Changes are coming regarding check payments to and from the Internal Revenue Service
Changes are coming regarding check payments to and from the Internal Revenue Service. In accordance with a recent Executive Order, the IRS has announced that it will stop issuing most paper check… Continue On +
New Rules For Roth Catch Up Contributions
Certain changes are coming to rules around Roth “Catch-up” contributions for participants over age 50. A catch-up contribution is an extra, tax-advantaged contribution that individuals age 50 or older can make to… Continue On +
UNCLAIMED PROPERTY REPORTING SITES OPENING SOON
Unclaimed property audits have been on the rise recently and we want to remind everyone of the upcoming deadlines and steps that need to be taken for each state’s annual unclaimed property… Continue On +
Expiring Energy Credits Deadlines Quickly Approaching
The new tax law just recently passed has expiration dates for several energy credits that may require action to secure the credits SOONER THAN LATER before they expire. Electric vehicle credits (Expiring… Continue On +
Unlocking Tax-Free Retirement: What Dentists Should Know About Backdoor Roth Conversions
As a high-earning dental professional, you’re likely no stranger to the challenge of retirement planning within IRS income limits. One common frustration? Not qualifying for direct Roth IRA contributions due to income… Continue On +
Taxes and Due Dates
Juggling taxes and due dates is difficult while trying to run a business. Now that the stress of second quarter taxes has passed, there are a couple of things that you can… Continue On +
Avoiding Audit Nightmares
Taxes are a complex subject, and they occur at every level of government (federal, state and local). As a business owner, it is essential to comply with tax laws. Sometimes, despite your… Continue On +
Unclaimed Patient Refunds
Around this time of year, Fluence sends out a letter about submitting unclaimed patient refunds older than three years to the state’s Unclaimed Property division. Along with a formal letter describing the… Continue On +
FinCEN Lifts Beneficial Ownership Reporting Requirement for U.S. Companies
The Financial Crimes Enforcement Network (FinCEN) announced that U.S. companies no longer need to file Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act. This reporting rule took effect in 2024… Continue On +
Auto Log and Meals and Entertainment
Here are two important letters: the Auto Letter and the Travel, Meals, and Entertainment Letter. These letters provide helpful information regarding the proper documentation and substantiation of these business-related expenses, as well… Continue On +
New Voluntary Self-Identification Form for Oregon Taxpayers
Beginning with the 2025 filing season, tax practitioners are obliged to inform Oregon taxpayers (including non-residents who file an Oregon tax return) of a new form, Form OR-VSI. Please see below for… Continue On +
Fluence LLC Introduces SafeSend Returns® for Tax Return Delivery
We are pleased to offer SafeSend Returns to our clients as our secure, electronic tax return delivery system. The client-friendly interface walks you through a guided process that includes on-screen review of… Continue On +