Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
BOI Filing Required...Again President Biden’s FTC appeal of an injunction overturned the injunction granted by the US District Court. The Fifth Circuit ended the injunction but demanded that the full appeal be heard in January. The deadline for most reporting...
On December 13, 2024, the Biden Department of Justice submitted an emergency motion to the U.S. Court of Appeals for the Fifth Circuit to stay the preliminary injunction issued by the U.S. District Court for the Eastern District of Texas. This injunction...
FinCEN complying with BOI Filing Temporary Injunction FinCEN announced that it would comply with the order issued by the District Court in Texas Top Cop Shop,. “so long as it is in effect... .” Even though the injunction was issued by a judge in the Eastern District...
Business Owners Relieved from the Expensive and Time-Consuming Burden of Filing Beneficial Ownership Information On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a decisive nationwide preliminary injunction, effectively barring the...
Trade Secrets, Customers, and business techniques are hard to protect from employees who take the information to new employers. They "sell" the information in return for a job or more pay. Realistic covenants against competition can have a deterrent effect even though...
Key 2024 inflation-adjusted tax parameters for small businesses and their owners The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts most likely to affect small businesses and their owners. Rates and...
The IRS has stopped processing new Employee Retention Credit (ERC) claims because they are worried about scams and improper claims. (IR 2023-169, 9/14/2023) They will still work on claims filed before the stop, but it will take longer because they are doing more...
Employers in Financial Trouble get hit with More Anti-Business Laws in NJ New Jersey's mini-WARN Act (NJ WARN) requires employers to give advance notice to employees in the event of a mass layoff, plant closing, or reduction in force. Recent amendments to NJ WARN...
The tax mechanics involved in the sale of trade or business property What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s...
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the...
