The IRS reopened the Offshore Voluntary Disclosure Program (OVDP) on following continued strong interest from taxpayers and tax practitioners after the closure of the 2011 and 2009 programs.
If a building is used in a business, the owner can usually take deductions on their tax return based on the cost of the building, thereby reducing the amount of income tax the owner has to pay.
Approximately 20 years ago, the Financial Accounting Standards Board (FASB) issued standards for the current presentation requirements of financial statements for non-profits.
Tanner LLC provides a full spectrum of audit and tax consulting services, offering creative solutions (based on sound accounting principles) to difficult business issues.
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