Compliance Archives - Cozby & Company

Questions and Answers about Executive Order 14247: Modernizing Payments To and From America’s Bank Account
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Questions and Answers about Executive Order 14247: Modernizing Payments To and From America’s Bank Account

Compliance, Corporate Taxes, E-file, EFTPS, IRS, Payroll, Personal Taxes, Planning Strategies, Self-Employed, Small Business, Tax Law Changes, Tax Payments, Tax Tips, Taxes

Questions and Answers about Executive Order 14247: Modernizing Payments To and From America’s Bank Account

FS-2026-02, Jan. 2026 This Fact Sheet provides answers to frequently asked questions about the implementation of Executive Order 14247, Modernizing Payments To and From America’s Bank Account. These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific facts [...]

2025 Year-End Checklist for Businesses
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2025 Year-End Checklist for Businesses

Accounting, Bookkeeping, Compliance, Corporate Taxes, Planning Strategies, Self-Employed, Small Business, Tax Tips, Taxes

2025 Year-End Checklist for Businesses

You still have a few hours left to take any important year-end financial or tax planning action for your business. This handy 2025 year-end checklist from Paychex can help! Click here to download.

cozbycpa2025-12-31T14:36:46-05:00December 31st, 2025|Categories: Accounting, Bookkeeping, Compliance, Corporate Taxes, Planning Strategies, Self-Employed, Small Business, Tax Tips, Taxes|Tags: 2025 year-end checklist, Cozby & Company, CPA Heather Cozby, Plymouth MA accountant, year end financial planning, year-end tax planning|

Applying for 501(c)(3) Status
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Applying for 501(c)(3) Status

Charitable Organizations, Compliance, IRS, IRS Video, Planning Strategies, Videos, YouTube

Applying for 501(c)(3) Status

This IRS video course discusses Section 501(c)(3) eligibility, the benefits of exemption, how to apply, and filing requirements while waiting for a determination letter. (Ensure that your organization is eligible for tax exemption before applying.) Learn about: the life cycle of a typical organization exempt under Section 501(c)(3) of the Internal Revenue Code. benefits and responsibilities [...]

cozbycpa2025-12-22T08:18:49-05:00December 22nd, 2025|Categories: Charitable Organizations, Compliance, IRS, IRS Video, Planning Strategies, Videos, YouTube|Tags: basics of Section 501(c)(3) eligibility, benefits and responsibilities associated with Section 501(c)(3) status, Cozby & Company, CPA Heather Cozby, how to apply for 501(c)(3) status, how to determine whether your organization is a private foundation or public charity, life cycle of a typical organization exempt under Section 501(c)(3) of the Internal Revenue Code, Plymouth MA tax accountant, your responsibilities while waiting for the IRS to review your application for Section 501(c)(3) status|

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill
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Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes

Treasury, IRS Provide Transition Relief for 2025 for Businesses Reporting Car Loan Interest under the One, Big, Beautiful Bill

This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill. Notice 2025-57 provides penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in [...]

cozbycpa2025-11-05T10:59:33-05:00November 5th, 2025|Categories: Bookkeeping, Compliance, Corporate Taxes, Debt, Interest, IRS, Personal Taxes, Self-Employed, Small Business, Tax Deductions, Tax Law Changes, Tax Relief, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, how are businesses required to report car loan interest under the One Big Beautiful Bill, no tax on car loan interest, One Big Beautiful Bill provisions, Plymouth MA tax accountant|

A Change in Marital Status Affects Tax Filing
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A Change in Marital Status Affects Tax Filing

Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes

A Change in Marital Status Affects Tax Filing

This article was published by the IRS. A change in a couple’s marital status, such as a separation or divorce, affects their tax situation. The IRS considers a couple married, for tax filing purposes, until they get a final decree of divorce or separate maintenance. Update tax withholding When a taxpayer divorces or separates, a new [...]

cozbycpa2025-10-22T10:44:11-04:00October 22nd, 2025|Categories: Compliance, IRS, Personal Finance, Personal Taxes, Tax Tips, Taxes|Tags: are child support payments deductible by the payer, are child support payments taxable to the payee, are property transfers related to divorce reported on a gift tax return, Cozby & Company, CPA Heather Cozby, do payments apply to alimony or child support first, how to report property transfers due to a divorce, IRS Tax Withholding Estimator, Plymouth MA tax accountant, rules related to dependent children and support after divorce or separation, tax treatment of alimony and separate maintenance|