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What Tax Law Changes Will Impact Me in 2025?

The top 10 federal tax law changes for 2025 include updates to deductions, tax brackets, credits, and more—but are these changes really as beneficial as they seem? While many adjustments are framed as efforts to simplify the system or provide relief, it’s always worth examining...

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Can the IRS Remove Penalties and Interest?

Can the IRS Abate Penalties and Interest? Here’s What You Need to Know Yes, the IRS can abate penalties and interest under specific circumstances, providing much-needed relief to taxpayers who meet certain criteria. However, understanding when and how this relief is granted is...

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What is FinCEN Beneficial Ownership Reporting?

FinCEN Beneficial Ownership Reporting is a rule that intends to make financial dealings clearer and stops illegal activities like money laundering, funding terrorism, and avoiding taxes. This rule, required by the Corporate Transparency Act (CTA), became law in 2021 as part of...

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