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 đź‘»
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 […]
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 […]
How to Supply Documents to Us
Supply documents to us with these few tips:
1.Label the document
2.Only provide us with…