Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
Disclaimer: Do not make tax planning or preparation decisions based on just this article. This article is for informational purposes only. The tax code and any guidance the IRS provides should be relied on for tax preparation and planning, as well as a competent tax professional who you have engaged for services. The tax code [...]
If your reporting company has not complied yet, time may be running out. Most LLCs and many other entities (“reporting companies”) have a relatively new federal government filing requirement. The reporting started on January 1, 2024. The reporting is required under the Corporate Transparency Act (CTA) which is now federal law. Most reporting companies are [...]
Yay! More laws, just what we all wanted. The purpose of the Corporate Transparency Act (CTA) is to reduce terrorist financing, money laundering, and other illegal activities. Like most of you I am 100% confident that it will be effective in stopping those things. The CTA was signed into law in 2020 and goes into [...]
I have the honor to write this first article for the Military Tax Experts Alliance website, miltiarytaxexperts.org. We should have created the Military Tax Experts Alliance much sooner. Maybe we could have prevented all those times we’ve seen tax returns messed up because the preparer didn’t understand how military life impacted taxes. The good news [...]
