CALL TO ACTION: Contact Congress to preserve PTET Salt Deduction
CALL TO ACTION: Please reach out to your Members of Congress to voice your opposition to the unfair targeting of pass-throughs, such as those of accountants, dentists, doctors, lawyers and pharmacists, through the elimination of the [...]
Balancing Salary and Distributions in an S Corporation: Understanding the IRS Expectations
The 2017 Tax Cuts and Jobs Act (TCJA) brought significant changes that affect how S corporation shareholders handle compensation. One key impact is that the 20% Qualified Business Income (QBI) deduction is based on the [...]
Separating Rhetoric from Reality: A Forensic Look at Social‑Security “Cut” Claims… a Pivotal Forensic Accounting & Audits Perspective
Executive Summary Few topics inflame public debate more quickly than Social Security. During every election cycle, charges that one side or the other intends to “slash” or “eliminate” the program crowd headlines and social feeds. The loudest [...]
FinCEN Eases BOI Reporting Burden with New Interim Final Rule
FinCEN Eases BOI Reporting Burden with New Interim Final Rule In a notable regulatory shift, the Financial Crimes Enforcement Network (FinCEN) announced on Friday, March 21, 2025, an interim final rule that eliminates the requirement [...]
Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies
FOR IMMEDIATE RELEASE Treasury Department Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not [...]
Addendum: Update on Beneficial Ownership Information (BOI) Reporting Deadline
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). [...]
