Category: Tax Services
On December 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023 into law, bringing good news to taxpayers who have suffered losses due to natural disasters. Here’s what you need to know about these changes and how they could impact your tax filings. Changes to Disaster...
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On December 3, 2024, the United States District Court for the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act (CTA) and its reporting rules. The judge ruled that the CTA likely constitutes an unconstitutional overreach by Congress. Consequently, the upcoming compliance deadline has been delayed...
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The Corporate Transparency Act from 2021 (CTA) created new reporting requirements that will impact many businesses. Certain companies will need to disclose their beneficial owners through filings with the Financial Crimes Enforcement Network (FinCEN) beginning on January 1, 2024. The report will be filed through FinCEN’s website (https://www.fincen.gov/boi). Who is...
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As the saying goes, “Make hay while the sun shines,” and 2024 promises to be about as sunny as it gets from a tax perspective. As the sun begins to set on 2024, let’s look at just a few of the many opportunities for business owners to do some year-end...
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The Corporate Transparency Act from 2021 (CTA) created new reporting requirements that will impact many businesses. Certain companies will need to disclose their beneficial owners through filings with the Financial Crimes Enforcement Network (FinCEN) beginning on January 1, 2024. The report will be filed through FinCEN’s website (https://www.fincen.gov/boi). Who is...
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