Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ...

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership ...

Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. David Kindness is a Certified Public Accountant (CPA) and an expert ...

The Corporate Transparency Act (the “CTA”) marks a significant shift in the U.S. corporate regulatory landscape. Aimed at curbing illicit financial activities, the CTA requires many companies to ...

Deadlines for filing beneficial ownership information reports mandated by the Corporate Transparency Act may make it difficult for tax professionals to help their small business clients with ...

A pair of US senators is pressing the Centers for Medicare & Medicaid Services to clarify which parts of the federal staffing mandate it intends to preserve and how. The questions from Oregon Sens.

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and other payers. However, rather than require more reporting this late in 2025, the IRS is ...

On Nov. 13, 2025, USEPA published a proposal rule that contains significant proposed exemptions to the reporting requirement for manufacturers and importers of PFAS. Under the original rule ...

What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...