IRS Paper Check Payments: A Likely Shift Ahead
While the IRS currently accepts paper checks for tax payments including quarterly estimated payments and payments submitted with tax returns recent federal initiatives suggest this may soon change. What’s Changing? In March, Executive Order 14247, Modernizing Payments to and From America’s Bank Account, … Read more…
IRS Restores Full Research and Development Expensing
We wanted to share important news from the IRS that could have a significant impact on your tax strategy. On August 28, the IRS released Revenue Procedure 2025-28, restoring full expensing for domestic research and development (R&D) costs under the … Read more…
IRS Mid-Year Mailing Address Change: What Taxpayers Need to Know
The IRS has announced a mid-year change to the mailing addresses for Form 1040 payments and estimated tax payments (Form 1040-ES). This update is effective immediately and impacts taxpayers who mail payments rather than submitting them electronically. What’s Changed? Previously, … Read more…
How will the changes to the SALT deduction affect your tax planning?
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. If you have high SALT expenses, the changes could significantly reduce your federal income tax liability. But … Read more…
Thinking About Going Electric or Solar? Here’s Why You Shouldn’t Wait
If you’ve been thinking about buying an electric vehicle or installing solar panels on your home, now’s the time to stop thinking and start doing. The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, has officially … Read more…
Understanding the One Big Beautiful Bill Act: What It Means for You
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, introducing a wide range of tax changes that will affect individuals, families, and businesses for years to come. At Jones & Roth, we are committed … Read more…
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies
The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that eliminates the requirement for U.S. companies and individuals to report beneficial ownership information (BOI) under the Corporate Transparency Act. Existing foreign companies, however, must still report their … Read more…
March 2nd Update: Treasury Department Announces It Will Not Enforce Non-Compliance of BOI Reporting Requirement
Update: The Corporate Transparency Act and its BOI reporting requirements are currently under litigation. Please refer to our most recent post for the latest developments. The Treasury Department announced on March 2, that it will not enforce any penalties or fines related to the beneficial ownership information (BOI) reporting rule under the Corporate Transparency Act, both under the current deadlines … Read more…
BOI Reporting Deadline Now March 21 – U.S. District Court Ruling Reinstates CTA & Beneficial Ownership Information Reporting Requirement… Once Again
Update: The Corporate Transparency Act and its BOI reporting requirements are currently under litigation. Please refer to our most recent post for the latest developments. A February 18th FinCEN alert notified businesses that the U.S. District Court for the Eastern District of Texas reinstated the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). FinCEN indicated that during the … Read more…
Dec. 26th BOI Update: Court Blocks Reporting Requirement…Again
Update: The Corporate Transparency Act and its BOI reporting requirements are currently under litigation. Please refer to our most recent post for the latest developments. In another twist for small-business owners, a federal court has once again halted the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirement. On Thursday, December 26, a Fifth Circuit Court of Appeals panel … Read more…
