The Business & Tax Law Resource Center

Legal Concepts Explained in Plain English

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ACC Business Filing Changes: Key July 2025 Updates

ACC Business Filing Changes: Key July 2025 Updates

Is your Arizona business ready for the new filing requirements? The Arizona Corporation Commission (ACC) has adopted four significant policy changes aimed at enhancing fraud prevention and streamlining business filings. These changes will affect both LLCs and...

Complying With Estimated Quarterly Taxes in 2025

Complying With Estimated Quarterly Taxes in 2025

No one enjoys the process of filing and paying taxes. If you're self-employed, operate an LLC, or have a side hustle, you may carry the additional burden of paying estimated quarterly tax payments. The rules, regulations, and filing process can seem overwhelming, but...

CTA Ping Pong – The Current State of FinCEN BOI Filings

CTA Ping Pong – The Current State of FinCEN BOI Filings

The Corporate Transparency Act (CTA) is a federal law requiring businesses to disclose specific ownership information to the US Financial Crimes Enforcement Network (FinCEN). The CTA filing requirements apply to corporations, LLCs, and partnerships, with exceptions...

Complying With Estimated Quarterly Taxes in 2025

Complying With Estimated Quarterly Taxes in 2025

No one enjoys the process of filing and paying taxes. If you're self-employed, operate an LLC, or have a side hustle, you may carry the additional burden of paying estimated quarterly tax payments. The rules, regulations, and filing process can seem overwhelming, but...

Dealing With IRS Revenue Officers

Dealing With IRS Revenue Officers

IRS revenue officers are focused on tax collection. Unlike agents or examiners who handle tax audits, revenue officers are not accountants or CPAs and often lack advanced financial knowledge. A more accurate title would be “IRS collection agent.”Taxpayers often...

Substitute for Return: IRS Collections Explained

Substitute for Return: IRS Collections Explained

A Substitute for Return (SFR) refers to a tax return that the Internal Revenue Service (IRS) files on behalf of a taxpayer who has failed to submit their own return. The IRS uses available information, such as W-2s, 1099s, and other such income reported on documents,...

ACC Business Filing Changes: Key July 2025 Updates

ACC Business Filing Changes: Key July 2025 Updates

Is your Arizona business ready for the new filing requirements? The Arizona Corporation Commission (ACC) has adopted four significant policy changes aimed at enhancing fraud prevention and streamlining business filings. These changes will affect both LLCs and...

CTA Ping Pong – The Current State of FinCEN BOI Filings

CTA Ping Pong – The Current State of FinCEN BOI Filings

The Corporate Transparency Act (CTA) is a federal law requiring businesses to disclose specific ownership information to the US Financial Crimes Enforcement Network (FinCEN). The CTA filing requirements apply to corporations, LLCs, and partnerships, with exceptions...

Stay in Control: Proper LLC Governance

Stay in Control: Proper LLC Governance

Entrepreneurs often prefer an LLC business structure because it offers flexibility in management, protects owners from liability, offers significant tax benefits, and has less paperwork. Part of these benefits make it the better option than corporations requiring...