Ed Zollars - FinCEN Issues Guide for Small Business CTA BOI Reporting

Stay up to date on federal tax developments with this weekly tax webinar by Ed Zollars, CPA-AZ

• FinCEN provides guide to small businesses for beneficial ownership reporting under the Corporate Transparency Act
• Taxpayer cannot rely on the mailbox rule to prove timely mailing/filing of tax return, as §7502 is the sole way of proving timely postmark and get presumption of delivery
• Impact of receipt of a CP2100/2100A notice on backup withholding

Federal Tax Developments 09/25/23