As of January 1, 2024, the Financial Crimes Enforcement Network (“FinCEN”) is now accepting Beneficial Ownership Information Reports. Under the Corporate Transparency Act, certain domestic

On October 19, 2023, the IRS alerted taxpayers of the Employee Retention Credit (“ERC”) withdrawal process. The IRS created the program to assist taxpayers who

In an October 20, 2023, announcement, the IRS set out a trio of initiatives aimed at corporate taxpayers. The initiatives are part of an effort

On October 5, 2023, the IRS issued a news release warning taxpayers to keep an eye out for promotions concerning inflated art donation deductions. Promoters

On September 20, 2023, the IRS created a new workgroup to substantially expand enforcement efforts related to pass-through organizations not subject to corporate income tax,

On September 14, 2023, IRS Commissioner Danny Werfel ordered an immediate moratorium running through at least December 31, 2023, on processing new Employee Retention Tax