- 631-443-3482 (Pin: 96767)
- Serving in Newark, NJ
- 323-800-4939 (Pin: 35209)
- Serving in Edison, NJ
From the Business : PAY Financial Services is one stop for all your accounting, taxation and financial consulting services with over 15 years’ experience. We are a full range financial services company providing incorporation, book keeping & accounting, costing, payroll processing, tax preparation, cash flow, budgeting, compilation and finance consulting. We cater to a wide variety of clients ranging from small to medium sized corporations to individuals. We are committed to provide a complete range of quality service on timely basis at affordable price.
The Internal Revenue Service (IRS) has recently announced groundbreaking penalty relief and compliance initiatives, offering a lifeline to individuals, businesses, and tax-exempt organizations grappling with back taxes. This move, totaling approximately $1 billion in relief, is set to have significant implications for the Indian community in the United States. Let's delve into what this means for you and how Sulekha Finance and Taxation can help you navigate these changes.
The IRS has recently surpassed $1 billion in collections from high-wealth taxpayers as part of its enhanced compliance efforts under the Inflation Reduction Act. This milestone reflects the agency's ongoing commitment to ensuring a fairer tax system and improving public services. For Indians in the USA, this development has both advantages and disadvantages. Let's delve into the implications of these efforts and understand how they impact high-wealth taxpayers.