Immediately following the publication of our Spring newsletter, a final ruling and update from FinCEN officially eliminated BOI reporting requirements for U.S. Companies and U.S. individuals. Unless Congress steps in, only foreign companies will have to supply BOI to FinCEN, and no further action is required at this time for U.S. business owners.
Introducing Form PAS-1, a new unified property tax relief application form for New Jersey residents. Seniors aged 65+ can now apply for Senior Freeze, Stay NJ, and their ANCHOR rebate on a single online or paper application. The deadline to file is October 31, 2025. Be prepared to setup a login using ID.me if you file online. Younger homeowners and renters eligible for the ANCHOR program will receive application information later in the year.
A March 2025 Executive Order requires the IRS and federal agencies to cease issuing and accepting paper checks as of September 30, Exceptions and accommodations are noted, but the majority of taxpayers should prepare for direct deposit and digital payments when transacting with the IRS. More information is expected.
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