FF&F News & Events
This article, authored jointly by the global mobility experts at Alliott Group member firms Farkouh Furman & Faccio (New York, NY) and Hardy, Normand & Associés (Montreal, Canada) is meant to give a general overview of some of the more common issues that could arise in connection with U.S. employers seconding an employee to Canada.
On September 10, 2018, House Republicans advanced another round of legislative efforts to solidify the new tax code. Collectively, the bills are intended to make it easier for families and businesses to save for retirement, and support the growth of business startups.
If you owe a payment to the IRS, there are a number of options available for you to either pay in full or to enroll in a payment plan. Having the ability to make tax payments in increments through an IRS payment plan is especially helpful should you owe an amount substantially higher than you had anticipated.
Mission Accomplished: FF&F Ready for the Battles of International Business After Attendance at International Alliance’s Worldwide Conference in Vancouver
Representatives from FF&F joined a group of 90 accountants and lawyers in Vancouver, Canada last week for Alliott Group’s 2018 Worldwide Conference. This year’s annual event blended Top Gun style management training with updates on the latest international developments in the world of tax, business, marketing and the law.
Cryptocurrencies such as Bitcoin have drawn significant public attention since December 2017 when the prices of these digital currencies spiked immensely, and investors of such digital assets are learning that they may owe a significant amount in taxes as a result of their gains.
Not only is thorough record keeping essential to the preparation of your income tax returns, but keeping documentation is crucial should you ever become subject to an IRS audit. Thorough record keeping is also important should you ever have to file amended tax returns.
Taxpayers who previously took the home office deduction as employees will no longer be able to take the same “miscellaneous expense” deduction on their tax returns.
It’s of crucial importance to understand the methods by which the IRS contacts and retrieves information from taxpayers, as well as the various types of fraud that have become prevalent in recent years.
Knowing the various regulations and requirements that apply to you in a home sale will help you ensure that you’re taking all the right steps to decrease or eliminate your tax liabilities as they relate to the sale.