Recently, businesses have been receiving communications from a company called “Compliance Services” offering to complete corporate minutes on behalf of the corporation for a fee.
Please be aware that Massachusetts corporations are not required to file corporate minutes with the Secretary of State or any other agency. The Massachusetts Secretary of State’s office issued a detailed statement on this issue.
You can access it at http://www.sec.state.ma.us/cor/cormccalert.htm
If you have any questions, please contact our Tax Department
The IRS estimates that there are more than1 million taxpayers who should be reporting their foreign assets, but are not. The IRS has two types of foreign asset reporting requirements: Foreign Bank Account Reporting (FBAR) and the Foreign Account Tax Compliance Act (FATCA). Each has its own reporting requirements. Continue reading
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