The U.S. Court of Appeals reversed the stay of injunction against the CTA granted on December 23, 2024, effectively reinstating the injunction against the enforcement of the CTA. The companies are once again not required to file the beneficial ownership information with FinCEN.

Proposed treasury regulations on foreign trusts and large foreign gifts were released in May 2024, indicating major development in expanding data collection on foreign trusts and receipt of large foreign gifts through Form 3520 and Form 3520A. Certain changes are beneficial to taxpayers, while others might increase compliance burden.

Taxation laws and regulations are constantly changing. Tax attorneys help you navigate these changes to increase cash flow and preserve wealth.

Form 1099-DA is a new form for reporting on cryptocurrency and other digital asset transactions. We discuss what you need to know about this new form.

Taxation of staking rewards for cryptocurrency remains an unanswered legal question. Should you treat staking rewards as income?