Are You At Risk for an Audit?
This is one a big area of concern that we hear from clients – how can I make sure I’m not audited? Outside of the usual (like making sure you report all your income), one thing that’s important is not being too different from other taxpayers in similar situations as you. The technical term for […]
Beneficial Ownership Information (BOI) is Live
BOI is Live. As of 1/1/24, BOI reporting with FinCEN is now LIVE. This is an online filing that owners of businesses can do themselves, or hire a 3rd party to complete for them. There were some lingering questions that had not been answered that FinCEN is actively updating their FAQ’s page with that’s incredibly […]
E-Filing Open 1/29/2024
The filing season has officially kicked off for individual returns (the new beta IRS free-file system already opened on 1/12/24) with January 29th being the day the IRS began accepting and processing returns. Because nothing is ever easy, I know some of our colleagues are WAITING to file the first return. Why is that? Congress! […]