Filing for bankruptcy can be a daunting decision, often seen as a last resort for individuals and businesses facing overwhelming financial difficulties. While bankruptcy can provide...
Posted by Rosovich & Associates, Inc. on 11/17/2023
The United States legal system comprises multiple federal circuits, each responsible for handling appeals and cases from a specific geographical region. The 9th Circuit Court stands...
Posted by Rosovich & Associates, Inc. on 09/22/2023
Trusts are powerful financial tools that enable individuals to manage and distribute their assets according to their wishes while potentially minimizing estate taxes and probate processes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/13/2023
Taxpayers have the opportunity to come forward and voluntarily address their tax noncompliance through the IRS Voluntary Disclosure Program. This article examines the advantages of...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/23/2023
When dealing with complex tax matters, many individuals and businesses need clarification on whether they need the services of an accountant or a tax lawyer. Both professionals play...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/23/2023
Tax penalties are not to be messed with but avoided. During every tax season, the IRS and Justice Department arrest faulty taxpayers. The scenario is threatening to many taxpayers...
Posted by Rosovich & Associates, Inc. on 10/07/2022
Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
We totally get it. People with thousands and millions of dollars sometimes like to hide their money abroad.Of course, the government disapproves of tax evasion. After the financial...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 12/27/2021
Almost everyone wants to send the smallest amount possible to the IRS, and there is nothing wrong with that. However, your method of reducing your tax bill might get you into trouble....
Posted by Rosovich & Associates, Inc. on 10/18/2021
