Author: taxsecretsblog

Article Highlights:   Federal District Court Lifts Final BOI Injunction FinCEN Extends Reporting Deadline for 30-days Current Status Pending Legislation Important Details to Consider On February 18, 2025, the federal district court lifted the last remaining nationwide injunction stopping beneficial ownership information (BOI) filing requirements.

This is the fourth in a series of articles for clients to keep them updated on the thinking on Capitol Hill on proposed tax changes so you can plan appropriately. This delves into President Trump’s proposal to eliminate taxes on tips which he reiterated when

Remember when “downsizing” was something you did to your closet every spring? Now, it’s a buzzword for a major financial move: selling the big family home to streamline expenses, pocket extra cash, or fund that dream RV trip. Especially for Baby Boomers and Gen Xers

When you’re planning the perfect retirement, it’s easy to focus on the fun stuff—like a sunnier climate, a nearby golf course, or how many grandkids you can squeeze into holiday photos. But there’s one factor that can make or break your plans: estate and inheritance

Article Highlights: Filing Status Thresholds for 2024 Why File a Tax Return Anyway? Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Unfiled Returns for Past Years Many individuals may find themselves earning below the income thresholds that require them to file a federal income

The UK’s tax landscape is undergoing a seismic shift, particularly for high-net-worth foreign residents who have long benefited from the country’s non-domiciled ("non-dom") tax status. The non-dom regime, which allowed UK residents whose permanent home was elsewhere only to pay tax on their UK income—while foreign

Tariffs aren’t just numbers on a spreadsheet anymore. They’re eating into your profit margins, creating supplier drama, and forcing you to rework your entire budget. If you’re an SMB owner or financial manager, you’re probably wondering how to navigate this new normal—especially when these U.S.

As electric vehicle (EV) adoption accelerates across the U.S., states are grappling with a major funding dilemma: how to replace the billions of dollars traditionally generated by gasoline taxes, which have long funded infrastructure and road maintenance. Since EVs don’t use gasoline, their owners don’t

Picture This… It’s Monday morning. You’re running on caffeine fumes and a sliver of hope as you open the mail. Then—bam—you see it. A letter from the IRS. You scan the page, your eyes land on those dreadful words: “Wage Garnishment.” Your heart plummets. Questions come

This is part of a series of articles to tax clients to help you keep up to date on what is going on in Capitol Hill on tax related issues so you can plan appropriately. Please contact this office with questions. In our last bulletin