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...
When can you deduct business meals and entertainment? The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. That means, for example, that you can’t deduct any part of the cost of taking clients out for a round of golf or to...
The IRS has set the following interest rates for overpayments and underpayments: 1. **Individuals**: 7% annually for both overpayments and underpayments, compounded daily. 2. **Corporations**: - 7% for overpayments. - 6% for general corporate overpayments. - 4.5% for...
IRA and SEP IRA can reduce taxes for 2024 1. Traditional IRA Contributing to a traditional individual retirement account (IRA) is a powerful strategy to save for your future while reducing your taxable income for 2024. If you qualify, traditional IRAs provide an...
The good news is that the amount you and your employees can save for retirement is increasing in 2025, providing a brighter outlook for your retirement savings. How much can you and your employees contribute to your 401(k)s or other retirement plans next year?...
Hurricane Losses and Casualty Damage Tax Deductions It is not the old days when casualty losses were automatically deductible expenses from US Income Taxes. Since Congress changed the Internal Revenue Code in 2017, casualty losses such as Hurricane Damage are no...
Help ensure your partnership or LLC complies with tax law Tax issues must be addressed when drafting partnership and LLC operating agreements. This is also true of multi-member LLCs, which are treated as partnerships for tax purposes. Here are some...
