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MORE ON THE BOI REPORTING – WHAT IS A FINCEN IDENTIFIER?
A “FinCEN identifier” is a unique identifying number that FinCEN will issue to an individual or reporting company upon request after the individual or reporting company provides certain information

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IRS TO BEGIN ACCEPTING BUSINESS TAX RETURNS JANUARY 16:
The official start date of tax season for individual taxpayers will be on January 29, but the Internal Revenue Service plans to accept business tax returns as soon as January 16.

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IRS SCAMS AND SCHEMES:
Here are some details behind the most recent frauds trumpeting the IRS and how taxpayers can fight back: They don't call, they don't text …

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FINCEN BENEFICIAL OWNERSHIP INFORMATION (BOI):
The Corporate Transparency Act requires certain types of U.S.

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BUSINESS TAX ACCOUNTS EXPANDED TO BUSINESS ENTITIES:
The IRS has announced (IR-2023-243) expanded capabilities and eligibility under its business tax account initiative so that individual partners of partnerships, S corporation shareholders, and sole

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DIRECT FILE UPDATE:
Provided by the Direct File Team Understanding Direct File

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QUALIFIED CHARITABLE DISTRIBUTIONS:
Individuals age 70 ½ or older may be able to exclude a qualified charitable distributio

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IRS HELPS TAXPAYERS BY PROVIDING PENALTY RELIEF ON NEARLY 5 MILLION 2020 AND 2021 TAX RETURNS:
In a major step to help people who owe back taxes, the Internal Revenue Service has

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ICYMI: NEW VOLUNTARY DISCLOSURE PROGRAM FOR EMPLOYEE RETENTION CREDITS PAYBACK AT DISCOUNTED RATE DUE BY MARCH 22, 2024:
As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service has launched a new

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