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…. Read more »
Categories: Emerging Regulations, BOI, Tax, Small Business
A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from… Read more »
Categories: Emerging Regulations, Tax
Signed into law in 2018, the Tax Cuts and Jobs Act (TCJA) was the most significant overhaul of the overall tax code in 30 years… Read more »
Categories: Tax, Tax Planning
The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over… Read more »
Categories: Emerging Regulations, Inflation, Tax, Tax Planning
Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states… Read more »
Categories: Emerging Regulations, Tax
With tax season kicking off and Congressional deadlines approaching, a number of policies might change that could directly impact you. We’ll keep you updated with… Read more »
Categories: Emerging Regulations, BOI, Tax, Tax Planning, Small Business
In the following Gorfine, Schiller & Gardyn podcast, Aaron Bloom, Director of Tax Services at GSG, provides a thorough analysis about the IRS’ efforts to stop “partnership… Read more »
Categories: Podcast, Tax, Tax Planning, Small Business
The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined… Read more »
Categories: Emerging Regulations, Tax
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and… Read more »
Categories: Emerging Regulations, Tax
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan… Read more »
Categories: Emerging Regulations, Tax, Tax Planning, Retirement Planning
