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American Rescue Plan Act of 2021

The House and Senate have just passed the American Rescue Plan Act (ARP) and shortly the president is expected to sign it into law. This bill includes many provisions that have major tax impacts for 2020 and 2021 tax returns.

Details regarding these provisions can be found in American Institute of Certified Public Accountants' (AICPA) summary of the American Rescue Plan Act.

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FinCEN - Beneficial Ownership Information Reporting

On Monday, January 1, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The Corporate Transparency Act, enac

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