The IRS is cleaning up its act. And cranking up collections.

The IRS is cleaning up its act. And cranking up collections.

Feb 14, 2024 | News to Note

From Barron’s – By Karen Hube —  As the 2023 tax-filing season kicks off, some taxpayers will find fewer hassles in dealing with the Internal Revenue Service compared with recent years, but most should keep a couple aspirin on hand—expect long waits and a stricter...
Welcome to Identity Theft Awareness Week 2024

Welcome to Identity Theft Awareness Week 2024

Jan 31, 2024 | News to Note

From the Federal Trade Commission — By Colleen Tressler —   You’ve probably heard about identity theft, but have you heard about Identity Theft Awareness week? That’s when the FTC and its partners host free podcasts, webinars, Facebook Live interviews, and other...
Child Tax Credits Could Be Expanded Under Bipartisan Deal

Child Tax Credits Could Be Expanded Under Bipartisan Deal

Jan 24, 2024 | News to Note

From Barron’s — By Elizabeth O’Brien —    Lawmakers are aiming to significantly reduce child poverty with a new bipartisan proposal that would expand child tax credits.   Continue reading at Barron's Contact the Pinnacle CPA Advisory Group If you need...
The hidden consequences of not filing your taxes

The hidden consequences of not filing your taxes

Jan 17, 2024 | News to Note

From Forbes — By Jessica Ledingham, J.D., LL.M. —    As tax season opens, millions of Americans are experiencing anxiety. The dreaded fear of owing money to Uncle Sam can be overwhelming, leading some to delay or completely disregard filing their taxes. You might...
‘BOI’ reporting requirement has arrived for businesses

‘BOI’ reporting requirement has arrived for businesses

Jan 3, 2024 | News to Note

Dear Clients, Starting Jan. 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA”). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure...
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