In September 2024, the Financial Crimes Enforcement Network (FinCEN) updated its frequently asked questions (FAQs) to address the registration requirement for certain short-lived entities under the Corporate Transparency Act. The Corporate Transparency Act requires many business entities to report information about their beneficial owners in a brand-new government database. Search our tax news...
As we approach September 16, clients who are still on extension due to outstanding Schedules K-1 or other issues may want to make estimated tax payments by debit, instead of writing a check. Generally, tax software does not allow such debit payments to be scheduled until a client’s return is finalized and e-filed. There are alternative methods for scheduling estimated tax payments by debits,...
In early July, Treasury Secretary Janet Yellen indicated that the Treasury Department is not planning on extending the filing due date for registrations required under the Corporate Transparency Act. The Corporate Transparency Act requires many business entities to report information about their beneficial owners in a brand-new government database. Search our tax news archive for “beneficial...
