by Levins Tax | Feb 15, 2022 | Uncategorized
When a married couple files a joint return, both spouses are considered to be responsible for the entire tax liability. There are circumstances when one spouse may not be an active participant in the family’s finances or be aware of all the information in the tax...
by Levins Tax | Feb 9, 2022 | Uncategorized
Offshore accounts get a bad rep. The truth, however, is that many people choose to bank with foreign entities in order to take advantage of legal protections, potentially lower tax rates and most importantly an increased sense of privacy. Storing your money in an...
by Levins Tax | Feb 9, 2022 | Uncategorized
In early 2021, the United States Congress passed H.R. 1786, also known as the “Stop Tax Haven Abuse Act.” The passage of this new legislation marks a renewed focus on eliminating tax evasion by the IRS, the Department of Justice and the United States government as a...
by Levins Tax | Jan 25, 2022 | Uncategorized
With virtual currency transactions becoming more frequent in recent years, the IRS has begun addressing taxpayer noncompliance related to virtual currency transactions. In 2019, the IRS started its Virtual Currency Compliance campaign by sending educational letters...
by Levins Tax | Jan 13, 2022 | Uncategorized
Sales tax compliance is the preparation and filing of sales and use tax returns. Companies have to provide exacting and detailed analysis of transaction-by-transaction dealings. It’s a complex and challenging process for even the most powerful companies. When errors...
by Levins Tax | Jan 10, 2022 | Uncategorized
Businesses that collect sales and use tax in Massachusetts were not required to file or make payments to the Department of Revenue (DOR) between March 2020 and October 30, 2021. Collection of the tax was still required on qualified sales during the period. The taxes...
