Christine Concepción Featured on The Scholar Wealth Podcast
On his podcast, The Scholar Wealth, host Stephan Shipe was joined by Christine Alexis Concepción, Esq. to examine how families think about cross-border living, tax exposure, and long-term planning when life extends beyond just one country. The following is a transcript from the podcast. Listen to the entire podcast here. From the Field – Cross-Border […]
Corporate Transparency Act Update: Unenforceable Against Only Certain Businesses
Background In 2021, Congress enacted the Corporate Transparency Act (“CTA”) as part of an anti-money-laundering initiative. The CTA mandates that all entities formed or registered to do business in the US (“Reporting Companies”) and all foreign entities registered to do business in any state, unless exempt, must disclose their beneficial ownership to the Department of […]
IRS’s New Tax Amnesty Program: Voluntary Disclosure Program for questionable Employee Retention Credits
On December 21, 2023, the Internal Revenue Service announced a new Voluntary Disclosure Program (the “ERC VPD”) to assist taxpayers who want to pay back the IRS after having erroneously filed for Employee Retention Credits (the “ERC”). The IRS is also urging employers to withdraw pending ERC claims in a separate program that allows them […]