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 […]
Tag: advisory
Bartering: A Taxable Event
We would say fun fact Friday, but honestly how fun can tax facts be? Either way, did you know that bartering is taxable? Taxation of Bartering: The IRS considers bartering—a trade of goods or services—as taxable income. So, if you exchange your web design services for a few free meals at a local restaurant, the […]
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