BOI Update
On February 18, 2025, the U.S. District Court for the Eastern District of Texas reinstated the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. For the majority…
Blog
The Key Differences Between Traditional and Roth IRAs You Need to Know
Individual Retirement Accounts (IRAs) are essential tools for retirement planning, offering tax advantages that can help you grow your savings over time. Two of the most popular types of IRAs…
Essential Tax Credits Every Parent Should Know About
Parents have special tax situations and benefits. Tax breaks for parenting expenses can result in a lower tax bill and a higher refund. Here are some key things new parents…
Start Off on the Right Foot for the 2025 Tax Year
Individuals and small businesses should consider various ways of starting off on the right foot for the 2025 tax year. W-4 Updates – If you are employed, then your employer…
BOI Injunction
On Tuesday December 3, 2024, Judge Amos L. Mazzant III of the US District Court of the Eastern District of Texas, issued a nationwide injunction which preliminarily blocks the initial…
Submission of Beneficial Ownership Information (“BOI”) to FinCEN
The Corporate Transparency Act requires many small businesses to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Both domestic and foreign reporting entities are required…
Lutz, Selig & Zeronda, LLP recognizes Melissa
At Lutz, Selig & Zeronda, LLP, we take pride in recognizing the achievements of our team members. As a Senior Associate at Lutz, Selig & Zeronda, LLP, Melissa Badon, CPA…
Boost Your Income: How Renting Your Vacation Home Can Maximize Your Earnings and Minimize Your Taxes
Volume 11 Issue 6, Blog, eNewsletter
Owning a dwelling unit that is used as a vacation home can be a dream come true, offering a personal retreat and potential rental income. However, the tax implications of…
Breaking News: The IRS Has Just Updated Their Position Related to Denying or Paying Employee Retention Credit (ERC) Claims
Volume 11 Issue 6, Blog, eNewsletter
The Employee Retention Credit (ERC) was introduced as a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020 to help businesses keep employees on their payroll…
Understanding the Types of IRS Audits: Why Professional Help is Essential
Volume 11 Issue 6, Blog, eNewsletter
Dealing with the IRS can be a daunting experience, especially when you receive an audit notice. Understanding the different types of IRS audits and what each entails can help you…