Understanding the SECURE Act and SECURE Act 2.0: Key Reforms to Retirement Savings
In recent years, the U.S. government has recognized the need for significant reforms to the retirement savings system. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, and its follow-up, [...]
Understanding Medicare Tax: Exploring IRMAA and MAGI Ranges for Part B and Part D
Medicare is a crucial healthcare program for seniors and individuals with certain disabilities, providing important medical coverage. However, for some beneficiaries, additional costs can apply based on income levels. One such charge is the Income-Related [...]
Understanding Tax Updates for 2025: Key Insights from Pivotal Forensic Accounting and Audits
As we transition into 2025, taxpayers should be aware of several significant updates announced by the Internal Revenue Service (IRS) that will impact federal income tax returns. At Pivotal Forensic Accounting and Audits, we’re committed [...]
IRS Taxpayer Advocate Highlights Critical Funding Needs and Achievements in Annual Report
Congress’s chronic underfunding of the IRS has created a ripple effect that hampers taxpayer interactions and perpetuates inefficiencies. By neglecting to adequately invest in modern technology, lawmakers have left the IRS reliant on outdated systems, [...]
FinCEN: Announces businesses are not required to file Beneficial Ownership Information (BOI)
Addendum: Update on Beneficial Ownership Information (BOI) Reporting Deadline As of February 19, 2025, the Financial Crimes Enforcement Network (FinCEN) has reinstated the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). [...]
Quarter 1, 2025 Update — Sales Tax Rate Tools
This article provides information sourced directly from a government agency to inform the public about recent changes to the State of Washington's tax code and sales tax regulations. The details shared are offered as-is and [...]
