cgadmin | Cg Tax, Audit & Advisory

10 Jan

Reporting Digital Asset – Related Income on Your Tax Return

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January 10, 2025

Do you possess digital assets, such as convertible virtual currencies and cryptocurrencies, stablecoins or non-fungible tokens (NFTs)? If so, you must report any digital asset-related income on your 2024 federal income tax return. According...

08 Jan

Federal Tax, Tax

Potential Tax Deductions for Unmarried Homeowners

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January 10, 2025

Are you buying a home with someone you aren’t married to? If so, the IRS says that you may each be entitled to deduct the portion of the mortgage interest and real property tax...

06 Jan

Federal Tax, Tax

2024 Fourth Quarter Estimated Tax Payments

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January 10, 2025

It’s important for taxpayers who didn’t pay enough tax during 2024 to help avoid penalties by making a fourth quarter estimated tax payment by Jan. 15, 2025. Those who may need to make estimated...

31 Dec

Federal Tax, Tax

The IRS Has Issued the Mileage Rates for 2025

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December 23, 2024

The IRS has issued the 2025 cents-per-mile rates that can be used to calculate tax-deductible vehicle operating costs. Effective Jan. 1, 2025, the standard mileage rate for the business use of a car, van,...

30 Dec

Federal Tax, Tax

IRS Tax Checklist for Newlyweds in 2024

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December 20, 2024

Did you or someone you know get married in 2024? The IRS has provided a checklist to help newlyweds avoid mistakes that could cost them at tax time. How you file depends on your...

27 Dec

CTA

Latest CTA Development May Relieve Many Entities of Reporting Obligations

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February 19, 2025

There has been yet another court decision surrounding the Corporate Transparency Act ("CTA") and its impending deadlines. Just a few days ago, we sent you communication regarding the Financial Crimes Enforcement Network's ("FinCEN") January 13,...

24 Dec

CTA

FinCEN Extends BOI Reporting Deadline to January 13, 2025 for Many Reporting Entities

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February 19, 2025

We have new information from the Financial Crimes Enforcement Network ("FinCEN") regarding the Corporate Transparency Act ("CTA") reporting deadlines. On December 13, 2024, the U.S. Department of Justice (DOJ) filed an emergency motion with the...

20 Dec

Podcast Blog

Episode 71: Cg Business Advisor Podcast’s 2024 Year in Review

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December 20, 2024

Welcome to the Cg Business Advisor Podcast's 2024 Year in Review! This year, we’ve seen transformative conversations on business leadership, automation, and community impact. We kicked off with a look at intelligent automation, with Alan...

20 Dec

Federal Tax, Tax

Claiming 2024 Tax Breaks for Tuition Expenses

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December 19, 2024

Can you claim the American Opportunity Tax Credit (AOTC) or Lifetime Learning Credit (LLC) for tuition expenses? If eligible, you may secure a last-minute tax break for 2024 if you pay these expenses by...

18 Dec

CTA

Fast-Moving Developments on Corporate Transparency Act

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February 19, 2025

We recently sent you communications regarding the nationwide block of the Corporate Transparency Act ("CTA") by a Texas federal court. We're now learning new and timely information indicating that the CTA initial reporting deadline of...

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Posts by cgadmin

Reporting Digital Asset – Related Income on Your Tax Return

Potential Tax Deductions for Unmarried Homeowners

2024 Fourth Quarter Estimated Tax Payments

The IRS Has Issued the Mileage Rates for 2025

IRS Tax Checklist for Newlyweds in 2024

Latest CTA Development May Relieve Many Entities of Reporting Obligations

FinCEN Extends BOI Reporting Deadline to January 13, 2025 for Many Reporting Entities

Episode 71: Cg Business Advisor Podcast’s 2024 Year in Review

Claiming 2024 Tax Breaks for Tuition Expenses

Fast-Moving Developments on Corporate Transparency Act