Game On: TCJA Winners and Losers—Business on the Chopping Block Prepare for tax changes. There is considerable uncertainty regarding the legislative agenda and which of the expiring provisions will be allowed to expire or extended by the new administration. We expect... We are writing to inform you of a recent development regarding Beneficial Ownership Information (BOI) reporting. A federal court in Texas has issued an injunction suspending the BOI reporting requirements nationwide. At this time, the final ruling remains uncertain,... 2024 Last-Minute Year-End General Business Income Tax Deductions The purpose of these strategies is to get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money (although in the right circumstances, that will happen), but you’ll... Got IRS Penalties? Know the Rules, Pay Nothing If the IRS has recently claimed that you owe a penalty for late filing, late payment, or missed employment tax deposits, pause before making any payment. You may not have to pay that penalty at all. The IRS often imposes... The Internal Revenue Service has announced tax relief for individuals and businesses throughout Louisiana affected by Hurricane Francine. Key Details: Extended Deadline: Affected individuals and businesses in Louisiana will have until February 3, 2025, to file their... BOI Reporting Deadline Is Closing In The clock continues to tick. Here are the upcoming deadlines for filing your Business Ownership Information (BOI) reports with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Deadlines If your...