OBBBA – What Tax Practitioners Should Know
What Tax Pros Should Know About the Big Beautiful Bill Congress has just enacted the One Big Beautiful Bill Act (“OBBBA”), a sweeping tax-and-spending package signed into law on July 4, 2025. Here’s a quick look at the top tax-related provisions that every practitioner should have on their radar: TCJA Permanently Extended: Solidifies individual tax […]
Tax Newsletter – July 2025
X LinkedIn Facebook Email Print Tax Newsletter – July 2025 In this Issue: Issue 1 – Treasury, DOGE to Continue IRS Overhaul Issue 2 – TIGTA Reports on 2024 Filing Season Issue 3 – OPR: Request Circular 230 Records Issue 4 – Crime Desk – May 2025 Issue 5 – O.C. Staffing Owner Sentenced Issue […]
Tax Newsletter – June 2025
X LinkedIn Facebook Email Print Tax Newsletter – June 2025 In this Issue: Note: Quarterly Tax Update – Part 1 (6/26/25) Issue 1: One, Big, Beautiful Bill Issue 2: Common Scams to Avoid Issue 3: CP161 Notices Issue 4: IRS Workforce Update Issue 5: SSA First 100 Days Issue 6: Digital SSN Access Issue 7: […]
Tax Newsletter – May 2025
X LinkedIn Facebook Email Print Tax Newsletter – May 2025 In this Issue: Issue 1: IRS Marks 70th Anniversary of April 15 Tax Filing Deadline Issue 2: Extending the Trump Tax Cuts – Ways and Means Committee Issue 3: Reminder to U.S. Taxpayers Abroad – File tax return by June 16 Issue 4: Trump […]
Tax Newsletter – April 2025
Tax Newsletter – April 2025 In this Issue: UPDATE: Meet JoJo ➡️ the NEW Basics AI Agent Issue 1: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies Issue 2: DOGE Issues Issue 3: Social Security Administration Resumes Treasury Offset Program Collections After COVID-19 Suspension Issue […]
Tax Newsletter – March 2025
Tax Newsletter – March 2025 In this Issue: Update: Get the latest on BOI drama Issue 1: Keeping Ourselves Stressless During Tax Season Issue 2: A Computer Programming Change Is Needed to Delay the Erroneous Issuance of Refunds Based on Dishonored Checks Issue 3: Revenue Procedure 2025-16 Issue 4: Don’t Wait on Hold; Use IRS […]
Tax Newsletter – February 2025
Tax Newsletter – February 2025 In this Issue: Most Recent News on Corporate Transparency Act as of January 25, 2025 Issue 1: 2025 Tax Season Begins January 27, 2025 Issue 2: Disaster-area Clients with Extensions: Some Must File by Feb. 3, Others May 1 Issue 3: Accessing Retirement Funds in a Disaster Issue 4: Standard […]
Tax Newsletter – January 2025
2025 Basics & Beyond Tax Newsletter – January 2025 December 26, 2024, Update BOI Reporting Put on Hold Yet Again – We are back to wait and see!!!!!! The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) have been temporarily halted following recent court rulings. On Dec. 26, 2024, the 5th […]
2024 Year-End Seminars: Questions & Answers
2024 Year-End Seminars: Questions & Answers Note To All: We did our best with the questions posed at the five Year-End Webinars. There were a few where additional information was needed and could not be addressed fully. Also note the CHANGE to the BOI -Corporate Transparency Act We left all the questions intact as posed […]
Tax Newsletter – December 2024
Tax Newsletter: December 2024 1040 Shutdown begins November 30, 2024 In this Issue: Proc. 2024-40 Inflationary Adjustments for 2025 – Issues 1-34 Notice 2024-80 – 2025 Amounts Relating to Retirement Plans and IRAs, as Adjusted for Changes in Cost-of-Living Disclosure Issues When Sharing Partner Information with Partnership IRS to Use IP PINs to Stop Refund […]
