cgadmin | Cg Tax, Audit & Advisory

10 Mar

Fraud Schemes for Paper Check Tax Refunds

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March 5, 2025

For taxpayers who are due refunds but are still reluctant to receive them by direct deposit, it might be time to reconsider. The Financial Crimes Enforcement Network (FinCEN) statistics showed that paper check fraud...

05 Mar

Federal Tax, Tax

Reporting Cash Transactions of $10,000 or More

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March 3, 2025

A reminder for businesses: Use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. If you file electronically, the forms are delivered to the Financial Crimes...

04 Mar

Federal Tax, Tax

Taxpayers: Mail Your Returns On Time to Avoid Late Fees

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February 28, 2025

Tax returns are generally due on April 15, or the next business day if the 15th falls on a weekend or legal holiday. But does that mean a taxpayer can just drop a return...

03 Mar

CTA

CTA’s BOI Reporting Requirements May No Longer Apply to Domestic Entities

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March 3, 2025

In another recent development surrounding the Corporate Transparency Act ("CTA"), the U.S. Department of the Treasury announced that it will propose a rule that would eradicate the enforcement of beneficial ownership information ("BOI") reporting...

03 Mar

Federal Tax, Tax

Proof of Healthcare Coverage for Employees

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February 27, 2025

Until recently, large employers (generally with 50 or more full-time employees) that provide workers with minimum essential health care coverage were required to furnish them with proof of coverage once a year. However, an...

28 Feb

CTA

FinCEN Will Not Issue Fines or Penalties for Missing March 21 BOI Reporting Deadline

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February 28, 2025

In yet another update surrounding the Corporate Transparency Act ("CTA"), the Financial Crimes Enforcement Network ("FinCEN") revealed yesterday that it will not issue fines or penalties for reporting entities missing the March 21, 2025...

27 Feb

Federal Tax, Tax

Tax Refunds That Are More Than You’re Entitled To

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February 25, 2025

What should you do if you receive a tax refund that’s more than you’re entitled to? Or what if you receive one that you’re not entitled to? Handling these situations largely depends on the...

25 Feb

Federal Tax, Tax

The IRS’s Taxpayer Bill of Rights & Taxpayer Confidentiality

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February 24, 2025

The IRS’s Taxpayer Bill of Rights represents 10 fundamental rights to which taxpayers are entitled when interacting with federal tax authorities. One of these is the right to confidentiality. Any information provided to the...

24 Feb

Federal Tax, Tax

Protect Yourself From Business Identity Theft

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February 21, 2025

Business owners, beware. Identity theft is a growing threat that can cripple your business or shut it down forever. Signs of business identity theft include the inability to file a tax return because a...

19 Feb

CTA

Corporate Transparency Act Mandatory BOI Filing Requirement Returns

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February 19, 2025

After months of back and forth, the Corporate Transparency Act ("CTA") has re-emerged with another update. The Financial Crimes Enforcement Network ("FinCEN"), which enforces Beneficial Ownership Information ("BOI") requirements under the CTA, announced that the...

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Posts by cgadmin

Fraud Schemes for Paper Check Tax Refunds

Reporting Cash Transactions of $10,000 or More

Taxpayers: Mail Your Returns On Time to Avoid Late Fees

CTA’s BOI Reporting Requirements May No Longer Apply to Domestic Entities

Proof of Healthcare Coverage for Employees

FinCEN Will Not Issue Fines or Penalties for Missing March 21 BOI Reporting Deadline

Tax Refunds That Are More Than You’re Entitled To

The IRS’s Taxpayer Bill of Rights & Taxpayer Confidentiality

Protect Yourself From Business Identity Theft

Corporate Transparency Act Mandatory BOI Filing Requirement Returns