The IRS has issued several disaster relief notices relating to the 2024 tax year, providing relief for various counties in multiple states. These notices have different applicable periods, as well as varying filing and payment deadlines. The list of designatedREAD MORE
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This article first appeared on State of Estates, which can be found at https://griffinbridgers.substack.com, and is being reposted here with permission. Background and Example Quincey Harker, III, is an attorney who is representing his client and friend Victor in the administrationREAD MORE
The Internal Revenue Service (IRS) is reminding employers about several tax credits and benefits they may be eligible for, including the Work Opportunity Tax Credit (WOTC), the Employer-Provided Childcare Credit, and Educational Assistance Programs. These incentives are available to businessesREAD MORE
The IRS recently sent out another round of notices (CP 118) to taxpayers whose information was stolen in a data breach involving an agency contractor. While some of this data leak became public when certain high-profile individuals’ tax returns wereREAD MORE
The Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements continue to face legal challenges that have created uncertainty for businesses. Below, we provide an update on the current situation, including insights into the legal rulings, potentialREAD MORE
On January 8, 2025, President Biden signed a major disaster declaration for the wildfires impacting communities in Los Angeles County. Following this, the IRS announced on January 10, 2025 (CA-2025-01) that individuals and businesses residing in Los Angeles County areREAD MORE
On December 20, 2024 the IRS announced it will issue automatic payments to eligible individuals who did not receive all of the Economic Impact Payments (EIP) they were eligible to receive, and who did not claim the Recovery Rebate CreditREAD MORE
The ongoing developments around the FinCEN Beneficial Ownership Information (BOI) filing requirements have left many entities wondering about their next steps. With the latest news putting the requirement to file BOI reports on hold once again, we want to provideREAD MORE
A recent U.S. District Court decision has temporarily halted the enforcement of the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements. On December 3, 2024, a Texas federal court issued a nationwide injunction preventing the Treasury Department andREAD MORE
A group of 44 members of Congress recently sent a formal request to the Treasury Department and FinCEN to consider a delay in enforcing the BOI filing deadline. Their letter raises concerns about the complexity of the BOI rules andREAD MORE