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News and Events

Archive by Month: May 2023

Is the IRS Monitoring My Check Cashing Location?

Posted in News, Offshore Account Update on May 31, 2023

As a U.S. citizen or resident living in Virginia, you have an obligation to report your income to the Internal Revenue Service (IRS). This is true regardless of what you do with your income—whether you receive direct deposits, deposit your paychecks with your bank, or cash your paychecks as soon as you receive them. Read More

Partnership Tax Audits: The IRS' Role in the Audit

Posted in News, Offshore Account Update on May 19, 2023

Facing a partnership tax audit means dealing with the Internal Revenue Service (IRS). The IRS has prioritized partnership tax compliance in recent years, and audits targeting partnerships can lead to substantial liability not only for the entity but potentially for individual partners as well. Read More

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