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Child Tax Credit: New update address feature available with IRS online portal; make other changes by August 30 for September payment
News A&A 8/23/21 News A&A 8/23/21

Child Tax Credit: New update address feature available with IRS online portal; make other changes by August 30 for September payment

The IRS has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their mailing address using the Child Tax Credit Update Portal, found exclusively on IRS.gov.

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IRS updates FAQs on paid sick leave credit and family leave credit
News, IRS A&A 2/6/21 News, IRS A&A 2/6/21

IRS updates FAQs on paid sick leave credit and family leave credit

The Internal Revenue Service posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA).

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Treasury issues millions of second Economic Impact Payments by debit card
News A&A 1/11/21 News A&A 1/11/21

Treasury issues millions of second Economic Impact Payments by debit card

Starting last week week (Jan 7th), the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.

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IRS adds phone operators to answer Economic Impact Payment questions
News A&A 5/21/20 News A&A 5/21/20

IRS adds phone operators to answer Economic Impact Payment questions

You can get answers regarding the Economic Impact Payments in the IRS webpage or with the Get My Payment tool. However, more phone operators have been added to answer common questions regarding these stimulus.

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Largo, FL 33771
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FLORIDA DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION
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Completion of the BEA SURVEY (Bureau Of Economic Analysis) & BOI (Beneficial Ownership Information)

BEA's surveys of foreign direct investment (FDI) in the United States collect information that is used to compile statistics on the scale of foreign-owned business activities in the United States and the effects these activities have on the U.S. economy. Business leaders look to these statistics to make informed decisions about hiring and investing. Policymakers and researchers use them to analyze the impacts of foreign direct investment on employment, wages, productivity and tax revenues. All surveys of foreign direct investment in the United States are mandatory and confidential.

Beneficial ownership information (BOI) refers to identifying information about the individuals who directly or indirectly own or control a company. In 2021, US Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures. Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024.