Tax evasionIn this paper, I review and assess what we have learned about what motivates individuals to pay – or to not pay – their legally due tax liabilities. I focus on three specific questions. First, what does theo...
Due Diligence: Researching excise tax issues thoroughly as part of business deals. Order to evaluate potential risks or obligations, this could entail looking at a company's excise tax compliance status as part of mergers, acquisitions, or investments. Helping companies file claims for excise tax ...
Luxury Tax and Compliance, Enterslice has a dedicated team that will help you with Luxury Tax and Compliance audit services.
With 3 in 4 expats frustrated with the tax filing process and 1 in 4 lacking confidence that they’re doing so correctly, tax equalization provides support, reduces frustration, and ensures compliance. How Does Tax Equalization Work? Companies like Deloitte and PwC, as do many tech giants, ...
Reporting agency: FBAR is filed with the Financial Crimes Enforcement Network (FinCEN), while Form 8938 is submitted to the IRS with the tax return. Asset types: FBAR focuses on financial accounts, while Form 8938 covers a broader range of foreign financial assets. Penalties: Non-compliance pena...
The new 1099-K reporting threshold aims to increase voluntary tax compliance. “The way these activities are taxed has not changed, but the way the IRS learns you've received payments has,” Charles H Thomas, certified financial planner and founder of Intrepid Eagle Finance, says. ...
What is the Foreign Account Tax Compliance Act? Who needs to file FATCA? What are the FATCA filing requirements? What must be reported under FATCA? Which forms will you need for FATCA reporting? Pay your taxes from abroad with Wise
It also discusses future possibilities and the data required to progress in this area. It is thus particularly useful as a guide for those planning or just beginning to work in the tax compliance field.doi:10.1111/1467-8462.12158Benno Torgler...
1. Eliminates Errors and Potential Non-Compliance Tax provisioning software that integrates with your core source systems like your ERP, HRIS and payroll systems can help with automating the data entry process. This reduces manual work, and in turn, eliminates errors that could lead to regulatory...
Is tax loss harvesting worth it? The potential for tax loss harvesting benefits will be specific to your financial situation. Here are some situations where tax loss harvesting might be useful. Given the need for proper coordination and compliance with complex tax rules for the desired result, it...