As businesses wrap up their year-end payroll processes, it's crucial to address new tax reporting requirements. The IRS Form 7206 introduces changes for reporting self-employed health insurance premiums paid on…
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New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025, have been suspended nationwide under a new court ruling. However, businesses…
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Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes…
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Many U.S. small business owners must report beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. With this deadline fast approaching, here’s…
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If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics…
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As the year is ending, we want to remind clients of an IRS reporting requirement for partnerships to address tax avoidance strategies involving the transfer of partnership interests. This reporting…
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