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BOI deadline in 30 days – Attend free seminar and file – Avoid $591 fine per day

Even the IRS is reminding us of the requirement to file the BOI (Beneficial Ownership Information), in their IR-2024-288 released around mid November 2024, the IRS shared information on this requirement and a free one hour seminar held by FinCen (Financial Crimes Enforcement Network) representatives. Why do we consider that even the IRS is urging

By |2024-11-30T20:41:08+00:00December 1st, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , |

HSA savings provide a triple tax benefit

If you are covered by an Health Savings Account HSA eligible plan, then, you can make pre-tax contributions to a medical savings account for future health related expenses. The growth of these funds are tax free and if used for its medical purpose, the withdrawal is not taxable. However, if not used for the right

By |2024-07-11T17:47:28+00:00August 12th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , |

Federal Trade Commission – deceptive free claims from TurboTax

Yesterday, the Federal Trade Commission FTC released the initial ruling where TurboTax (Intuit) was deceiving customers with the use of "free" tax preparation that required the payment for those services. Also, this initial ruling could be applied to other "free" promotions that are truly not so. As mentioned in CNBC's article, Intuit already had an

By |2023-09-10T00:14:42+00:00September 10th, 2023|Categories: Business, Individuals|Tags: , , , , , , , , , |

Hispanic Entrepreneurship Training Program (HETP) from the Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ) #TBT

The Hispanic Entrepreneurship Training Program (HETP) from the Statewide Hispanic Chamber of Commerce of New Jersey (SHCCNJ) has a simple mission, to provide culturally and linguistically appropriate business education and mentorship services for free to Hispanic small business owners. ​Their classes are instructed by bilingual subject-matter experts with real world experience and successful track records in

By |2021-01-05T11:45:06+00:00April 10th, 2020|Categories: Financial Education|Tags: , , , , |
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