Tax investigation

Consolidated Water Sets Second Quarter 2021 Earnings Conference Call for Tuesday, August 17, 2021 at 11:00 a.m. ET

Retrieved on: 
Tuesday, August 3, 2021

Consolidated Water management will host the call, followed by a question and answer period.

Key Points: 
  • Consolidated Water management will host the call, followed by a question and answer period.
  • Please call the conference telephone number five minutes prior to the start time.
  • Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems.
  • The company operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States.

Shield Advisory Group, with its Unique Consultancy Approach, Gives 'Credit' to Small Business with an Ally in D.C.

Retrieved on: 
Monday, August 2, 2021

After much analysis and research, we have found the balance between accessibility and breadth of services American businesses crave."

Key Points: 
  • After much analysis and research, we have found the balance between accessibility and breadth of services American businesses crave."
  • This time around, the IRS actually applied a tax credit to the pandemic period resulting in refunds for small businesses."
  • Shield Advisory Group continuously scours the small business landscape seeking unique solutions for Small Business once only accessible to large businesses."
  • The ERTC is one such Program SAG's innovation has brought to the fore for Small Business.

MEDIA ALERT — Recent Supreme Court of the United States decisions have taxpayer implications that tax & accounting professionals should consider

Retrieved on: 
Thursday, July 22, 2021

What: The Supreme Court of the United States (SCOTUS) ended its 2020/2021 term at the end of June with the usual flurry of end-of-term decisions.

Key Points: 
  • What: The Supreme Court of the United States (SCOTUS) ended its 2020/2021 term at the end of June with the usual flurry of end-of-term decisions.
  • While SCOTUS usually does not hear a lot of tax cases, a few of its recent decisions at least touched on tax issues.
  • The cases involved deference to Internal Revenue Service (IRS) regulations and pronouncements, state taxation of remote workers, and the Affordable Care Act.
  • The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional services.

Maximus Federal Awarded Two Contracts at IRS for Modernization and Support Worth $151 Million

Retrieved on: 
Tuesday, July 20, 2021

Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that it had been awarded two contracts from the Internal Revenue Service (IRS) worth a combined $151 million.

Key Points: 
  • Maximus (NYSE: MMS), a leading provider of government services worldwide, announced today that it had been awarded two contracts from the Internal Revenue Service (IRS) worth a combined $151 million.
  • The two contracts, awarded on the GSA Alliant 2 contract vehicle, will allow a continued partnership between Maximus and the Agency, which initially began in 1991.
  • The first contract is a $76 million task, funded by the Office of the Chief Information Officer, with the Treasury Departments IRS to provide Masterfile System Programming Support Services.
  • The second contract is a $75 million Development, Infrastructure, Security and Modernization (DISM) task to support the Treasury Departments IRS Office of the Chief Information Officer to provide Technology Integration Office support.

From the Tax Law Offices of David W. Klasing - What Does it Actually Mean When Biden Says He is "Closing the Tax Gap?"

Retrieved on: 
Tuesday, July 20, 2021

"You might be wondering what this actually means.What is the tax gap and why is it so important to eliminate it?

Key Points: 
  • "You might be wondering what this actually means.What is the tax gap and why is it so important to eliminate it?
  • If you are concerned about a potential hike in IRS civil and criminal tax investigative measures to combat the growing tax gap, you should secure our help.
  • What Does an Increase in IRS Funding to Close the Tax Gap Mean for You?
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

Taxpayers with Crypto-Assets Face Daunting New IRS Challenges

Retrieved on: 
Friday, July 9, 2021

These misinformed taxpayers risk being swept up in IRS audits or worse."

Key Points: 
  • These misinformed taxpayers risk being swept up in IRS audits or worse."
  • Mr. Harnsberger continued, "Taxpayers have no understanding of how sophisticated the IRS is and how detailed these new examinations will be.
  • Taxpayers who own crypto currency are going to face daunting new IRS challenges, and the cost for representation in these types of enforcement activities can be significant and the penalties astronomic, even for a modest problem."
  • Mr. Harnsberger is an Enrolled Agent admitted to practice before the IRS and holds an NTPI Fellowship and Paralegal Credential.

AMMO, Inc. Updates First Quarter Fiscal Year 2022 Revenue Forecast to $44 Million – First Quarter Reporting Scheduled for August 16, 2021

Retrieved on: 
Thursday, July 8, 2021

AMMO anticipates reporting $44 million in revenue for the first quarter of the Companys 2022 fiscal year on or before August 16, 2021.

Key Points: 
  • AMMO anticipates reporting $44 million in revenue for the first quarter of the Companys 2022 fiscal year on or before August 16, 2021.
  • We also plan to report our first positive net income quarter, noted Fred Wagenhals, AMMOs Chairman & CEO.
  • As a result, we are poised to report a 354% year-over-year revenue increase with the anticipated reporting of $44 million in revenue for the first quarter.
  • We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made.

From the Tax Law Offices of David W. Klasing - What is "Willful Blindness" in Relation to Tax Crimes?

Retrieved on: 
Wednesday, July 7, 2021

Willful blindness can be a difficult hurdle to navigate in a court of law.

Key Points: 
  • Willful blindness can be a difficult hurdle to navigate in a court of law.
  • This is certainly the case in white-collar and tax cases, where the type of knowledge that the prosecution must prove is often complex.
  • If you are facing criminal tax charges from the IRS, or if you are concerned about a potential case against you, it is important that you contact the dually licensed Tax Attorneys and CPAs at The Tax Law Offices of David W. Klasing.
  • Call our offices today at (800) 681-1295 or schedule a reduced rate consultation online here
    View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

Raiffeisen Bank International AG Comments on Legal Proceedings Against Scully Royalty Ltd and Others

Retrieved on: 
Tuesday, July 6, 2021

In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).

Key Points: 
  • In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).
  • In September 2019, RBI obtained an injunction from the Grand Court in the Cayman Islands against Scully to prevent dissipation of Scully's assets pending a trial.
  • Scully has appealed that decision, and the hearing of its appeal is expected to take place in September 2021.
  • These include the shares and assets of various subsidiary companies that make up the Scully group's Mining, Industrial and Merchant Banking segments.

'Why Cayman' four-part video series released by Dart Real Estate

Retrieved on: 
Saturday, July 3, 2021

For the latest episode updates, subscribe to Dart Real Estate's YouTube channel or follow Dart Real Estate on LinkedIn and Twitter .

Key Points: 
  • For the latest episode updates, subscribe to Dart Real Estate's YouTube channel or follow Dart Real Estate on LinkedIn and Twitter .
  • Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.
  • Dart Real Estate also manages Regatta Office Park, Flagship Building, Island Plaza and the Cayman Islands Yacht Club.
  • Dart Real Estate strives to enhance the quality of life and to create opportunities for all in the Cayman Islands through purposeful placemaking, meaningful connections and lasting experiences that transcend bricks and mortar.