Author Archives: Russ

New Jersey Division of Taxation Wishes to Add More Identity Theft

One of our clients received a notice from the New Jersey Division of Taxation asking for additional documentation for a previously filed tax return (copies of W-2s, 1099s, and the federal tax return).  New Jersey gave two options for responding: … Continue reading

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The 2024 Tax Offender of the Year

One year, perhaps, there won’t be so many nominees for my annual Tax Offender of the Year award…but this isn’t the year.  We even have a repeat nominee (and I strongly considered giving that nominee the award).  As a reminder, … Continue reading

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I’m Not Making This Up: BOI Is Stayed Again

I swear I’m not making this up: Tonight, the 5th Circuit Court of Appeals has reversed the previous ruling, and once again the Beneficial Ownership Information (BOI) reporting requirements of the Corporate Transparency Act (CTA) are again stayed nationally. This … Continue reading

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5th Circuit Court of Appeals Stays BOI/CTA Injunction; BOI Reports Again Due January 1, 2025

Today, the 5th Circuit Court of Appeals stayed the previous ruling putting a nationwide injunction against the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting.  This ruling can be appealed by the plaintiffs to the Supreme Court, but it’s … Continue reading

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IRS Announces 2025 Standard Mileage Rates

The IRS announced the 2025 standard mileage rates today.  The new rates are: $0.70/mile for business use (up from $0.67/mile in 2024); $0.21/mile for medical purposes; $0.21/mile for moving for members of the Armed Forces; and $0.14/mile for charitable mileage. … Continue reading

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Nominations Due for the 2024 Tax Offender of the Year

It’s nearly time for the award I annually give: The Tax Offender of the Year.  To qualify, the winner has to do more than cheating on his or her taxes; he or she needed to really cheat or have committed … Continue reading

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US Appeals BOI Injunction

In a move that surprises absolutely no one, the United States has appealed the preliminary injunction issued by Judge Amos Mazzant against the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) reporting.  The appeal is to the Fifth Circuit … Continue reading

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A Miss by Trump: Billy Long as IRS Commissioner

Yesterday, President-Elect Trump announced that he would nominate former Missouri Congressman Billy Long as IRS Commissioner.  This is a nomination that should not happen, and if does occur I hope that the Senate does not “Advise and Consent” to Mr. … Continue reading

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Corporate Transparency Act/BOI Reporting Enjoined Nationally by Texas Court

A Texas court today issued a nationwide injunction against the Corporate Transparency Act and Beneficial Ownership Information (BOI) reporting.  Judge Amos Mazzant of the Eastern District of Texas issued the sweeping ruling in Texas Top Cop Shop, Inc. v Garland; … Continue reading

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2025 Tax Foundation’s State Tax Competitiveness: Some New Winners, But the Usual Losers

The Tax Foundation released its 2025 State Tax Competitiveness Index (formerly the Business Tax Climate Index).  While taxes aren’t everything in where you situate a business, they’re absolutely an important factor. If I have to pay an extra 10% in … Continue reading

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