Category: Uncategorized

Federal Tax Relief for Washington Residents Impacted by Severe Storms

The Internal Revenue Service has announced federal tax relief for individuals and business affected by severe storms, flooding, landslides, and mudslides in Washington State beginning December 9,…

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FinCEN Form 114 (FBAR) Overview

FinCEN Form 114, also known as the Report of Foreign Bank and Financial Accounts (FBAR), has been used to combat tax evasion and money laundering since 1970.…

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Expiring Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, provided tax changes that offered relief for businesses and high-income individuals. One of the main goals…

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Current and Upcoming Tax Law Changes

Whether you are preparing to file your 2023 tax return or are planning for 2024 on, it is imperative to review the effects of changes to tax…

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Corporate Transparency Act: Beneficial Ownership Information Reporting

The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy…

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