CPA Practice

MARCH 21, 2024

By Dave Eisenstadter, masslive.com (TNS) A 17-year veteran of the IRS was arrested on Wednesday and charged with filing false personal tax returns for three years and underreporting about $90,000 worth of income, according to Acting U.S. ©2024 Advance Local Media LLC. ©2024 Advance Local Media LLC.

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tax return Massachusetts Tax income tax 98

CPA Practice

FEBRUARY 1, 2024

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). When will I get my tax refund? ” That’s without an expensive “tax refund loan” or other similar product.

Tax 111

Tax tax return income tax Massachusetts 111

CPA Practice

NOVEMBER 9, 2023

By Karin Price Mueller, nj.com (TNS) The IRS on Thursday released updated tax brackets and standard deductions for 2024. While the actual percentages of the tax brackets will remain the same until 2025 because of the Tax Cuts and Jobs Act of 2017, the income levels of each bracket change annually to adjust to inflation.

Tax 130

Tax tax return income tax 130

CPA Practice

MARCH 29, 2024

7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the Aug. The previous federal tax relief, announced shortly after the fires, mainly lasted through Feb. 15 , which did not cover federal income tax filings for tax year 2023. 8, 2023, wildfires in Hawaii.

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Hawaii income tax Tax tax return 59

CPA Practice

NOVEMBER 22, 2023

December is here, which means the 2024 tax filing season is coming soon. The IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline being April 15 (which can vary based on weekends or state holidays).

Tax 98

Tax income tax tax return Massachusetts 98

CPA Practice

DECEMBER 26, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. Updated: Dec. 26, 2023 , 9:31 pm ET.

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tax return Tax income tax Massachusetts 105

CPA Practice

OCTOBER 17, 2023

Thirteen states have agreed to participate in a trial run of the IRS’s free online return filing system, called Direct File, during the 2024 tax season, the agency said on Tuesday. A free, government-run, online tax-filing system for taxpayers has been talked about as a possibility for many years.

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CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). That’s without an expensive “tax refund loan” or other similar product.

Tax 98

Tax tax return income tax Massachusetts 98

CPA Practice

DECEMBER 15, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. Paper check refunds can take a little longer.

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tax return Tax income tax Massachusetts 97

Accounting Today

APRIL 30, 2024

The number of individual income tax returns received rose by 16.34% in the final week of tax season.

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Tax income tax tax return 143

CPA Practice

APRIL 15, 2024

It’s Tax Day, so there’s no better time for the IRS to pat itself on the back for a job well done as filing season for most Americans comes to a close. Danny Werfel “Taxpayers continued to see major improvements from the IRS during the 2024 tax season,” he said. “A From the start of tax season on Jan.

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Tax tax return Maine Massachusetts 119

CPA Practice

NOVEMBER 20, 2023

It’s almost December, which means the 2024 tax filing season is coming soon. The IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline to file returns being April 15 (which can vary based on weekends or state holidays).

Tax 52

Tax income tax tax return Massachusetts 52

CPA Practice

OCTOBER 22, 2024

While the actual percentages of the tax brackets will remain the same until next year because of the Tax Cuts and Jobs Act of 2017, the income levels of each bracket change annually to adjust to inflation. These tax rates are for the 2025 tax year covering tax returns that will be filed in 2026.

Tax 124

Tax tax return Transportation income tax 124

RogerRossmeisl

FEBRUARY 18, 2024

The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. (1) 1) What are this year’s deadlines?

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Tax Massachusetts income tax tax return 154

CPA Practice

DECEMBER 19, 2023

The IRS urges taxpayers who are unable to pay their full balance due to visit IRS.gov/payments to make arrangements to resolve their tax debts. The IRS is also waiving the failure-to-pay penalties for eligible taxpayers affected by this situation for tax years 2020 and 2021. The IRS estimates 5 million tax returns—filed by 4.7

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tax return Tax income tax Start-ups 135

CPA Practice

OCTOBER 14, 2024

The IRS is granting certain tax-exempt organizations that are making an elective payment election a six-month automatic extension of time to file an original or superseding Form 990-T, Exempt Organization Business Income Tax Return , with relevant schedules and forms, the agency said on Oct. 30, 2024.

Tax 123

Tax income tax tax return 123

Withum

AUGUST 14, 2024

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

South Carolina 126

South Carolina North Carolina Georgia Tax 126

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Also, the act addresses the use of optical character recognition (OCR) software.

Tax 110

Tax tax return Technology income tax 110

CPA Practice

JULY 8, 2024

(TNS) The IRS announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, 2024. 1, 2024, to file various federal individual and business tax returns and make payments. at www.thetimestribune.com.

Kentucky 105

Kentucky Tax tax return income tax 105

CPA Practice

SEPTEMBER 12, 2024

He was previously affiliated with LPL Financial where he had approximately $60 million in client assets under administration as of April 2024*. Hight steps into his new role on November 1, 2024, following his tenure as member-in-charge of the KraftCPAs assurance services department and nearly 20 years of distinguished service.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

CPA Practice

OCTOBER 23, 2024

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). IP PIN users should share their number only with the IRS and their tax preparation provider.

