FINCEN

A Welcome Relief: FinCEN Lifts Beneficial Ownership Reporting Burden from U.S. Companies

Oic and exrensions

You're eligible to apply for an offer in compromise if you: Filed all required tax returns and made all required estimated payments. Aren't in an open bankruptcy proceeding. Have a valid extension for a current year return (if applying for the current year). https://www.irs.gov Offer in compromise | Internal Revenue Service

Gambling losees

Gambling losses are deductible, but only to the extent that you have an equal or greater amount of reportable gamblimg winnings (you receive a form 1099-G)

Floidians have extra time to file due to hurricanes

The Florida tax deadline extension covers tax filing and payment deadlines normally due between Oct. 5, 2024, and May 1, 2025. All taxpayers in Florida have until May 1, 2025, to fulfill their tax obligations, including filing federal tax returns and making payments initially due during this period.Nov 12, 2024

Fl Hurricane Disaster creeit

Claiming Casualty Loss Deductions If you have experienced losses from hurricane damage, understanding casualty loss deductions is essential: Eligibility: Losses related to personal property, including homes, vehicles, and personal belongings, qualify for deductions. Businesses can also claim losses, although different regulations may apply. Filing: Use Form 4684 and report the deductions on Schedule A. Without a “qualified disaster” designation, the 10% AGI rule remains applicable for affected areas at the time of writing.