Federal Tax Topics

New Beneficial Ownership Information FAQs 

FinCEN has posted new beneficial ownership information FAQs regarding reporting requirements, compliance, enforcement, exemptions, and more.

Proposed Rules on Corporate Stock Buybacks 

The Treasury Department and IRS have announced proposed guidance concerning the one percent excise tax owed on corporate stock repurchases.

Help for Clients Who Received a Form 1099-K in 2024 

IRS reports that misinformation continues to circulate about why taxpayers may or may not have received a Form 1099-K, Payment Card and Third Party Network Transactions, in 2024.

File for Unclaimed 2020 Refunds by May 17 

Unclaimed tax refunds totaling more than $1 billion are waiting for about 940,000 taxpayers across the country who did not file their 2020 returns.

Transforming IRS for a Digital World 

IRS commissioner Danny Werfel shared his vision for a modern and accessible IRS during a recent talk at the Kogod School of Business.