NLATI News

FinCEN Reporting: What You Need to Know

FinCEN Reporting: What You Need to Know

If you own a business, you may have received emails about new requirements for reporting to the Financial Crimes Enforcement Network (FinCEN). Congress passed the Corporate Transparency Act (CTA) in 2021 as part of the National Defense Authorization Act. The law aims...

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Recordkeeping for Tax Purposes

Which records should you keep? You should keep information that you and the IRS need to determine your correct tax. Everyone should keep the following records. Copies of your tax returns. Keep copies of your tax returns as part of your tax records. Your tax returns...

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