Accounting & Tax Professionals

BOI Reporting Requirements: A Game-Changer for Domestic Companies and U.S. Persons

In a significant development, the Financial Crimes Enforcement Network (FinCEN) has introduced an interim final rule that effectively eliminates the Beneficial Ownership Information (BOI) reporting requirements for domestic companies and U.S. persons. This move, aligned with the Corporate Transparency Act (CTA), marks a pivotal shift in the regulatory landscape for businesses across the nation. 🔍 […]

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Title: 2025 Tax Season Readiness: Tips to Stay Ahead and Stress-Free

It’s that time of year again—when W-2s and 1099s magically appear in your mailbox and the thought of “filing taxes” starts creeping into your daily to-do list. But don’t worry—this doesn’t have to be a nail-biter. With a little early prep and a few pro tips, you can breeze through tax season like a boss.

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IRS Payment

Covid-19 | IRS Payment Deadline Extension Details

Issue Number:  Special Edition Inside This Issue 1.  Payment Deadline Extended to July 15, 2020 The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file

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Tax Return

How to Get Your Tax Returns Close to Zero

Getting zero taxes back might not seem like the most attractive idea if you’re used to getting sizable returns. However, there are some benefits to zeroing out your return. It means you’ve paid exactly what you owed in taxes throughout the year, and weren’t essentially giving the federal government an interest-free loan in the previous

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