Limited Liability Company (LLC), Tax Penalties

How to Motivate Your Team with Equity Compensation: What Startup Companies Need to Know

Lippes Mathias LLP on 8/25/2022

Cash-strapped startup companies often find themselves looking for creative ways to engage and retain qualified people. One common way is to offer different types of equity compensation. ...more

Waiver Of Penalties And Interest In Connection With 2018 Pass-Through Entity Tax

Pullman & Comley, LLC on 9/6/2019

In the Spring of 2018, the Connecticut Legislature adopted a Pass-Through Entity Tax (the “PE Tax”), which imposes a 6.99% tax on pass-through entities (partnerships, limited liability companies and S-corporations). The PE...more

What are some of the monetary penalties and other consequences of failing to properly report my foreign real estate and other...

Rosenberg Martin Greenberg LLP on 3/21/2019

Depending upon how foreign real estate is owned and/or controlled, a number of different tax reporting regimes may be implicated. Each of these has its own corresponding penalties and generally applies to United States...more

Non-US Persons Holding US Real Estate: Penalties For Failing To File Certain IRS Forms Are Increasing To $25,000

Butler Snow LLP on 3/14/2019

Most non-US persons who are properly advised regarding US real estate ownership will structure their holdings to include some combination of US LLCs, non-US companies, non-US partnerships, non-US trusts and/or non-US...more

The Maryland Comptroller is auditing my business regarding sales and use tax reporting. Can I be held personally liable for those...

Rosenberg Martin Greenberg LLP on 2/11/2019

Yes. If the Comptroller finds your business liable for sales and use tax, then you could be held personally liable for the tax, interest, and penalties assessed. Maryland law extends personal liability for sales and use tax...more

Decoding the Tax Cuts and Jobs Act – Part IV: The IRC § 199A Deduction for Qualified Business Income—the Devil Is in the Details...

Foster Garvey PC on 1/30/2018

BACKGROUND - The Tax Cuts and Jobs Act (“TCJA”) adopted a new 20% deduction for non-corporate taxpayers. It only applies to “qualified business income.” The deduction, sometimes called the “pass-through deduction,” is...more

CPA Shoptalk: 8 Takeaways

Schwabe, Williamson & Wyatt PC on 1/18/2018

On January 10th, 11th and 18th our tax attorneys ?hosted a "CPA Shoptalk" seminar in ?Portland, Vancouver and Bend. Below are ?some key takeaways to consider... 1. Partnership Audit Rules Post-TEFRA - The Balanced...more

Limited Liability Company (LLC) › Tax Penalties