AMCTaxGuy

It's tax season and scammers take advantage of this time to spoof emails impersonating tax professionals and firms.

AMCTaxGuy will never request personal identifying information (PII) or ask you to send tax documents via email attachments.

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PSA: For those of you who have yet to file the FinCEN Beneficial Ownership Info Report, the US 5th Circuit Court of Appeals reinstated the filing requirements yesterday.

If your reporting entity was created by a filing with a state Secretary of State prior to 1-1-24, the reinstated deadline to file the BOIR is now January 13, 2025.

IMPORTANT UPDATE 12-23-24:
Reporting entities in existence before January 1, 2024, must file by January 13, 2025.

Original Post 12-4-24
A federal court in Texas has granted a preliminary injunction nationwide against the Corporate Transparency Act (CTA) and its beneficial ownership info reporting (BOIR) requirements. The CTA was designed to promote corporate transparency and combat money laundering, corruption, and financial crimes.

For more information:

Corporate Transparency Act Blocked Nationwide by Texas Court The Corporate Transparency Act and its implementing regulations, which require US business entities to report stakeholder information to the Treasury Department, were preliminarily blocked nationwide by a Texas federal court on Tuesday.

With about 2.9 billion people’s financial data potentially compromised, prevent tax identity theft from happening to you by applying for an IRS Identity Protection PIN. This six-digit PIN is required when electronically filing a tax return to prevent someone else from using your Social Security number for tax fraud.

Get An Identity Protection PIN | Internal Revenue Service Get an Identity Protection PIN (IP PIN) to protect your tax account.

Are you a small-business owner? If so, beginning January 1, 2024, you may be subject to the new Beneficial Ownership Information (BOI) reporting requirements with FinCEN imposed by the Corporate Transparency Act. Many companies will be required to report information to the US government about who owns and controls them to help enhance transparency, combat fraud and financial crimes. To learn more about the BOI reporting requirements, you can visit FinCEN.gov (link provided below).

https://www.fincen.gov/boi

Beneficial Ownership Information Reporting | FinCEN.gov Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.