Posted on November 05, 2024
by
Daniel Hughes
With the enactment of the Corporate Transparency Act (CTA), applicable businesses, including law firms, must come into compliance with the law’s disclosure requirements by Jan. 1, 2025. The CTA requires domestic and foreign corporations, LLCs and partnerships doing business in the U.S. as of Jan. 1, 2024, to disclose for the first time the identities […]
With just a few weeks to go until Election Day, and with early voting already underway in several states, you would think that each candidate’s policy positions are firmly set by now. It would be even more reasonable to think that about their tax proposals since taxes should be less affected by day-to-day current events. […]
Posted on October 10, 2024
by
Rick Bazzani
The people you name to administer your trusts play a pivotal role in protecting your assets. Not only do they have the fiduciary duties to make prudent investment decisions and manage the distribution of trust assets as specified in your trust agreements, but they are also legally responsible for ensuring beneficiaries receive a full accounting […]
Posted on September 12, 2024
by
Andrew Leonard
The IRS scored significant wins in two separate cases before the U.S. Supreme Court and D.C. Court of Appeals. While both matters addressed different provisions of the tax code, the court’s decisions essentially fortified the IRS’s international reach and its ability to enforce compliance with various U.S. tax laws regarding taxpayers’ foreign investments and business […]
In this episode, Senior Manager Yovanny Hernandez shares the details about 1031 exchanges and how they help real estate owners mitigate taxes..
Posted on August 01, 2024
by
Brendan Kurpis
In this episode, associate tax director Brendan Kurpis explains electric vehicle tax credits and the common missteps.
Phishing scams and business email compromises (BECs) continue to make headlines, holding the titles as the most common cybersecurity breach method and the most frequently reported crimes to the FBI’s Internet Crime Complaint Center (IC3). Yet, even as businesses step up efforts to help employees learn to recognize the warning signs of these attacks, criminals […]
Posted on March 25, 2024
by
Sarah Gaymon
The passage of the Tax Cuts and Jobs Act in 2017 (TCJA) brought a series of welcome tax breaks to individuals at all income levels. However, with the law calling for many of these provisions to reset in 2026, taxpayers are running out of time to implement new strategies for maintaining tax efficiency and ensuring […]
In this episode Director of Tax Services Richard Cabrera explains why it’s important for S Corps to consider the tax implications before entertaining bankruptcy proceedings.
Posted on February 19, 2024
by
Joel Young
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has begun enforcing the Corporate Transparency Act (CTA), which requires corporations, LLCs, and some partnerships and business trusts to file beneficial ownership information (BOI) reports revealing the identities of the individuals behind those entities. While the CTA aims to bolster the country’s anti-money laundering […]
