2025 Spring University of Arizona (U of A) Meet the Firms
Wallace Plese + Dreher attended the University of Arizona (U of A), Meet the Firms, on February 18, 2025. Alec Marceles, Kevin Decker, and Alec Alban attended the event.
Author: Barbara Dillon
BOI Reporting Obligations Reinstated
The beneficial ownership information (BOI) reporting requirement for small businesses is back in effect because of a court ruling in the Eastern District of Texas. Companies have been granted extra time to file – 30 days.
IRS Reminders for 2024 Tax Returns
As the 2025 tax filing season continues, the IRS encourages taxpayers to make essential preparations and be aware of significant changes that may affect their 2024 tax returns.
Nonprofit and Tax-Exempt Entities
State laws govern nonprofit statuses, while federal laws govern tax-exempt statuses. If you want to apply for exemption from taxes, you will need to figure out whether your organization is categorized as a trust, corporation, or an association.
Your Home Sale and Capital Gains
Did you sell your primary residence? Did you live in your home more than a year? What are capital gains? Are there tax exclusions?
How To Save on Rising Insurance Costs
Increasing natural disasters across the country has caused the cost of homeowners insurance to rise, particularly in areas prone to floods, hurricanes, and wildfires. Here are some tips on what you can do to save on homeowners insurance.
2025 GCU Spring Meet the Firms
Wallace Plese + Dreher attended Grand Canyon University (GCU), Colangelo College of Business, Mini Meet the Firms, on February 4, 2025. Alec Marceles, Emily Mead, and Nathan Nicholes attended the event.
Preparing for Your 2024 Tax Filing
The IRS continually reminds taxpayers to prepare for tax season. You should be aware of tax deadline dates. Also, if you have digital assets, you must report all digital asset-related income when you file.
Arizona Tax Filing Requirements
The Arizona Department of Revenue (ADOR) provides individual income tax filing tips for 2024 tax returns and important due dates.
2024 Final Quarterly Estimated Tax Payment
The IRS encourages taxpayers who paid too little tax in 2024 to make a fourth quarter estimated payment on or before January 15, 2025.
On Hold – BOI Filing Date January 13, 2025
The BOI reporting deadline of January 13, 2025 is currently on hold, pending a decision by the merits panel, which is expected in early 2025.
BOI Rules Are Back In Effect
On December 23, 2024, the Fifth Circuit Court of Appeals lifted the December 3, 2024 injunction, which halted BOI filing requirements. FinCEN is now allowed to enforce BOI reporting and the new filing date is January 13, 2025.