Commencing on January 1, 2024, the federal Corporate Transparency Act (CT) may require many domestic and foreign entities with less than $5,000,000 of annual gross receipts and fewer than 20 employees to file an informational statement with the federal Financial Crimes Enforcement Network (FinCEN).
The IRS announced and released Notice 2023-74 today which provides a further transition period for the requirement placed on third party payors by the American Rescue Plan Act (ARP) of 2021.
On April 3, the United States Tax Court issued a ruling that holds that the Internal Revenue Service does not have authority to assess penalties for failure to file Form 5471. Click here to read more.
Empire State Development (ESD), the chief economic development agency in New York State, along with Governor Kathy Hochul,, recently announced a new initiative to provide aid to those impacted by COVID-19 pandemic.
National Tax Advisory NewsletterNaura Hill2022-11-07T16:06:39-05:00
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