Taxes By George

04/21/2024

Gracias Gracias Gracias a todos nuestros clientes por esta maravillosa temporada, estaremos comprometidos con ustedes en prepararnos cada vez más para hacer de su experiencia de Taxes la mejor y más profesional asesoria

01/17/2024

With 12 days until the official start of tax season, Congress has unveiled a bipartisan tax bill that, if passed, would include retroactive provisions that will affect how you prepare returns this year.

Proposed changes include:

Expansion of the child tax credit, including a larger refundable portion of the credit
Election of using prior year income for determining earned income for purposes of the child tax credit
Extension of the disaster-related personal casualty losses
Increase in threshold reporting for forms 1099-NEC and 1099-MISC
Deduction for research and experimental expenditures
Extension of 100% bonus deprecation
End of the employee retention credit program as well increase in due diligence requirements and penalties for ERTC promoters/material advisors
NATP is closely monitoring the details of this news and will be in communication with our members as the proposed legislation becomes law, and how the IRS implements these changes during tax season.

01/15/2024

El Reporte BOI de Información sobre Beneficiarios Finales
El Reporte BOI o Informe de Información sobre Beneficiarios Finales, es un documento que se debe presentar ante la FinCEN (Financial Crimes Enforcement Network) en los Estados Unidos.

Este reporte se hizo obligatorio a partir de 2024 y surge como resultado de la Ley de Transparencia Corporativa (Corporate Transparency Act, CTA) promulgada en 2021.

Su propósito principal es identificar y divulgar información sobre las personas que son los beneficiarios finales o propietarios reales de una empresa.

Origen y motivos del Reporte BOI de Información sobre Beneficiarios Finales
El origen y el propósito detrás del Reporte BOI de Información sobre Beneficiarios Finales se remontan a la Ley de Transparencia Corporativa (Corporate Transparency Act, CTA), una legislación que vio la luz el 1 de enero de 2021 gracias al esfuerzo del Congreso estadounidense.

Esta ley tiene un objetivo fundamental: revelar quiénes están detrás de las empresas en el país.

Call now to connect with business.

01/09/2024

2024 tax filing season set for January 29, 2024

— The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation's 2024 tax season when the agency will begin accepting and processing 2023 tax returns.
Individual tax returns to be filed by the April 15, 2024, tax deadline.
People do not need to wait until then to work on their taxes if they're using tax professionals.

12/31/2023

Tax season is approaching fast !!

12/31/2023

WASHINGTON — With the nation's tax season rapidly approaching, the Internal Revenue Service reminds taxpayers there are important steps they can take now to help "get ready" to file their 2023 federal tax return.

This is the first in a series of special IRS "Get Ready" reminders to help taxpayers prepare for the upcoming tax filing season in early 2024. A little advance work now can help people have the paperwork and information ready to file their tax returns quickly and accurately. As part of this education effort, the IRS has a special page outlining items taxpayers can look into now to get ready to file their 2023 tax returns.

11/09/2023

Creating the future of our community with Mayor Dan Gelber

10/07/2023

https://tips.resourcesforclients.com/6W6TL4PSTjud

When you decide to start taking your Social Security Benefit can have a big impact on the monthly amount you receive. Plan now to maximize your payments.