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Corporate Transparency Act – Beneficial Ownership Information Reporting
The Corporate Transparency Act (CTA) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti-money laundering rules since the U.S. Patriot Act. The CTA is...
Using a Ghost Preparer? Who You Going to Call When the IRS Comes Knocking
Article Highlights: Ghost PreparersPTIN RequirementSigning the ReturnPreparation to Boost RefundTaxpayer Left Holding the BagHow to Report Ghost PreparersProfessional Tax PreparationAs people begin to have their 2023 tax returns prepared, this is a reminder to avoid...
Common IRS Audit Triggers for Small Businesses: How to Avoid Them
As a small business owner, the word 'audit' can be a source of anxiety. However, understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one. This article explores the factors that could lead to...
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