TCJA Sunset: What You Need to Know Before 2026
*Note: There have been no official changes to the tax law at the time of this posting. As you may be aware, the provisions of the 2017 Tax Cuts and Jobs Act (TCJA) are due to sunset on December 31, 2025, unless extended by new legislation. Please be aware that any...
BOI Reporting Reinstated. Filing Deadline Is Now March 21, 2025!
FinCEN’s collection of beneficial ownership information (BOI) was once again reinstated on Feb. 18, 2025. Please see this FinCEN Notice for more details. What does this latest change mean? All members of LLCs or corporate shareholders are required to comply with...BOI Reporting Reinstated; New Deadline Is Monday, Jan. 13, 2025!
An injunction to halt FinCEN’s collection of beneficial ownership information (BOI) was overturned yesterday, Dec. 23, in the Fifth Circuit Court of Appeals. Please see this Journal of Accountancy article for more details. What does this change mean?...The BOI Injunction
The Corporate Transparency Act (CTA) requires all LLCs to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). This filing must be completed by December 31, 2024, for LLCs started prior to 2024, and within 90 days from...