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Now what? Assessing the likely tax impacts of the 2024 election

by DunlapSLK | Nov 25, 2024 | Uncategorized

President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified GOP Congress is poised to help him notch early legislative tax victories. (Republicans have...

How much can you contribute to your retirement plan in 2025? The IRS just revealed the answer

by DunlapSLK | Nov 22, 2024 | Resources For Individual Taxpayers

The IRS has issued its 2025 inflation adjustment numbers for more than 60 tax provisions in Revenue Procedure 2024-40. Inflation has moderated somewhat this year over last, so many amounts will increase over 2024 but not as much as in the previous year. Take these...

Businesses: Do you have to comply with the new corporate transparency reporting rules?

by DunlapSLK | Nov 6, 2024 | Uncategorized

A repost of an item originally posted on January 3, 2024. Your business may have to meet new reporting requirements that took effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be required to provide...

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  • FinCEN issues interim final rule on Beneficial Ownership Information (BOI) reporting
  • Do you have questions about taking IRA withdrawals? We’ve got answers
  • Exploring business entities: Is an S corporation the right choice?

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