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…
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…