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IS YOUR LLC OR PARTNERSHIP READY FOR ITS (POSSIBLY) IMPENDING AUDIT?

2021 may be the year the IRS dramatically increases partnership tax audits. By Brad H. Hamilton, January 21, 2021 On September 1, 2020, as a first step in its stated intention to increase Partnership audits in 2021, the Internal Revenue Service added a new section on its website at IRS.GOV entitled: BBA Centralized Partnership Audit [...]

By |2021-01-22T01:00:10+00:00January 22nd, 2021|Uncategorized|Comments Off on IS YOUR LLC OR PARTNERSHIP READY FOR ITS (POSSIBLY) IMPENDING AUDIT?
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CORPORATE TRANSPARENCY ACT REQUIRES FEDERAL REPORTING OF COMPANY CONTROL OWNERS

The U.S. Corporate Transparency Act requires reporting of controlling owners of corporations, LLCs, limited liability partnerships and other business entities to the U.S. Department of Treasury. By Brad H. Hamilton and Marika Rietsema Ball, January 5, 2021 On January 1, 2021 the United States Senate voted to override the Executive veto of the National Defense [...]

By |2021-01-06T19:32:51+00:00January 6th, 2021|Uncategorized|Comments Off on CORPORATE TRANSPARENCY ACT REQUIRES FEDERAL REPORTING OF COMPANY CONTROL OWNERS
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