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A business selling both groceries and prepared food runs two tax regimes at once: exempt food products on one side, meals
Massachusetts requires a restaurant to register with the Department of Revenue to collect meals tax before the business opens, not after
A voluntary tip is never part of the taxable meal price. A mandatory service charge can also escape Massachusetts meals tax,
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Having heard of the FBAR does not make a filing failure willful. The IRS defines non-willful conduct
A foreign accountant can be excellent under local law and never retained for U.S. filing obligations. A
Update: the IRS has withdrawn the Delinquent FBAR Submission Procedures. The programme’s page on irs.gov now returns
A foreign corporation with no operating income can still carry Form 5471 questions. Ownership, filer category, capital
The belief that FBAR covers only personal accounts is one of the most common explanations for missed
Filing FBARs that list some foreign accounts and omit others is not automatically willful, but it raises
Update: the IRS has withdrawn the Delinquent FBAR Submission Procedures. The programme’s page on irs.gov now returns
Reporting a foreign corporation’s salary or dividends on Form 1040 does not satisfy Form 5471, which is