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Take action now to comply with the new requirements of the Bank Operations Report (BOI) from FinCEN!
The Bank Operations Report (BOI) is a vital tool in the fight against money laundering and terrorism financing in the United States. Now, with the new requirements established by the…
The Internal Revenue Service wraps up the 2024 Dirty Dozen campaign with a warning to taxpayers regarding promoters selling bogus tax strategies and fraudulent offshore schemes designed to reduce or avoid taxes…
In the realm of luxury real estate, Miami continues to solidify its position as a premier destination for high-end property investments. Recent data showcases a remarkable uptick in sales, affirming…
Four years after the enactment of a key pandemic-era law, the Internal Revenue Service released updated numbers showing Criminal Investigation (CI) has investigated 1,644 tax and money laundering cases related…
Limited Liability Companies (LLCs) have gained popularity in the United States as an attractive business option for entrepreneurs and small businesses. What makes an LLC so appealing? What are its…
An LLC offers a variety of benefits and can easily adapt to different business situations. Its flexibility in terms of structure and taxation makes it an attractive option for most…
Investing in properties in the United States is a strategic decision for investors looking to diversify their portfolio and achieve long-term benefits. One of the most effective ways to protect…
Preventing money laundering and ensuring transparency in real estate transactions are key aspects of maintaining the integrity of the financial system and protecting national economies. In this regard, the U.S.…
Are you wondering whether your transaction requires FIRPTA compliance? Look no further! In our simple Infographic, we present you with a clear and concise overview of everything you need to…
When exploring options to establish a business in Florida, it is crucial to understand the differences between the most common business structures: the Limited Liability Company (LLC) and the Corporation.…
The allure of foreign investments in the United States has experienced significant growth in recent years. This interest is grounded in several key factors, such as the U.S. government's liberal…
In an increasingly interconnected world with expanding global opportunities, establishing an LLC in the United States emerges as a pivotal business strategy. This article will guide you through the 5…
In a significant step towards corporate transparency, the Corporate Transparency Act (CTA) has been enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021. This…
Since July 1, 2023, new legislation, SB264 Law, has come into effect in the state of Florida, causing a significant impact on foreign property owners, especially those of Venezuelan nationality.…
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. The IRS today…
With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they…
With the tragic crises and natural disasters happening around the globe, many are responding to the call to give what they can to help. The Internal Revenue Service today warned…
Agency finalizing Direct File pilot scope, details as work continues this fall; EITC, Child Tax Credit among projected provisions covered IR-2023-192, Oct. 17, 2023 WASHINGTON — As part of larger…
The upcoming BOI reporting requirement affects corporations, limited liability companies, and other entities created in or registered to do business in the United States. It requires such organizations to file…
The Internal Revenue Service today reminded taxpayers about the upcoming tax filing extension deadline. To avoid a possible late filing penalty, those who requested an extension to file their 2022…
The Internal Revenue Service today announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper…
the Internal Revenue Service announced an administrative transition period that extends until 2026 the new requirement that any catch-up contributions made by higher‑income participants in 401(k) and similar retirement plans…
New milestones in Paperless Processing Initiative: 225 times more forms scanned than in 2022, 51 additional forms and letters available for online response New improvements to customer callback option…
Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing season, IRS to achieve paperless processing for all tax returns by filing season 2025 IRS paperless…
With the Internal Revenue Service making substantial progress in the ongoing effort related to the Employee Retention Credit (ERC) claims, Commissioner Danny Werfel said the agency has entered a new phase of…
In the second installment in a special summer series, the Security Summit partners today reminded tax professionals and taxpayers about the IRS Identity Protection PIN Opt-In ProgramPDF to help protect people against…
As part of a larger transformation effort, the Internal Revenue Service today announced a major policy change that will end most unannounced visits to taxpayers by agency revenue officers to…
The Internal Revenue Service warned taxpayers today to be on the lookout for a new scam mailing that tries to mislead people into believing they are owed a refund. The…
The Internal Revenue Service is sending a special follow-up mailing to taxpayers in several states affected by disasters to let them know that they have additional time to pay their…
The Internal Revenue Service today encouraged taxpayers who owe unpaid taxes and missed the April 18 tax deadline to file their 2022 federal income tax return and pay any tax…
The Internal Revenue Service today encouraged nearly 1.5 million people across the nation to submit a tax return to claim their refunds for tax year 2019 by the July 17,…
The Bureau of Economic Analysis (BEA) is an agency of the U.S. Department of Commerce in charge of collecting and analyzing economic data. Its main objective is to provide accurate…
To protect the U.S. financial system from malicious actors abusing legal entities, including shell companies, to hide dubious proceeds or money laundering, the Financial Crimes Enforcement Network (FinCEN) has created…
The Internal Revenue Service reminds taxpayers that making certain energy efficient updates to their homes could qualify them for home energy tax credits. The credit amounts and types of qualifying…
The Internal Revenue Service today suggested taxpayers who filed or are about to file their 2022 tax return use the IRS Tax Withholding Estimator to help update the amount of tax to…
The Internal Revenue Service today urged taxpayers who missed Tuesday's April 18 tax-filing deadline to file as soon as possible. Taxpayers who owe and missed the deadline without requesting an…
The Internal Revenue Service today reminded low- to moderate-income taxpayers, especially those who don't normally file a tax return, to consider IRS Free File to prepare their own federal tax return to…
Today the Internal Revenue Service closed out the 2023 Dirty Dozen campaign with a warning for taxpayers to beware of promoters peddling bogus tax schemes aimed at reducing taxes or avoiding them…
As part of the annual Dirty Dozen tax scams series, the Internal Revenue Service today renewed a warning about so-called Offer in Compromise "mills" that often mislead taxpayers into believing they can…
The Internal Revenue Service reaches out in multiple ways to educate taxpayers while ensuring it fairly enforces the nation's tax laws. There are important factors to keep in mind about…
The Internal Revenue Service reminds taxpayers that the Where's My Refund? tool on IRS.gov is the most convenient way to check the status of 2022, 2021 and 2020 tax refunds. IRS2Go, the mobile…
With the tax deadline approaching, the IRS reminded taxpayers they can avoid late filing and interest penalties by submitting their tax return and any payments due by April 18. For…
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry, transactions from digital assets, and foreign sources or…
Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax…
The Internal Revenue Service announced today that taxpayers who receive certain notices requiring them to send information to the IRS now have the option of submitting their documentation online through…
In the latest improvement for taxpayers, the Internal Revenue Service announced today that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be…
To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022…
Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect to file your 2022 federal income tax return right…
The Internal Revenue Service reminds taxpayers who earn wages to use the Tax Withholding Estimator now to adjust their 2023 withholding. People's tax situations occasionally change through marriage or divorce, adding a…
The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.…
