Business Tax

The U.S. Treasury Department said Sunday it won’t enforce penalties or fines against U.S. citizens or domestic reporting companies or…

Hot off the press: FinCEN states that 3/21/25 is not the real deadline! FinCEN is not issuing fines or penalties…

On February 18, 2025, there was a decision by the U.S. District Court in Texas in Smith et al. v. U.S.…

On Monday, February 10, 2025, the House approved legislation by a unanimous 408-0 vote that would grant small businesses formed before…

As a reminder, for applicable transfers, copies of Form 8308, “Report of a Sale or Exchange of Certain Partnership Interests,”…

Starting in 2024, third-party settlement organizations (TPSOs) such as Venmo, Etsy, and CashApp were required to issue 1099-K forms to…

Yesterday, 12/26/24, a Fifth Circuit panel reinstated the preliminary injunction that prohibits the enforcement of the Corporate Transparency Act (CTA).…

This afternoon, 12/23/2024, the Fifth Circuit Court of Appeals granted a stay, temporarily overturning a lower court's decision to block…

The deadline for most reporting companies to file Beneficial Ownership Information (BOI) reports (requirements can be found here) is quickly…