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Spooky New Reporting Requirements: BOI
FinCEN Beneficial Ownership Information (BOI) Reporting Requirements Overview:The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requires certain businesses to file a Beneficial Ownership Information (BOI) report. This report aims to enhance transparency and reduce financial crimes by identifying those who control or own a stake in various entities. Who Must File:Generally, domestic…
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Spooky Facts About the IRS 👻
It’s that time of year when ghosts, ghouls, and… tax collectors roam the streets. While you’re busy dodging vampires and zombies this Halloween, don’t forget that the IRS can be just as terrifying. Here are a few spooky—but fun—facts about the Internal Revenue Service that may just send a shiver down your spine! 1. The…
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What Happens When You Don’t File?
Ah, taxes! They’re as certain as the sunrise, and just like that snooze button you press on Monday morning, it’s tempting to put them off. But what if you decide not to file your tax return at all? Could you just slip under the radar? Well, not exactly. Let’s take a light-hearted journey through what…