Navigating the world of IRS communications can be confusing and sometimes even alarming, especially when personal valuable information is at risk. To ensure that you stay protected against identity theft, follow these guidelines here!

Beginning January 1, 2024, businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is still optional. To file electronically Form 8300, a business must set up an account with the Financial Crimes Enforcement Network's BSA E-Filing System. The IRS will ensure the privacy and security of all taxpayer data.

Estate planning is often perceived as a concern exclusively for the wealthy, but in reality, it's a crucial endeavor for individuals and families from all walks of life.

Regardless of your financial status, there are essential considerations to ensure your assets are managed and distributed according to your wishes.

New York employers have another reason to ensure that all employees are properly paid – the risk of criminal prosecution.

According to the New York Penal Law, "a person steals property and commits larceny when, with intent to deprive another of property or to appropriate the same to himself or to a third person, he wrongfully takes, obtains or withholds such property from an owner thereof." N.Y. Penal Law § 155.05(1)

What is a Revocable Trust? A trust is a legal arrangement that allows one person (a trustee) to hold and manage property for the benefit of one or more beneficiaries. What are the Advantages of a Revocable Trust? Is a "Lifetime" or Revocable Trust for You?

This checklist provides a comprehensive overview of key considerations for assessing readiness for cyber insurance. It covers five critical areas: 1. Identifying your risk, 2. Protecting your assets, 3. Detecting risk and breaches, 4. Responding to cyber attacks, 5. Recovery after an attack.

Starting from January 1, 2024, businesses are mandated by the Internal Revenue Service (IRS) to electronically file Form 8300, Report of Cash Payments Over $10,000, instead of submitting paper returns.

The process of probate involves formalizing the will, naming a personal representative (executor) to handle the estate, and distribute assets to the intended beneficiaries. It also requires paying the decedent's outstanding debts and federal and state taxes.

In general, the timeline of the probate procedure moves quickly if the estate has minimal assets and little debt.

In a landscape where digital presence is more significant than ever, the issue of website accessibility for individuals with disabilities remains a pressing concern. Despite the urgent need for comprehensive regulations, progress in this area has been slow, leading to a surge in lawsuits filed under the Americans with Disabilities Act (ADA) against website operators.

The USCIS has introduced a new version of Form I-9 for Employment Eligibility Verification, effective from August 1, 2023. Employers must switch to the new form by October 31, 2023, to avoid penalties. Stay informed to ensure smooth employment verification processes.

New York is close to implementing a ban on non-compete agreements, preventing employers from limiting an individual's employment opportunities post their original job. However, certain exceptions apply, such as contracts with a fixed term of service, prohibitions on revealing trade secrets, or poaching of clients. The law won't impact agreements already in place and applies to independent contractors. Legal repercussions await employers breaking the law, including private lawsuits and potential fines. Contracts with unenforceable non-compete clauses won't be entirely void. Employers are advised to adjust their agreements accordingly before the law comes into effect.

New York's amended WARN Act is now in effect with changes that impact remote workers' classification, notice content, and business sale notifications. The faltering business exception now applies only to plant closings, not mass layoffs. Additional examples of unforeseeable circumstances, like pandemics, are included. Employers with 50+ full-time employees in New York must give 90-day advance notice for "mass-layoff" or "plant closing."