November Stuff & Junk
BOIs for companies that existed before 2024 are due by January 01, 2025. Entities established in 2024 have 90 days and moving into 2025 we’re only going to have 30…
BOIs for companies that existed before 2024 are due by January 01, 2025. Entities established in 2024 have 90 days and moving into 2025 we’re only going to have 30…
IRS warns taxpayers of charity scams following recent hurricanes; provides tools to help people verify legitimate groups. Click to Cancel: The FTC’s amended Negative Option Rule and what it means…
Tax season has me a bit distracted so August was skipped and I'm kind of phoning it in for September. I'll try to do better for October. FTC Settlement with…
I am attempting to include more stuff not related to taxes this month. This was starting to look like it’s becoming an IRS newsletter. Cybertrucks are interesting. https://tinyurl.com/2dshta78 Gotta keep…
The IRS loves to tell you your business is not real and therefore your deductions are not allowqed to exceed your income. Hobby loss rules: https://www.irs.gov/newsroom/hobby-or-business-heres-what-to-know-about-that-side-hustle South Dakota wants contractors…
Again stop taking tax advice from social media sites: https://www.irs.gov/newsroom/irs-warns-taxpayers-they-may-be-scam-victims-if-they-filed-for-big-refunds-misleading-advice-leads-to-false-claims-for-fuel-tax-credit-sick-and-family-leave-credit-household-employment-taxes Colorado’s New Property Tax, Protections for Tenants Become Law. https://www.lawweekcolorado.com/article/colorados-new-property-tax-protections-for-tenants-become-law/ U.S. taxpayers living and working abroad face June 17 deadline…
I’m sure no one is shocked that taking tax advice from social media is a bad idea, but just in case: https://www.irs.gov/newsroom/dirty-dozen-taking-tax-advice-on-social-media-can-be-bad-news-for-taxpayers-inaccurate-or-misleading-tax-information-circulating Electric vehicle credits have become extra confusing. The…