*NEW: FinCEN & BOI UPDATE*
*NEW: FinCEN & BOI UPDATE*
CORPORATE TRANSPARENCY ACT
New Rules Require Beneficial Ownership Reporting to FinCEN
Reporting MANDATORY and EFFECTIVE - January 1, 2024
NEED TO KNOW: The Corporate Transparency Tax Act is designed to help the U.S. government collect information to prevent the use of the U.S. financial system for illicit activities.
All domestic entities and any foreign entity registered to do business in the United States must report beneficial ownership information.
The reporting is MANDATORY and there are penalties for noncompliance.
Checklist
CORPORATion | FRANCHISE | INDIVIDUAL
*ALL CHECKLIST DOCUMENTS ARE AT THE BOTTOM OF THIS PAGE*
FRANCHISE RETURN - FILED WITH CORPORATE RETURN
FRANCHISE Tax Return must be received and filed by May 15, 2024, for the 2023 tax year.
WEB FILE NUMBER: The State of Texas will assess a penalty for filing a Franchise Return without a Web File Number. Please provide a Web File Number to prepare a Texas State Franchise Return for Tax Year 2023.
Franchsie Tax Return cannot be E-filed without a web file number.
Web File Contact Telephone#: 800-252-1381 State of Texas Franchise Division.
TAX EXTENSIONS
2023 INDIVIDUAL TAX RETURN - EXTENSION
If an Individual Extension has been filed, the due date is: September 15th, 2024
2023 CORPORATE TAX RETURN - EXTENSION
If a Corporate Extension has been filed, the due date is: October 15th, 2024
OUR OFFICE WILL NOT ASSUME RESPONSIBILITY FOR LATE FILING, PENALTIES AND INTEREST DUE TO YOUR LACK OF PREPARATION AND DELIVERY OF COMPLETED DATA.
PLEASE NOTE THE FOLLOWING
As a result of your delay in responding to our request for missing or incomplete data, our office will not assume responsibility for any Interest or Penalties due to your inability to deliver the required information. Please access the forms and other information at the bottom of this page.
YOU MUST BE ABLE TO SUBSTANTIATE AND VERIFY ALL DEDUCTIONS SUBMITTED WITH YOUR TAX RETURN.
CORPORATE - If missing data is not received for a Corporation Tax Return BY FEBRUARY 5th, 2024, we will not be able to complete the Corporation returns.
INDIVIDUAL - If missing data is not received for an Individual Tax Return BY MARCH 3rd, 2024, we will not be able to complete Individual returns.
New Clients
Please bring prior-year tax returns for review, including any audit information.
Download the necessary documents below. Print and fill in the form to expedite preparation and processing. Bring the form with you to the meeting.