have concerns about their U.S. tax obligations. We want to alert you to the tax implications you might encounter as a U.S. citizen or resident alien living or working abroad. We are...
by Pierre Philantrope | Jul 19, 2023 | Tax Tip
In Gans v. Commissioner, the taxpayer prevailed over the Internal Revenue Service by establishing that she was abused by her husband, among others, and consequently qualified for relief from joint tax liability. Married taxpayers are jointly and severally liable for...
by Pierre Philantrope | Jun 7, 2023 | Tax Tip
The Internal Revenue Service would, in some cases, audit tax returns to ensure that taxpayers adequately pay their tax. Knowing what the IRS will look for during an audit and getting prepared in case of an audit save taxpayers time and money. A tax audit can go on for...
by Pierre Philantrope | May 24, 2023 | Tax Tip
Business Owners Can Hire their Children to Lower their Tax Liabilities Summer is coming! If you have not taken advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not change your focus to get a huge tax...
by Pierre Philantrope | Apr 26, 2023 | Tax Tip
Taxpayers are liable for every position taken on their tax return. You take a position on the return by reporting certain items of income and taking some deductions. When a taxpayer signs the return, the taxpayer attests under penalty of perjury that the statement...
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