Is Now The Time For Non-Filers To Come In From The Cold?
One of the earlier responses of the IRS to the COVID-19 crisis was IR-2020-59- IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Ironically, one practitioner sees the IRS suspension of collection activity as an opportunity for non-filers to get their compliance affairs in order. We should start with some background.
Are Gigsters Frozen Out Of SBA Disaster Relief?
As it happens I have not taken on any employees yet, so I was very disappointed when I heard from a friend who is also in the film business who might have gotten his application in ahead of me. It seems that SBA is doling out the $10,000 at a thousand dollars per employee meaning that he and I will be getting nothing.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.