IRS clarifies theft and fraud loss deductions

Through a Chief Counsel Advice memo, the IRS indicates that more fraud victims can claim a theft loss deduction than previously known.

BOI Reporting Paused … Again

IMPORTANT UPDATE: The January deadline for businesses to register their beneficial ownership information is once again on hold following a Dec. 26 order from the Fifth Circuit Court of Appeals. 

BOI Reporting Back On With New Deadline

IMPORTANT: Beneficial Ownership Information Reporting Preliminary Injunction Reversed – New Deadline to Comply

BOI reporting deadline delayed – for now

FinCEN confirmed that due to a recent nationwide Federal court order, the deadline for reporting companies to file beneficial ownership information is temporarily delayed and reporting companies are not subject to liability if they fail to file by 1/1/2025.

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BOI Reporting Paused … Again

BOI Reporting Paused … Again

IMPORTANT UPDATE: The January deadline for businesses to register their beneficial ownership information is once again on hold following a Dec. 26 order from the Fifth Circuit Court of Appeals. 

read more
BOI reporting deadline delayed – for now

BOI reporting deadline delayed – for now

FinCEN confirmed that due to a recent nationwide Federal court order, the deadline for reporting companies to file beneficial ownership information is temporarily delayed and reporting companies are not subject to liability if they fail to file by 1/1/2025.

read more