We are writing to inform you of recent clarifications from the IRS regarding the rules for determining the timely filing of tax documents sent by first class mail. These updates…

We are writing to inform you of significant changes to the deductibility of business meal and entertainment expenses as a result of the recently enacted 2025 Act (commonly referred to…

We hope that everyone had a nice Thanksgiving holiday.  As we near the end of 2025, we want to make you aware of some of the provisions of the One…

Executive Order – Phase Out Of Paper ChecksOn March 25, 2025, President Trump signed an Executive Order with a goal to phase out paper-based payments by the Federal Government. This…

CTA and BOI Reporting RequirementsThe Treasury Department announced on Sunday, March 2, that it will no longer enforce the Corporate Transparency Act (CTA) or the associated Beneficial Ownership Information (BOI)…

New Filing Deadline BOI  Beneficial Ownership Information (BOI) reporting has been reinstated by FinCEN. On February 18th, the stay on enforcement of the BOI reporting requirement was lifted by the…

Form 1099 Reporting We want to remind you of the requirements of Form 1099 reporting.  Please note, this is a very general discussion and is not all-inclusive.  To fully understand…

Sale of Partnership Interest – Partner & Partnership Notification Requirement Partnerships are required to report the sale or exchange of a partnership interest where the partnership holds IRC. Section 751…

Revenue Procedure 2024-28 Digital Asset Cost Basis Final regulations were recently issued regarding the determination of cost basis for digital assets (cryptocurrencies, NFTs, etc.) effective January 1, 2025.  The final…

IMPORTANT UPDATE: The Corporate Transparency Act Circus Continues   On December 26th, only three days after lifting the injunction of the United States District Court on enforcement of the Corporate…