Current Federal Tax Developments

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2023-09-25 FinCEN Issues Guide for Small Business CTA BOI Reporting

This week we look at:

  • FinCEN provides guide to small businesses for beneficial ownership reporting under the Corporate Transparency Act

  • Taxpayer cannot rely on the mailbox rule to prove timely mailing/filing of tax return, as §7502 is the sole way of proving timely postmark and get presumption of delivery

  • Impact of receipt of a CP2100/2100A notice on backup withholding

The audio only version of this week’s broadcast can be streamed or downloaded below:

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2023-09-25 FinCEN Issues Guide for Small Business CTA BOI Reporting Edward K. Zollars, CPA (Kaplan Financial Education)

A PDF with the slides and links to articles can be downloaded below:

2023-09-25 Current Federal Tax Developments