Author Archives: Mike Adams

Expect long delays on refunds by check.

In accordance with Executive Order 14247, Modernizing Payments To and From America’s Bank Account, signed on March 25, 2025, the U.S. Department of the Treasury, in coordination with the Internal Revenue Service and other federal agencies, is advancing the transition to fully electronic federal payments. This policy shift includes phase out of paper tax refund checksContinue reading “Expect long delays on refunds by check.”

One Big Beautiful Bill Information

From time-to-time we need to provide our clients with important tax legislation that could impact their yearly federal income taxes.  One such piece of tax legislation is the recent passage of the “One Big Beautiful Bill” (OBBB) signed into law on July 4, 2025, containing over 800 pages.  We’ve received many questions about the effectsContinue reading “One Big Beautiful Bill Information”

FinCEN removes BOI filing requirements for US Companies and Persons

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. https://www.fincen.gov/news/news-releases/fincen-removes-beneficial-ownership-reporting-requirements-us-companies-and-us

Federal Government Appeal Reinstates Dec 31 Deadline to File BOI Report

December 23, 2024 – 4:30 pm ET – The federal government’s appeal of the Texas U.S. District Court ruling that had declared the Corporate Transparency Act unconstitutional and alleviated businesses fom having to file the Beneficial Ownership Information Report (BOIR) has been reversed by the U.S. 5th Circuit Court of Appeals with a stay onContinue reading “Federal Government Appeal Reinstates Dec 31 Deadline to File BOI Report”