Freeman Income Tax Service

04/17/2025

🎉 Summer Hours Announcement ☀️

Effective Immediately:

Monday – Thursday
🕘 9:00 AM – 3:00 PM

Closed on Fridays

Enjoy your summer! 🌻

02/21/2025

Tax Season is Here!

The doors at Anthem Tax & Wealth are open, and we’re thrilled to welcome so many familiar faces back for another tax season! It’s more than just numbers and returns—it’s about reconnecting with our clients, who have become like family over the years.

We’re grateful for your trust and look forward to helping you navigate another successful tax season. If you haven’t scheduled your appointment yet, now’s the time! Let’s make this your smoothest filing season yet.

📅 Book your appointment today!
📍 623-518-2157

01/06/2025

12/17/2024

We are thrilled to announce that…
Freeman Income Tax Service and FITS Wealth Management are now
Anthem Tax & Wealth!

This name change reflects our continued commitment to serving you with excellence while expanding our services to include comprehensive wealth management solutions. Rest assured, you will receive the same dedicated support and expertise you’ve come to trust over the years.

Our new name, Anthem Tax & Wealth, embodies our mission to guide you toward financial confidence and success. Thank you for your trust and partnership as we step into this exciting new chapter together.

For any questions, feel free to reach out to our team at 623.518.2157.

Here’s to a prosperous future!
Rebecca Wyatt, EA

10/25/2024

Anthem Trunk and Treat 2024! Come see us at Palmcroft Church parking lot from 5pm-8pm tonight 10/25/24!!

01/13/2024

I want to thank ProShred, North Valley Junk Removel and the volunteers of Youth For Trops for making this 12 annual event successful. Seeming our friends and clients is a happy time.

01/04/2024

New this year is the Beneficial Ownership Information reporting with the U.S. Treasury. Penalties can be $500 a day. We can help. Call 623-518-2157 and make your appointment today.

11/01/2023

There is something new coming down the road and it comes from U.S. Treasury. More exactly it comes from the Financial Crimes Enforcement Network also called FinCen. What is this new reporting? Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company.
The Reporting Rule requires certain entities to file beneficial ownership information (BOI) reports to FinCEN. Reports contain information about the entity itself and two categories of individuals:
1. Beneficial owners
2. Company applicants
These terms will be described in detail later, but in general, a beneficial owner is an individual who owns or controls at least 25 percent of a company or has substantial control over the company, and a company applicant is an individual who directly files or is primarily responsible for the filing of the document that creates or registers the company.
When do I need to file a report?
• Reports will be accepted starting on January 1, 2024.
• Reporting companies created or registered to do business before January 1, 2024, will have additional time — until January 1, 2025 — to file their initial BOI reports.
• Reporting companies created or registered on or after January 1, 2024, will have 30 days after receiving notice of their company’s creation or registration to file their initial BOI reports.
Is my Company a “reporting company”?
You may be a domestic reporting company if you meet one of the following:
• Is the company a corporation?
• Is the company a limited liability company (LLC), this includes rental LLC's.
• Was the company created by filing of a document with a secretary of state or any similar office under the law of a State or Indian tribe.
Is my company exempt from reporting requirement?
The reporting rules exempt some 23 specific types of entities from the reporting requirements. Most of these already have other reporting requirements to FenCen.
What happens if my company does not report BOI in the required timeframe?
The willful failure to report complete or updated beneficial ownership information (BOI) to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in a civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure.
These are very steep penalties.
We at Freeman Income Tax Service can assist you in filing this new report. During your tax interview we will discuss BOI reporting and offer to file this for your business. Review above “When do I need to report”? these dates are hard deadlines and failure to report can cause some very high penalties.

More information will be coming out as we near the January 1st start date. Keep watching for more information.