On January 10, 2025 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses in southern California affected by wildfires and straight-line winds that began on January 7, 2025. These taxpayers now have until October 15, 2025, to file...
A number of U.S. taxpayers with beneficial ownership and control over funds held in accounts at Trident Trust Group and its affiliates (collectively, "Trident"), have admitted failing to report income earned from their offshore accounts on their federal tax returns. ...
California under its Sales And Use Tax Law, imposes sales tax on vehicles purchased and delivered in the State. This applies to new and used vehicles. The sales tax is based on the sales price of the vehicle without any reduction for trade-in value of a vehicle owned...
Requirement For Banks & Financial Institutions To Report Beneficial Ownership Information Of Entity Accountholders Put On Hold By The 5th Circuit Court Of Appeals. The Federal government in its efforts to crack down on illicit finance and enhance transparency on...
Requirement For Banks & Financial Institutions To Report Beneficial Ownership Information Of Entity Accountholders Still Remains Despite Challenge At The 5th Circuit Court Of Appeals. The Federal government in its efforts to crack down on illicit finance and...
Requirement For Banks & Financial Institutions To Report Beneficial Ownership Information Of Entity Accountholders Put On Hold The Federal government in its efforts to crack down on illicit finance and enhance transparency on September 29, 2022 issued a final...
On December 12, 2024 President Joe Biden signed H.R. 5863, the “Federal Disaster Tax Relief Act of 2023” which will designate a series of presidentially declared disasters as qualified disaster events. What this means - if you were impacted by recent hurricanes, you...
On September 28, 2024 California Governor Gavin Newsom signed Senate Bill 988, the Freelance Worker Protection Act. Senate Bill (SB) 988 provides basic labor protections for freelance workers, such as the right to be paid on time and in full. Most freelancers lack...
Cannabis Rescheduling Hearing to Run Through March 2025 The prime benefits of reclassifying cannabis from a Schedule 1 substance to a Schedule 3 substance is that the Federal government would recognize medical benefits of cannabis, make Section 280E inapplicable to...
Requirement For Banks & Financial Institutions To Report Beneficial Ownership Information Of Entity Accountholders Put On Hold The Federal government in its efforts to crack down on illicit finance and enhance transparency on September 29, 2022 issued a final...
