Taxico Financial Services

08/06/2025

Retirement Announcement Letter to Long-Term Clients

A Personal Note of Gratitude and Farewell

Dear Valued Clients,

It is with a heavy heart that I am writing to you today to share some personal news. After much thoughtful consideration, I have decided to retire, effective October 31, 2025, due to ongoing health concerns that require my full attention and care.

Over the years, it has been an immense privilege and pleasure to serve you. Our professional relationship has meant a great deal to me, and I deeply appreciate your trust, loyalty, and partnership. The journey we have shared has not only shaped my career but also enriched my life in immeasurable ways.

Please know that this decision was not made lightly, and it comes with a profound sense of gratitude for each of you. Though I must step away for health reasons, my dedication to ensuring a smooth transition remains unwavering to ensure that you continue to receive the level of service and care you have come to expect. I am notifying you in ample time to secure a new accountant and file timely as valid extensions have been accepted by the IRS. All your prior year returns and documents remain available through our secure portal.

Thank you for your understanding, your goodwill, and the many years of collaboration. I will always cherish the memories and successes we have achieved together. I wish you all continued prosperity, health, and happiness in the years ahead.

With sincere appreciation,
Robert Ganz
[email protected]

08/06/2025

Our office will be closed August 21st - Sept 2 2024.

03/27/2025

The Internal Revenue Service is drawing up plans to slash its 90,000-person workforce in half, ac-cording to a report.
The tax-collecting agency aims to achieve the massive reduction in its workforce through layoffs, attrition and buyout offers, sources told the Associated Press on Tuesday.
The Trump administration also plans to reallocate some IRS employees to the Department of Homeland Security, where they will assist with immigration enforcement – a request DHS Secre-tary Kristi Noem made to Treasury Secretary Scott Bessent last month.
The layoffs are part of DOGE-led efforts by the Trump administration to quickly shrink the size of government by shuttering federal agencies, firing probationary workers with less than one year on the job and incentivizing federal employees to leave their posts through a “deferred resignation program.”
The IRS already laid off about 7,000 probationary employees in February.
A White House memo directed all federal agencies late last month to develop plans by March 13 to reduce staffing.
It is unclear if the White House would approve the IRS’ plan to cut half its workforce, and over what period of time the massive cuts would be implemented.
DOGE chief Elon Musk has embedded two staffers at the IRS headquarters in Washington in re-cent weeks who have pushed to access agency databases, including one that contains infor-mation about IRS contractors, according to the New York Times.
Commerce Secretary Howard Lutnick revealed last month that one of President Trump’s objec-tives over the next four years is to have US revenues from tariffs become so great that the IRS would no longer be needed.
“His goal is to abolish the Internal Revenue Service and let all the outsiders pay,” Lutnick said dur-ing an appearance on Fox News Channel’s “Jesse Watters Primetime.”
The agency has already laid off roughly 7,000 workers during Trump’s second term. Getty Images
Trump, 78, announced ahead of his inauguration that he plans to create an external revenue office tasked with collecting all foreign-sourced revenue, such as income from tariffs.
“For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS),” the president wrote in a Jan. 14 Truth Social post. “Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves.”
On the campaign trail, Trump repeatedly boasted that his tariff plan would bring the American economy back to a “golden age,” noting that before 1913 — when the 16th Amendment gave Congress the power to levy federal income tax — the government was primarily funded from tar-iffs.

03/21/2025

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03/05/2025

BOI Report update:

BOI Reporting requirements no longer enforced

The U.S. Treasury announced on March 2, 2025 that it will not enforce penalties or fines associated with the beneficial ownership information (BOI) reporting rule of the Corporate Transparency Act for U.S citizens and domestic companies. It further stated that this enforcement policy will not change when forthcoming rule changes take effect.

Previously, on February 18, a U.S. district court ruled that BOI reporting requirements were once again back in effect with a March 21, 2025 deadline.

With the recent Treasury announcement, this deadline is no longer in effect, and BOI reporting requirements are once again paused indefinitely.

12/27/2024

Fifth Circuit Reverses CTA Decision and Reinstates Nationwide Stay

Dear Valued Clients,

We are writing to inform you about yet another court decision regarding the on-going legal challenges to the Corporate Transparency Act (“CTA”) and its Beneficial Ownership Information Report (“BOIR”) filing obligations.

On December 23, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit reversed a Texas district court order from the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al. that had initially granted a preliminary injunction of the enforcement of the CTA. The Circuit Court’s order temporarily lifted the hold on the enforcement of the CTA and reinstated the BOIR requirements.

The Financial Crimes Enforcement Network (“FinCEN”) released a statement within hours of the release of the Fifth Circuit's decision, extending the applicable filing deadlines. For reporting companies formed prior to 2024 or entities formed after September 4, 2024, with original filing deadlines between December 3, 2024, and December 23, 2024, the new filing deadline is January 13, 2025.

However, on December 26, 2024, the full Fifth Circuit Court reversed the three-judge panel, reinstated the stay, and again halted the enforcement of the CTA nationwide, while the merits of the case are under expedited appellate review. As a result, reporting companies are once more relieved of their BOIR obligations and FinCEN’s new deadlines are no longer enforceable for the moment.

We understand that this ping pong game of judicial decisions is confusing and certainly causes uncertainty. We are closely monitoring the situation and will continue to keep you informed of any new developments or guidance from FinCEN or the courts through the ever-changing landscape of CTA enforcement.

04/05/2024

01/04/2024

We are gearing up for the 2023 tax season with our continuing effort to provide excellent service for our clients. We are making some changes such as a new sign-in kiosk at the front area. This is assist in flow, our vlog posts on our website to pass information, ability to request appointments online via our website, and the encrypted messages & document exchange via our portal for protection of your confidential information.

We know that dealing with filing your taxes is stressful and we are here to help.

01/04/2024

Scan for web site access.

12/14/2023

“tis the season for Cyber Thieves.

The IRS and or the State of Georgia will not send you an email asking for your banking information to deposit a Tax Refund. They will not ask you to wire funds to pay back taxes.
The IRS and or the State of Georgia will not call you asking for your banking information to deposit a Tax Refund. They will not ask you to wire funds to pay back taxes.
My office will not pay taxes on your behalf—any payments you make must be paid by you directly to the IRS or State of Georgia. My office will never ask you to wire funds to our bank to pay taxes on your behalf.
Closely examine email addresses of anyone asking you to wire money from your bank to their bank.
If you are not certain, call my office.