Jan 5, 2026 | Blog Posts, Tax
Form 8300 is an IRS/Financial Crimes Enforcement Network form used to report cash payments of more than $10,000 received in a trade or business. This is a reminder that this reporting obligation has long been in place and that electronic filing has been required for...
Nov 18, 2025 | Tax, Tax Talk Tuesdays
The One Big Beautiful Bill Act (OBBBA) made major changes to federal tax law, including an important update to the business interest expense limitation under Internal Revenue Code (IRC) Section 163(j). OBBBA restores the EBITDA-based calculation, allowing businesses...
Jul 15, 2025 | Blog Posts, Tax
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4 by President Trump, includes a wide range of business tax provisions that extend, revise, or replace key elements of the Tax Cuts and Jobs Act of 2017. The legislation affects numerous provisions of the...
Jul 15, 2025 | Blog Posts, Tax
On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act (OBBBA), a sweeping package of tax changes that extends key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) and introduces several new measures. The legislation includes updates to...
Apr 17, 2025 | Blog Posts, Tax
A major shift is coming to how Americans send money to and receive payments from the federal government. On March 25, 2025, President Donald J. Trump signed an Executive Order directing all federal agencies to phase out paper-based payments and adopt modern, secure...
Feb 28, 2025 | Blog Posts, Tax
The U.S. Treasury Department announced on March 2, 2025, that it will not enforce penalties for noncompliance with the beneficial ownership information (BOI) reporting requirement provision of the Corporate Transparency Act (CTA). In addition to suspending fines and...
Jan 27, 2025 | Blog Posts, Tax
President Biden signed the Federal Disaster Tax Relief Act of 2023 (H.R. 5863) into law on December 12, 2024. This legislation introduces several beneficial tax provisions to assist victims of federally declared disasters. Relief for Personal Casualty Losses One of...
Jan 12, 2025 | Blog Posts, Tax
The U.S. Department of Justice (DOJ) has petitioned the Supreme Court to lift a nationwide injunction that currently blocks the enforcement of the Corporate Transparency Act (CTA). Enacted in 2021, the CTA mandates that millions of companies disclose their beneficial...
Dec 5, 2024 | Blog Posts, Tax
A federal district court has issued a nationwide injunction preventing the enforcement of the Corporate Transparency Act (CTA) and its associated beneficial ownership information (BOI) reporting rule, citing potential constitutional violations. The ruling, part of...
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