by Fishman, Block + Diamond, LLP | Jan 18, 2024 | Client Memo, Tax
On November 24, 2023, the U.S. Treasury Department released proposed regulations (REG-131756-11) that would amend existing regulations under §267 and §707 relating to the disallowance or deferral of deductions for losses and expenses in certain transactions with...
by Fishman, Block + Diamond, LLP | Jan 14, 2024 | Client Memo, Tax
The Corporate Transparency Act (“CTA”) has gone into effect as of January 1, 2024, requiring timely submission of specified information on new or existing companies and their beneficial owners, regardless of industry. These new reporting obligations will impact...
by Fishman, Block + Diamond, LLP | Jan 8, 2024 | Client Memo, Tax
On February 23, 2023, the IRS significantly expanded electronic filing requirements for tax returns. Employers filing 10 or more returns of any type on or after January 1, 2024, must now submit returns electronically instead of via paper filings. The previous...
by Fishman, Block + Diamond, LLP | Jan 4, 2024 | Client Memo
Dear all, I hope this message finds you well. I am writing to inform you of a significant change within our firm that may have already come to your attention. After an incredible 40 years of dedicated service, our esteemed Administrative Assistant, Lex, has retired....
by Fishman, Block + Diamond, LLP | Oct 23, 2023 | Client Memo, Tax
On October 16, 2023, the IRS and FTB announced that the tax year 2022 federal and California income tax filing and payment due date will be further postponed until November 16, 2023. This postponement is again for victims of the California winter storms and includes...