Corporate Transparency Act - Significant New Law - Action Required Learn More

Articles

Back To All Articles

Will we see tax reform in 2017?

Will We See Tax Reform In 2017 Attorneys Wichita Ks

Next up for House Republicans in Congress: tax reform. After the lengthy health care debate, the Republican-controlled House of Representatives will now turn their focus to tax reform, hoping to reach agreement before year end. However, new uncertainties about what the final tax package will contain may make it an uphill battle, mainly over policy differences within Republican ranks. To move forward on reform, the House, Senate, and President Trump must agree on key points where common ground may be elusive, including tax rates, tax cuts and how to pay for them.

View All

Related Articles


Corporate Transparency Act1

Corporate Transparency Act

In January of 2021, Congress enacted the Corporate Transparency Act, (the “Act”). The Act requires most small businesses to file a report to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury, disclosing certain information of small business entities. The Act goes into effect beginning January 1, 2024. The purpose of the Act is to provide transparency regarding ownership of legal entities to prevent money laundering, tax fraud and other illegal activities.

Due To Covid 19 The IRS Pushes Tax Deadline Attorneys Wichita Ks

Due to COVID-19, the IRS Pushes Tax Deadline Back to July 15

The traditional tax day of April 15 has passed and millions of Americans are taking advantage of the three-month reprieve given by the federal government and many states in response to the COVID-19 pandemic. Depending on your individual circumstances, you might be looking to file as quickly as possible in order to collect your refund.