Featured FinCEN Information

FinCEN How To: Part 2 (Filing a Beneficial Ownership (BOI) Report )

11 Answers on the New 2024 CTA Required BOI Reporting to FinCEN

FinCEN How To: Part 1 (FinCEN ID Application for Individuals)

Roth IRAs Are Powerful Moneymakers for Kids

Dwight Dettloff

Feb 32 min read

Tax

Roth IRAs Are Powerful Moneymakers for Kids

Children contributing to their IRA can booster family tax savings.

Tax-Free Rental Income with the Augusta Rule

Dwight Dettloff

Jan 91 min read

Tax

Tax-Free Rental Income with the Augusta Rule

The Augusta rule gets its name from the Masters Golf Tournament, where some members and others who live in the area receive tax-free rent...

Dwight Dettloff

Jan 23 min read

Tax

The Unpardonable Sin in an IRS Audit

Mileage logs are a helpful and necessary tool in keeping proper records in the case of an IRS audit.

Dwight Dettloff

Jan 14 min read

FinCEN

FinCEN How To: Part 2 (Filing a Beneficial Ownership (BOI) Report )

To file the BOI report, head over to the BOI e-filing system and use these instructions as a guide to filing.

Dwight Dettloff

Jan 13 min read

Small Business

11 Answers on the New 2024 CTA Required BOI Reporting to FinCEN

New federal filing requires for most corporations and LLCs begin January 1, 2024.

Dwight Dettloff

Jan 13 min read

FinCEN

FinCEN How To: Part 1 (FinCEN ID Application for Individuals)

A FinCEN ID is a unique identifying number issued to an individual to help simplify the BOI reporting process.

Inflation Reduction Act: What You Should Know

Dwight Dettloff

Aug 18, 20224 min read

Tax

Inflation Reduction Act: What You Should Know

The climate and healthcare bill will make the most significant changes to Medicare since the Medicare Modernization Act of 2003.

IRS Opens for 2021 Returns - Expect Challenges

Dwight Dettloff

Jan 24, 20223 min read

Tax

IRS Opens for 2021 Returns - Expect Challenges

The IRS officially opens for business today, January 24th, to begin accepting individual income tax returns. Expect Challenges & Delays...

Dwight Dettloff

Feb 13, 20215 min read

Tax

Let 2020 Filing Season Begin!

As many of us hunker down for the ensuing arctic freeze, let’s talk taxes. Last year brought plenty of legislative changes. Let's touch on a

Congress Passes the Consolidated Appropriations Act, 2021

Dwight Dettloff

Dec 21, 20203 min read

PPP

Congress Passes the Consolidated Appropriations Act, 2021

Congress just passed the latest COVID relief bill including PPP deductibility, simplified forgiveness, and PPP 2.0.

Year End Tax Planning Ideas - 2020 Edition

Dwight Dettloff

Nov 24, 20203 min read

Year End Tax Planning Ideas - 2020 Edition

As December looms nigh, it's time to sharpen the pencils and wrap up year-end tax planning. While we believe that tax planning is a...

Dwight Dettloff

Oct 19, 20203 min read

PPP

Paycheck Protection Program - October 2020 Update

We continue to receive guidance from the SBA and Treasury but questions remain.

Cryptocurrency Will Be Front and Center for Tax Year 2020

Dwight Dettloff

Oct 19, 20202 min read

Tax

Cryptocurrency Will Be Front and Center for Tax Year 2020

Virtual currency continues to be a priority for the IRS. Scrutiny is expected to intensify in the upcoming year.

Working from Everywhere? You may owe tax in multiple states.

Dwight Dettloff

Sep 22, 20202 min read

Tax

Working from Everywhere? You may owe tax in multiple states.

Technology allows many of us to work from almost anywhere. However, living that #vanlife and working remotely can land you with surprising t

Dwight Dettloff

Sep 3, 20202 min read

Tax

Social Security Tax Deferral(?)

On August 8, President Trump issued an executive order calling for a payroll tax deferral from September 1 through December 31, 2020. ...

Dwight Dettloff

Aug 3, 20206 min read

Tax

Should I Elect S Corp Status?

According the IRS, almost three quarters of corporations were S corporation flow-through entities. Given their popularity, it begs the quest

Paycheck Protection Flexibility Act Passes - Some Answers, Some Questions

Dwight Dettloff

Jun 5, 20204 min read

Paycheck Protection Flexibility Act Passes - Some Answers, Some Questions

The forgiveness qualifications have been relaxed and the terms of the loan for those that don't have forgiveness have been extended. If you

Paycheck Protection Program - May 15 Update

Dwight Dettloff

May 15, 20204 min read

PPP

Paycheck Protection Program - May 15 Update

Talk about a political football. The Paycheck Protection Program (PPP) has been a blessing and a curse for many businesses. To make...

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