Tax Pro Plus
2999 Overland Ave.
Suite 204
Los Angeles, CA 90064
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Ph: (310) 827-4829
Fax: (310) 842-7160
info@taxproplus-la.com
Alert: New FinCEN Geographic Targeting Order
A Geographic Targeting Order (GTO) is an order issued by the Financial Crimes Enforcement Network (FinCEN) under the Bank Secrecy Act (BSA) that imposes additional recordkeeping or reporting requirements on domestic financial institutions or other businesses in a specific geographic area for a period not exceeding 180 days. However, the GTO may be renewed as necessary.
- Video Tips: Watch This Before Trashing Old Tax Records
- Have you ever wondered when it's safe to discard your tax records? While most can go after the three-year statute of limitations, some documents need to stick around longer. Watch this video for more details.
- Maximizing Business Deductions: An Introduction to Depreciation, Amortization, and Expensing
- In the intricate world of business accounting and taxation, the ability to strategically deduct expenses can significantly impact a company's financial health and tax liabilities.
- From Galleries to Courtrooms: The $6.4M Art Fraud That Rocked Hollywood
- What Lisa Schiff’s $6.4M art fraud reveals about financial trust, tax write-offs, and why working with real professionals matters more than ever.
- Foreign Reporting Requirements: Navigating Draconian Penalties and Compliance Challenges
- In today’s globalized financial landscape, U.S. taxpayers are increasingly engaged with foreign financial institutions—whether through direct ownership, joint accounts with relatives, or even through the income from a rental property in a foreign country deposited in foreign banks.
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