O'Leary's Tax Service, Ltd.

Beneficial ownership reports must be filed by January 13, 2025 at

Beneficial Ownership Information Reporting | FinCEN.gov A final rule implementing the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA) was issued in September 2022. These regulations go into effect on January 1, 2024. Beneficial ownership information will not be accepted prior to January 1, 2024.

Taxpayers in 12 pilot states who meet certain requirements can use Direct File through the April tax deadline. See if you qualify: www.directfile.irs.gov

2024 Retroactive Tax Deductions

The new IRS 1099K form Do you use a money application such as Venmo, Zelle, Cashapp, or others to send money? There is a chance that you could receive a tax form for doing so! Our ...

Schemes promoting the Employee Retention Credit don’t tell you about your risks. Don’t fall for it: You could have to repay improper claims of the credit with penalties and interest. Learn more at www.irs.gov/erc

Washington State Department of Revenue

Why writing a will and planning for your death is a 'lifetime gift' to loved ones : Life Kit Talking about death makes many of us uncomfortable, so we don't plan for it. But the reality is that even a small amount of planning ensures our final wishes are honored — and makes it easier on our family and friends. This episode will help you get started on making a will and an advance directiv...

Today - our Talking with TaxSpeaker subscribers receive a bonus episode, with Terry Bakker, covering the Employee Retention Credit!

"COVID Relief Audits are coming. Know how to protect yourself and your clients with the appropriate documentation."

You can find Terry's full ERC CPE course by following this link: https://taxspeaker.com/store/event/10649

Come check out our updated website: www.olearytax.com!

You're one click away from easy access to your client portal and a more stream-lined way to make payments!

We appreciate you!

OLearys – Olearys Tax Services O’Leary Tax is committed to assisting our clients in navigating the complexities of taxation and compliance in order to maximize their wealth and prepare for life events. We are a relationship based firm We work with our customers to prepare them for life events such as marriage, children, educati...

🌟NEW WEBINAR🌟

After the overwhelming response to yesterday’s TaxSpeaker newsletter
on the latest Employee Retention Credit (ERC) regulations, we are releasing a brand new webinar: “Payroll & the Latest ERC Guidance.”

This course will be taught by Terry Bakker CPA, EA for the low cost
of $79 & is eligible for 1-Taxes CPE credit hours. The material will cover IRS Notice 2021-49 & Rev. Proc. 2021-33, which clarifies the latest rules under the American Rescue Plan Act. We will also delve into lingering questions regarding the calculation, which
owners/employees/spouses are eligible, & how to calculate gross receipts.

The first webinar will be a live broadcast, & the remaining will be
re-broadcasts from that recording. Find available dates & register now: bit.ly/Payroll-and-ERC-Guidance-2021

*This course is not eligible for CPE packages or other discounts.