Newsletters
Tax Alerts
Tax Briefing(s)
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.

Department of the Treasury Secretary Janet Yellen offered members of the House Ways and Means Committee limited insight as to how the Biden Administration will handle the provisions of the Tax Cuts and Jobs Act that are expiring in 2025.


The IRS has released guidance listing the specific changes in accounting method to which the automatic change procedures set forth in Rev. Proc. 2015-13, I.R.B. 2015-5, 419, apply. The latest guidance updates and supersedes the current list of automatic changes found in Rev. Proc. 2023-24, I.R.B. 2023-28, 1207.


The IRS intends to amend the base erosion and anti-abuse tax (BEAT) regulations under Code Secs. 59A and 6038A to defer the applicability date of the reporting of qualified derivative payments (QDPs) until tax years beginning on or after January 1, 2027. Until these reporting rules apply, the current transition period rules for QDP reporting will continue to apply.


In an effort to increase awareness of and participation in the alternative dispute resolution process, the Internal Revenue Service Independent Office of Appeals has formed an Alternative Dispute Resolution Program Management Office.


The IRS has released proposed regulations that provide guidance regarding information reporting of transactions with foreign trusts and receipt of large foreign gifts and regarding loans from, and uses of property of, foreign trusts. Further, the IRS has issued proposed amendments to the regulations relating to foreign trusts having one or more U.S. beneficiaries. The proposed regulations affect U.S. persons who engage in transactions with, or are treated as the owners of, foreign trusts, and U.S. persons who receive large gifts or bequests from foreign persons.


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.