MBN to host CNMI and IRS tax workshop
The Marianas Business Network, in partnership with Azarvand Tax Law Firm, invites business owners and self-employed individuals to a practical and informative workshop on navigating CNMI and IRS tax obligations.
The workshop will be held on Wednesday, Oct. 23, from 10:30am to 12 noon at the Tom Yum Restaurant Karaoke & Bar in San Antonio.
Attendees will gain essential knowledge to help them stay compliant and avoid common tax penalties, all while enjoying a buffet lunch.
Due to limited seating, RSVP is required at this link: https://bit.ly/3Yq7xg0.
What you’ll learn:
• IRS filing requirements for self-employed CNMI residents and employers
• Foreign bank account reporting obligations
• Defending an ERC audit or disallowance
• Tax collection issues and alternatives (IRS and CNMI)
• Offer in compromise program
• Penalty abatement
• Installment agreement
• Currently not collectible status
• Common penalties assessed against CNMI businesses and how to avoid them
• Addressing misclassified workers before the IRS takes action
• New corporate transparency act filing requirements
Why attend?
• Gain expert insights into local and federal tax regulations.
• Learn how to protect yourself from penalties and interest charges.
• Participate in a Q&A session to address your unique tax concerns.
The CNMI and IRS tax workshop is free for Azarvand Tax Law clients (past and present) and $15 for all other attendees (payable at the door, includes buffet lunch).
For more information, contact the Marianas Business Network’s PK Phommachanh-Daigo at (670) 286-3010 or Azarvand Tax Law at (670) 785-4050 and www.azarvandtaxlaw.com.
The Marianas Business Network is a consortium of small businesses in Saipan, offering networking, support, and educational opportunities for entrepreneurs in the Northern Marianas.
Azarvand Tax Law provides comprehensive tax planning, compliance, and resolution services to businesses and individuals, with expertise in both CNMI and IRS tax matters. (PR)
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