The Freedom Group, Inc.

FYI - IRS just extended the April 15 deadline to May 22,2026. This extends the date to file and pay with out late filing or late payment penalties or interest.

IRS announces tax relief for taxpayers impacted by Winter Storm Fern in Tennessee; various deadlines postponed to May 22, 2026 | Internal Revenue Service TN-2026-01, April 3, 2026 — The IRS announced today tax relief for individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026.

Scam Warning for TN LLCs & Entities
When you form a LLC or other entity in TN your information is a public information. People buy that information and it opens you up to being scammed. The two letters below are trying to appear like they are from the State of TN but they are just businesses trying to trick you into paying them for services you do not need.

When you do your 2025 tax return you will be able to register for the New Trump Savings account for children 0-17 years of age. The program will begin in July but everyone should register for their child.

Jumpstarting the American Dream Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

https://www.forbes.com/sites/kellyphillipserb/2025/08/20/irs-encourages-taxpayers-to-take-measures-to-prevent-fraud/?utm_source=ForbesMainFacebook&utm_medium=social&utm_campaign=socialflowForbesMainFB&fbclid=IwQ0xDSwMTevFleHRuA2FlbQIxMQABHsc1HsPbZlo2zXN-XJbsTPSgPt6Xv7_lv1qtsW8jpf4PQli8gzeJTlKPRYTk_aem_S5Oy4rnqeq7FmGNlM4gkJg

IRS Encourages Taxpayers To Take Measures To Prevent Fraud The IRS is encouraging taxpayers to get an identity protection PIN (IP PIN). An IP PIN is a six-digit number that helps prevent thieves from filing federal tax returns in your name.

We have a new booking site for appointments at

Book Online with The Freedom Group, Inc Tax Services in Nashville. Tax Consultation Phone, New Client 1 Hour Tax Preparation, Self-Employed Tax Credit, Tax Consultation In Office... Book Now!

Most people will not have to pay any additional tax on these forms if they are reported properly. However, if you receive a 1099-k and do not report it on your tax return you could wind up with a lot of IRS issues including an IRS audit.

The IRS Starts New Tax Rule for Venmo, PayPal and CashApp. What You Need to Know If you made more than $5,000 through third-party apps, the IRS will know about it.

NEW BOI Reporting is Mandatory for LLC’s. S-Corps, Partnerships & C-Corps

If you do not have an LLC, S-Corp, Partnership or C-Corp you can disregard this email.

As of January 1, 2024,Financial Crimes Enforcement Network (FinCEN) is requiring most companies (LLC, S-corps, C-corps, Partnerships) to report information to FinCEN about the individuals who ultimately own or control them.

Effective January 1, 2024, all US and foreign companies that were formed in or have registered with any of the 50 US states must comply with new Beneficial Ownership Information (BOI) reporting requirements from the Financial Crimes Enforcement Network (FinCEN), as prescribed by the Corporate Transparency Act(CTA). More information may be found on the official website of the United States Government (https://www.fincen.gov/boi)

If this is something you have already done or want to do on your own, you can ignore the rest of this email. This is not a service that we can assist you with, but we are pleased to announce that we have teamed up with FileForms to ensure seamless filing and reporting of the required information. We have extensively vetted this company and feel that partnering with a proven company is best for you as we navigate these new reporting requirements.

About Beneficial Ownership Information Reports

Who must file?
Most Corporations, S-Corporations, LLCs, and limited partnerships will likely need to file a BOI report, but some business structures are exempt.

Who is a beneficial owner?
· Anyone who possesses or exercises control over twenty-five percent or more of the voting stock or equivalent of the company is also considered a beneficial owner.
· Any individual who, directly or indirectly, can exercise substantial influence over the reporting firm is considered a “beneficial owner.” Chief Executive Officer, President, and General Counsel are all examples of such high-ranking personnel.

When is the deadline?
· If a company was formed before January 1, 2024, then the initial report is due no later than January 1, 2025.
· If a company is created on or after January 1, 2024, then the initial report is due within 90 days of the date the entity is created.

What happens if I do not file?
· There are penalties of $591 per day and up to $10,000 per entity with civil and criminal penalties to follow for continuing to miss deadlines.

Create your account and file now! https://register.fileforms.com/partner-file-now-cta-v2/?RR_WCID=3C715E78-56EA-41E2-B249-1D66BD7E1E74&RR_WCID_TTL=396&REFERRALCODE=87588564&utm_campaign=Referral+Program

If you have any questions regarding our partnership with FileForms or the new BOI reporting requirements contact FileForms directly at +1-888-515-FILE or email them at [email protected]

I appreciate your business and look forward to assisting you as we navigate these new requirements together.

Joseph Bruce Hicks
The Freedom Group, Inc.
615-678-6776

File Your BOI Report As of January 1, 2024, most US and foreign businesses in the US must adhere to the new BOI (Beneficial Ownership Information) reporting rules under the Corporate Transparency Act (CTA) for enhanced national security and anti-money laundering efforts.

FRAUD WARNING
I had a client who received a call from someone claiming to be from the Williamson County Sheriff saying there was an arrect warrant out for them. They were told the Department of Justice had charged them with taking a fraudulent PPP loan during the pandemic. They were sent a lot of very good fake documents and told they had to go to a cryptocurrency ATM and pay $11,500 in bond or they were going to be arrested. They called me and then called the Williamson County Sheriff and were told this is an ongoing fraud that has already caught a number of people. IRS, SBA and law enforcement will NEVER ask you to pay anything over the phone, by gift card, wire or ATM.

A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It. — The Wall Street Journal Estimated-tax penalties can catch taxpayers by surprise. Even the government’s ‘safe harbors’ aren’t entirely safe.

If you haven’t filed your 2023 tax return and you are in one of these counties don’t panic you have until June 17

IRS: Tennessee taxpayers impacted by storms and tornadoes qualify for tax relief; various deadlines postponed to June 17 | Internal Revenue Service IR-2023-250, Dec. 22, 2023 — The Internal Revenue Service today provided tax relief for individuals and businesses in parts of Tennessee affected by severe storms and tornadoes that began on Dec. 9.