The Corporate Transparency Act (CTA) that was enacted by Congress in 2021 to combat money laundering and other financial crimes by requiring disclosure of the
A federal district court in Alabama recently held the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting requirements to be unconstitutional and enjoined its
Identity theft associated with tax returns continues to be a huge headache for taxpayers. Tax related identity theft happens when someone steals your personal information,
Edited November 29th: FinCEN announced today that the 30-day registration period referenced in the last paragraph of this post was changed to 90 calendar days
Does the order of names on your joint federal income tax returns provide any insight into you and your partner? This was the subject of
The “Inflation Reduction Act”, if passed by the House and signed by the President, will provide $80 billion of funding to the IRS, with $45.6
A lengthy litigation over “willful” penalties in failing to file an FBAR has potentially come to a close with adverse results to the taxpayer, and
2021 was often cited as the most challenging year for taxpayers and tax professionals and with the even bigger backlog facing the IRS, 2022 is
According to an IRS statement published in May, the IRS has recently doubled the audit rates for taxpayers in every income category above $100,000. Audits