100+ Years of Combined Tax Resolution Experience.
International popstar Shakira is in more hot water with the Spanish government. The singer has been charged with tax evasion. Shakira Isabel Mebarak Ripoll’s, known as Shakira, tax problems started because of where she was claiming her residency. Shakira claimed she was living in the Bahamas from 2011 through 2014, but Spanish authorities say the singer was residing in Spain. The authorities say this allowed Shakira to forgo paying millions of dollars in taxes. Spanish authorities say Shakira owes more than 14.5 million euros ($16.4 million U.S. dollars) in unpaid taxes and are trying to hold her criminally responsible for the unpaid taxes because she took steps to conceal her residency.
Under Spanish law, if you spend at least a half a year and a day in Spain, you are considered a Spanish tax resident and you are subject to tax on all worldwide income.
The world of tax laws is a complex maze, and the IRS statute of limitations is your guide. It tells you how long the IRS has to audit your tax returns and collect any money you might owe. Knowing this timeframe is essential. It’s your protection against the IRS coming after you years down the...
If you and the Internal Revenue Service (IRS) disagree on an outcome or decision involving your tax matter, you can legally appeal their decision. IRS tax appeals allow you to state your case to the IRS appeal division for another evaluation. Whether you need to dispute a tax penalty, assessment or other decision from the...
One of the keys to business success is understanding the tax rules and how they apply to or affect your company. In states where marijuana is legal for medical or recreational use, there are usually special taxes that apply to the sale of the drug. If you’re considering opening a dispensary or own one already,...
The landscape of cannabis taxation is as dynamic as the changing tides of its legal status across various jurisdictions. Entrepreneurs and consumers alike must navigate a complex maze of federal and state tax regulations that often clash or overlap, especially as more states join the roster of cannabis-legal states. Businesses entrenched in the burgeoning industry...
As the fiscal year draws to a close, taxpayers might observe a shift in their strategies by assessing the updated landscape of tax brackets for 2023. With the guidance of Polston Tax’s experienced advisors, individuals, and businesses can navigate the system’s complexities, ensuring a path to financial efficiency and potential savings. Tailored tactics can cater...
Sales tax can be a daunting topic for any business owner, especially if your organization sells across state lines. Knowing the ins and outs of sales tax law is essential for staying compliant and avoiding fines, and it can help you set up your business to meet the requirements of different states, including sunny Florida....