News & Articles
FinCEN New Filling Requirements
After years of delays, the first stage of the Corporate Transparency Act (CTA) goes into effect on January 1, 2024. It imposes a new federal ...
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IRS Lowers E-filing Threshold to 10 Effective January 1, 2024
The Taxpayer First Act of 2019, enacted July 1, 2019, authorized the Department of the Treasury and the IRS to issue regulations that reduce the ...
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Pass-through entity tax (PTET), what is it, how does it work, and does it affect you?
Pass-through entities (PTE) that qualify are generally S corporations, partnerships and multi-member LLCs which are taxed as S corporations or partnerships. C corporations, single member ...
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Avoiding Interest and Penalties on Improper ERC Claims
The IRS is offering a way for small businesses to potentially avoid any and all interest and penalties by withdrawing their claim. Specifically, small businesses ...
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Massachusetts Makes Room for Your Charitable Deductions
Massachusetts taxpayers are now able to claim a state income tax deduction for charitable donations made in taxable years beginning on or after January 1, ...
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IRA RMDs Rules, Changes, and Delays
Last week, amidst continued confusion of the RMD rules of the road, the IRS announced a delay in the final regulations for inherited IRA RMDs ...
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