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tax return Tax online accounting tax preparation 105

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 22, 2024, in Alabama; Sept. 31, 2024, and Jan. 23 in Florida; Sept.

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South Carolina North Carolina Tax Alabama 130

CPA Practice

OCTOBER 11, 2024

Because of hurricanes Debby, Helene, and, most recently, Milton, all taxpayers in Florida now have until May 2025 to file individual and business tax returns and make tax payments, the IRS announced on Friday. 10—individuals and businesses in 51 counties will receive disaster tax relief. 1, 2024, through May 1, 2025.

Florida 137

Florida Tax tax return payroll 137

CPA Practice

JANUARY 29, 2024

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season.

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tax return Tax income tax tax preparation 116

CPA Practice

OCTOBER 23, 2024

In addition, any tax-exempt organization that is liable for the alternative minimum tax must pay the tax and report the amount on Part II, Line 5 of Form 990-T, Exempt Organization Business Income Tax Return. In Notice 2023-7 and in the proposed regulations published on Sept.

Tax 111

Tax income tax tax return financial statements 111

CPA Practice

FEBRUARY 2, 2024

The disaster declaration also means that Rhode Island businesses and residents impacted by the storm have until June 17, 2024, to meet various tax filing and payment deadlines originally due between Sept 10, 2023, and June 17, 2024. 2023 quarterly estimated income tax payments normally due on Jan.

Rhode Island 113

Rhode Island Tax income tax tax return 113

Dent Moses

DECEMBER 13, 2023

The Internal Revenue Service (IRS) released final regulations on February 21, 2023, requiring organizations to electronically file specified returns and other documents. Organizations filing 10 or more IRS returns of any kind in aggregate will need to file almost all required returns electronically.

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CPA Practice

SEPTEMBER 13, 2024

The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 3, 2025, to file various federal individual and business tax returns and make tax payments. 10, 2024, through Feb. 16, 2024, and Jan.

Louisiana 104

Louisiana Tax tax return income tax 104

Canopy Accounting

FEBRUARY 1, 2024

Income Tax Return for Estates and Trusts , documents the income an estate earns after the estate owner passes away. It’s also used to track income before any beneficiaries receive designated assets. In other words, Form 1041 is used to report the income, deductions, gains, and losses of an estate or trust.

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income tax tax return Tax tax preparation 98

Withum

OCTOBER 3, 2024

The tax relief postpones certain tax filing and payment deadlines that started as early as September 22, 2024, to May 1, 2025. May 1, 2025 2024 Form 1065 March 15, 2025 *Postponement date would allow a proper extension until October 30, 2025. What does the filing and payment relief apply to?

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South Carolina North Carolina tax preparation income tax 130

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 16, 2024, and April 15, 2024.

Washington 98

Washington tax return Tax income tax 98

Withum

MARCH 7, 2024

The VDP allow taxpayers to keep 20% of the ERC claimed, tax free, as well as the interest received, but taxpayers must apply to the program by March 22, 2024, and agree to extend the statute of limitations. Should I File a Protective Income Tax Refund Claim? Is There Legislation Pending That Would Alter the ERC?

Tax 126

Tax income tax tax return audit 126

CPA Practice

SEPTEMBER 22, 2023

What can be even more frustrating is when those examinations seem unevenly targeted to taxpayers with lower incomes. That’s been the case with the earned income tax credit (EITC), which has been the subject of recent controversy. (A Fewer IRS audits involving credits for taxpayers with lower incomes?

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inDinero Tax Tips

JANUARY 16, 2024

Due dates for business taxes can change from year to year based on a variety of factors, including weekends and federal holidays. So, if you’re wondering when are taxes due in 2024, you’re asking the right question at the right time. Missing these tax payment deadlines might result in penalties or interest charges.

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Tax tax return payroll tax Delaware 52

CPA Practice

JANUARY 8, 2024

With the 2024 tax filing season starting later this month, the IRS is launching a special Tax Professional Awareness Week , from Jan. 8-14, 2024, to assist tax professionals on what to expect during the filing season and start the year on the right foot.

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Tax tax return Minnesota income tax 111

Withum

JANUARY 31, 2024

Affected taxpayers qualifying for this tax relief include individuals and householders who reside or have a business in Providence County. The taxpayers eligible for relief under this information release now will have until June 17, 2024, to file various federal individual and business tax returns and to make tax payments.

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Rhode Island income tax tax return Tax 72

CPA Practice

OCTOBER 3, 2023

Unless something changes legislatively (some groups are asking Congress for 1099-K relief for casual online sellers), the $600 rule will apply for the 2023 tax year (i.e., federal income tax returns that are normally filed in April 2024). Will you have to pay taxes on your ticket sales?

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income tax tax return Kansas Tax 122