The IRS knows many taxpayers will want to file their 2025 income tax returns as soon as possible to get any expected refunds. Other may delay a while for a variety of reasons. Either way, there are actions taxpayers can take in 2025 to be best prepared. Getting...
Experience. Dedication. Results.
Photo of Professionals at Law Office of Williams & Associates, P.C.
Month: November 2025
FinCEN Proposes to Sever Access to the U.S. Financial System if Foreign Banks do Business With 10 Gambling Establishments Tied to Laundering Money From Narcotics Trafficking With the Sinaloa Cartel
This week the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed to sever the access to the U.S. financial system by 10 gambling establishments in Mexico, by prohibiting financial institutions from opening or maintaining a...
Anticipating Confusion, the IRS Provides Penalty Relief for 2025 Errors on Tips and Overtime
Employers calculating overtime and tip income can breathe a sigh of relief if they make errors on their 2025 new information reporting requirements related to cash tips and qualified overtime compensation, or on providing the correct information on payee statements....
