by Admin | Dec 18, 2023 | Business Taxes, Entrepreneurial, Tax Planning
Last year, Financial Crimes Enforcement Network (FinCEN) took a historic step in support of U.S. government efforts to crack down on shell companies and illicit finance by issuing a final rule establishing a beneficial ownership information reporting requirement,...
by Admin | Dec 5, 2023 | Business Taxes, Tax Planning
Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar...
by Admin | Dec 5, 2023 | Business Taxes, Entrepreneurial, Tax Planning
Businesses, whether operating as a corporation, partnership, or a sole proprietorship, have been required to electronically file information returns when the aggregate number of these returns, regardless of the type of return, for a tax year was more than 250. The IRS...
