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Corporate Transparency Act
Read more: Corporate Transparency ActWhat is the Corporate Transparency Act (“CTA”)? Starting January 1, 2024 each reporting company shall submit to FinCEN a report that identifies each beneficial owner of the applicable reporting company and each applicant with respect to that company. Existing companies have until January 1, 2025 to file its initial beneficial ownership information (“BOI”) report or […]
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More VDA Updates – Pennsylvania Reduces Lookback Period for Corporate Tax VDA’s
Read more: More VDA Updates – Pennsylvania Reduces Lookback Period for Corporate Tax VDA’sIn continuation of states that have updated their Voluntary Disclosure Agreements (“VDAs”) guidelines, the Pennsylvania Department of Revenue announces significant changes to the eligibility prerequisites for Pennsylvania VDAs, applicable to agreements entered into on or after August 1, 2023. Specifically this applies to taxpayers with liabilities from Pennsylvania “corporation taxes.” The department revises the “lookback […]
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IRS Proposed Regulations – Reporting Digital Assets Transactions by Brokers
Read more: IRS Proposed Regulations – Reporting Digital Assets Transactions by BrokersFor people that have been enjoying trading digital assets, there are some unfortunate news in the horizon. The IRS has unveiled draft regulations mandating that brokers report transactions involving digital assets carried out by their clients. (Introduction to Proposed Regulation REG-122793-19; IRS Announcement 2023-153) These proposed regulations address various issues related to digital assets such […]
Latest Posts
- Hold Your Horses (Taxes)
- New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic – Follow Up on Zelinsky
- Business Expenses
- Corporate Transparency Act
- More VDA Updates – Pennsylvania Reduces Lookback Period for Corporate Tax VDA’s
- IRS Proposed Regulations – Reporting Digital Assets Transactions by Brokers
- Ohio – Recent Changes to CAT Exclusion and Annual Minimum Tax
- More Withholding Headaches – New Jersey Implements “Convenience of the Employer” Rule
- Tax Opportunities: 2023 Home Energy Tax Credits for Individuals
- Alabama Updates Procedure for Nexus Questionnaire and Voluntary Disclosure Agreement