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Your privacy is a primary concern to us at Ralph Maya & Company, CPAs. Our goal in expanding and clarifying our policy on the collection and use of client data is to ensure the highest level of confidentiality and security. This policy is a company-wide policy, not limited to our website. When you provide your personal information to Ralph Maya & Company, CPAs (such as your name, address, phone number, company name, or Federal Identification Number), we will not give or sell your individual information to any outside company for its use in marketing or solicitation without your consent. We will maintain the confidentiality of your personal information and it will be used only to support your client relationship with Ralph Maya & Company, CPAs. Additionally, internal practices help protect your privacy by limiting employee access to and use of customer data. When we ask for client information, we achieve our goal of improving the relationship with our clients. At Ralph Maya & Company, CPAs, we are helping you maintain control over your personal data while fostering the growth of a more interactive online environment. Our intention is to send e-mails only to clients or to individuals you, as clients, have chosen to receive such emails. At any time, you have the right to "opt out" of receiving future Ralph Maya & Company, CPAs' communications.

The Financial Crimes Enforcement Network (FinCEN) has removed the requirement that U.S. companies and U.S. persons must report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.


Melanie Krause, the IRS’s Chief Operating Officer, has been named acting IRS Commissioner following the retirement of Doug O’Donnell. Treasury Secretary Scott Bessent acknowledged O’Donnell’s 38 years of service, commending his leadership and dedication to taxpayers.


A grant disbursement to a corporation to be used for rent payments following the September 11, 2001 terrorist attacks on the World Trade Center was not excluded from the corporation's gross income. Grants were made to affected businesses with funding provided by the U.S. Department of Housing and Urban Development. The corporation's grant agreement required the corporation to employ a certain number of people in New York City, with a portion of those people employed in lower Manhattan for a period of time. Pursuant to this agreement, the corporation requested a disbursement as reimbursement for rent expenses.


The parent corporation of two tiers of controlled foreign corporations (CFCs) with a domestic partnership interposed between the two tiers was not entitled to deemed paid foreign tax credits under Code Sec. 902 or Code Sec. 960 for taxes paid or accrued by the lower-tier CFCs owned by the domestic partnership. Code Sec. 902 did not apply because there was no dividend distribution. Code Sec. 960 did not apply because the Code Sec. 951(a) inclusions with respect to the lower-tier CFCs were not taken into account by the domestic corporation.


An appeals court affirmed that payments made by an individual taxpayer to his ex-wife did not meet the statutory criteria for deductible alimony. The taxpayer claimed said payments were deductible alimony on his federal tax returns.


No, taxpayers may destroy the original hardcopy of books and records and the original computerized records detailing the expenses of a business if they use an electronic storage system.