Please ensure Javascript is enabled for purposes of website accessibility

The Risks of an IRS Quiet Disclosure

What are the risks of an IRS quiet disclosure? Is there a formal IRS processknown as a "quiet disclosure," and does the IRS honor this strategyfor amended tax returns? There is reason to be concerned about the growing number of clients withgenuine issues with unreported income (especially when it involves...

Quick Reminder to All Self-Employed Workers, Businesses and Estimated Tax Filers: Deadline Approaching

Just a quick reminder to all self-employed workers, businesses, and estimated tax filers: We are a week away from the Aprile 15 deadline for 2024 Q1 estimated tax payments.  This includes many corporations, retirees, high income wage earners and expatriates who are required to “pay-as-you-go.”  US taxpayers are required to...

IRS Tax Filing is to Begin January 29, 2024

The IRS has announced tax filing is to begin January 29, 2024 for US 2023 tax returns.  Most of the almost 130 million individual tax returns will be due on Monday, April 15, 2024.  The IRS will accept your tax return after January 29, but you do not need to...