The U.S. Treasury Department and the Internal Revenue Service (IRS) recently released Revenue Ruling 2025-4, offering critical guidance to states operating Paid Family and Medical Leave (PFML) programs. This ruling addresses the tax treatment of contributions and benefits under these programs, ensuring compliance with federal tax laws while promoting clarity for…
The Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA)
The Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA) are a critical regulatory measure in the U.S. aimed at improving transparency and combating illicit financial activities such as money laundering, terrorism financing, and corruption. Below is a comprehensive breakdown of the requirements, deadlines, recent updates, and what…
How Important Is Identity Verification in Providing Remote Services?
In today’s digital age, remote services have become the norm. Freelancers, businesses, and professionals collaborate across the globe without the need to meet face-to-face. Platforms like TheFinlancer.com, which specialize in connecting tax and accounting freelancers with clients, make this seamless collaboration possible. However, with the rise of online marketplaces, ensuring trust…
Success Tips for Tax & Accounting Freelancers: How TheFinlancer.com Can Help You Thrive
The freelancing world offers unparalleled opportunities for professionals in various fields, and the tax and accounting niche is no exception. As businesses and individuals seek expert assistance with their financial needs, freelancers specializing in these services are in high demand. However, success in this competitive market requires strategic planning, commitment, and…
Form W-9 and W-8BEN detailing the purpose, use cases, submission requirements, consequences of non-compliance
The article has been created, detailing the purpose, use cases, submission requirements, consequences of non-compliance, and TheFinlancer.com’s collection process for Forms W-9 and W-8BEN. What is Form W-9 and Form W-8BEN? Form W-9 and Form W-8BEN are tax forms issued by the Internal Revenue Service (IRS) in the United States. They…