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    Month: October 2024

    Beneficial Owner Reporting Due Date

    The due date for extended returns has passed, but the due date for reporting under the Corporate Transparency Act now looms. 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 owner” to see our numerous earlier posts on this topic. Registration ...

    Limited Relief for Suffolk County

    In September 2024, the IRS announced tax relief for individuals and businesses in Suffolk County New York who were affected by the torrential rainfalls that began on August 18, 2024. (See IR-2024-234.) Unfortunately, New York State has not provided such relief, but a representative of New York State has indicated that affected taxpayers can request relief from New York State which will be cons...