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On May 12, 2025, the IRS announced that the Third Quarter 2025 IRS interest rates on overpayment and underpayment of tax will remain the same as in the Second Quarter of 2025. This means that the Third Quarter 2025 IRS interest rates will be as follows: seven (7) percent for overpayments (seven (7) percent in the case […]
On April 15, 2025, Sherayzen Law Office, Ltd., successfully completed its 2025 Spring Tax Season. It was a challenging and interesting tax season. Let’s discuss it in more detail. 2025 Spring Tax Season: Sherayzen Law Office’s Annual Compliance Clients Annual tax compliance is one of the major services offered by Sherayzen Law Office to its clients. […]
This article is an update of the prior articles on the FBAR Civil Penalties. Since the US Congress mandated the IRS to adjust FBAR civil penalties for inflation on an annual basis, this article discusses the year 2025 FBAR Civil Penalties. 2025 FBAR Civil Penalties: Overview of the FBAR Penalty System FinCEN Form 114, the Report of Foreign […]
On March 14, 2025, the Internal Revenue Service announced a tax relief for individuals and businesses in parts of West Virginia affected by severe storms, straight-line winds, flooding, landslides and mudslides that began on February 15, 2025. On March 20, 2025, the tax relief expanded to four more counties. Let’s discuss this West Virginia IRS […]
If you reside in Naples, Florida and have unreported foreign bank and financial accounts, you may be looking for a Naples FBAR Attorney. In this case, you should contact Sherayzen Law Office, Ltd., a leader in FBAR compliance, including offshore voluntary disclosures concerning delinquent FBARs. Let’s explore the main reasons for it. Naples FBAR Attorney is an International Tax Lawyer From […]