News & Info

FinCEN announced that the beneficial ownership information (BOI) filing mandate is now due March 21, 2025. This new due date applies to the vast majority of reporting companies to file an initial, updated, or corrected BOI report, including those entities formed prior...

In response to the severity of the Los Angeles wildfires, the IRS and the State of
California have agreed to extended federal and state tax deadlines. As of Monday,
January 13, taxpayers located in Los Angeles County have been granted an extended deadline of October 15, 2025.

California now joins several states that have created a pass-through entity tax (PTE tax) providing qualified owners a workaround of the federal $10,000 limit on the state and local tax deduction. California recently passed Assembly Bill 150 (AB 150), which allows...

As a trustee, you'll have to get to work within a month of when the grantor dies. There will be phone calls to make, information to gather and letters to write at first. Later, you'll be responsible for making good investment decisions, filing tax returns,...

If you're running a business, you're on the hook for a variety of taxes. Let's take a look at the main categories: Income tax — All businesses except partnerships must file an annual income tax return. (Partnerships file an information return.) However, which...

In divorces, an ex-spouse may be legally obligated to make payments to his or her former significant other. Payments often are substantial and have been locked into tax deductions for the payer — but that was before the Tax Cuts and Jobs Act came to pass. It used to...

The IRS has compiled a list of "Dirty Dozen" tax scams, and one swindle that the agency is warning taxpayers to avoid is inflating deductions and expenses on tax returns. Common areas targeted by unscrupulous tax preparers involve overstating deductions. Scammers hope...