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Written by Ather Kandella, Levy Pilotte Preparer Penalty Subsection 163.2(4) of the Income Tax Act (ITA), the “preparer penalty,” provides for a penalty on a person who makes, or participates in, assents to, or acquiesces in the making of aread more
Written By Beth Porter, Noseworthy Chapman Attracting and retaining employees has never been more challenging, and a good benefits plan, including health insurance coverage, is often the most important element of an employee’s compensation. It is becoming increasingly difficult toread more
Written by Ashna Pahwa, Fruitman Kates LLP What is Alternate Minimum Tax (“AMT”)? The AMT is a separate tax system which is designed to ensure that wealthy individuals (including certain trusts) with high gross income that is taxed at preferentialread more