FinCEN extends BOI deadline to January 13, 2025!

> Reporting companies that were created or registered prior to January 1, 2024 have until **January 13, 2025** to file their initial beneficial ownership information reports with FinCEN.

fincen.gov/boi

#TaxBS #TaxSky #TaxTwitter

How Billionaires Sidestepped a Tax Aimed at the Rich Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.

One of the many reasons why we cannot balance the budget in this country. Fasinating article. www.propublica.org/article/bill...

Happy Anniversary

Go through the deprec. Schedule with the client and see if they are still in service

Cold with more mayo than I usually use, with a cold side of stuffing.😋😋😋

Nope, and I haven’t heard of it either.

Too bad I cannot read this so I am going to speculate after reading your posts. I worked for a retailer as an FA and closely worked with the accounting dept. Pretty difficult if not impossible for senior management not to know this was happening. My 2 cents but need to read the article in full.

I don’t think any government job should be allowed to be in a union. As for non government I am mixed. Seen good and bad. Should be allowed.

Agreed, my least favorite part of the meal

Yikes, she is a nut job who is easily influenced

IRS reminds tax professionals to renew PTINs for 2025 tax season | Internal Revenue Service IR-2024-274, Oct. 22, 2024 — The Internal Revenue Service today announced that Preparer Tax Identification Number (PTIN) renewals for 2025 are now being processed.

Don’t forget to have those WISP statements completed! ow.ly/fvYv50TS3Pf

Starting to get my BOI responses from my correspondence to clients. This means I will have to chase less clients about signing the yes or no engagement letter.

#taxsky has anyone seen ERC refunds for businesses who filed after 1/31/24?

Tax Twitter Refugees. Check out Mark Wade’s TL

😩😩😩

Like really really bad since the election. And not just political stuff. The toxic replies about anything are off the charts. Hard pass.

Thank you for doing this Mark. I come back to your page to see updates to follow

Did mine on Friday. We are preparing them but you need to opt in or out

I joined long ago but started using it more after the election. I am just tired of the toxicity at the bird site. Trying to be nicer here

I do Target and Walmart drive up. I especially like Target bc it is so efficient and you get the items in 2 hours

My office manager is the best and my clients love her. Grateful. Sounds like you have the same.

My follower account there is down about 8% from last week. I like the less toxic environment here and a clean start with my tax peeps

Thank you for handling this Mark!

Prepared my first BOI statement online yesterday for my own corporation. I will probably prepare a few for clients after approval from my E & O insurance. Question, has anyone used the download application to Adobe instead of just online? Wondering the difficulty and/or issues.

Thank you!

Recovering from knee replacement surgery and I have a newby IRS auditor on a corporate audit.😩. Extremely disorganized and a terrible communicator. Finally asked to be referred to her supervisor. If this is the new wave of auditors it is not going to be pretty. And yes I finally got a time extension

Please add

You gotta be kidding ME!!!😂😩That is crazy