The IRS offers first-time penalty abatement waiver as a one-off remission of failure-to-file, failure-to-pay and failure-to-deposit penalties if certain criteria are met. We have in-house experience on achieving this penalty waiver, based on the American Institute of...
The recent Global Forum on Transparency and Exchange of Information for Tax Purposes held in Berlin, Germany endorsed the new OECD standard called the global Common Reporting Standard for the automatic exchange of tax information (AEOI). The global move towards the...
