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 […]
Tax Blast Newsletter – November 2024
Stay informed with the November 2024 Tax Newsletter In this Issue: Social Security Announces 5 % Benefit Increase for 2025 IRS Invites Public Feedback on Draft Form 7217 Partner’s Report of Property Distributed by a Partnership IRS Direct File Set to Expand Availability in a Dozen New States and Cover Wider Range of Tax […]
Tax Newsletter August 2022
Tax Newsletter: Where’s My Refund? In This Issue: CP-14 Notices Technical Advice Addresses Penalties for Failing to E-File Returns – Program Manager Technical Advice 2022-005 Introduction of a Bill to Decriminalize, Tax Cannabis Manchin-Schumer Reconciliation Bill Released New York State Will Follow IRS Tax Deadline Extensions IRS Updates Feature on ‘Where’s My Refund?’ Taxpayers Can […]