Withum

MARCH 20, 2024

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.” 03/18/2021.)

Montana 52

Montana Tax income tax tax return 52

Going Concern

NOVEMBER 8, 2024

Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and tax preparation services she provided on the side for a member of a rock band.

Florida 98

Florida Mississippi audit auditor 98

ThomsonReuters

APRIL 25, 2024

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

New Jersey 98

New Jersey tax preparation Tax auditor 98

Steve Feinberg

MARCH 28, 2022

What is the New Hampshire Personal Net Income Tax Rate? There is currently no Personal Net Income Tax Rate. However, businesses must pay a 5% tax on all interest and dividend income. Check with your accountant if this tax will impact your business. . Is There a Sales Tax in New Hampshire?

New Hampshire 52

New Hampshire business tax Tax income tax 52

Nancy McClelland, LLC

APRIL 16, 2023

To that end, when you do share something with your tax preparer, I beg you to phrase it in respectful language that recognizes they are experts in their field. It’s available through 2025 and the IRS has an FAQ on it that’s chock-full of details. See here for my guide to finding a qualified tax preparer in your area.)

Tax 52

Tax tax preparation tax return income tax 52

Cherry Bekaert

NOVEMBER 28, 2023

Other states allow the pass-through entity owners to reduce their state taxable income by the amount of income previously reported and taxed by the pass-through entity. Looking forward, companies should begin to plan for the sunset of many tax provisions in the Tax Cuts and Jobs Act (TCJA).

tax planning 64

tax planning Tax income tax tax return 64

Withum

OCTOBER 18, 2023

The House Ways and Means Committee has introduced a year-end tax bill that would preserve 100% bonus depreciation until the end of 2025. The Qualified Business Income (“QBI”) Deduction Sunsets The QBI is a 20% “off the top” deduction on the income of qualifying businesses and lowers the effective tax rate on this income.

Tax 59

Tax tax planning tax preparation income tax 59

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden. If the child’s unearned income (i.e.,

Tax 52

Tax income tax tax preparation tax return 52

CPA Practice

JUNE 20, 2024

As an example, ChatGPT5 is currently scheduled for a 2025 release. The Large Language Models are 1) running out of data to train on, and 2) new models are taking longer to build, even with much faster hardware. We are anxious to see new AI desktops and laptops, such as the Microsoft Surface Copilot+PC , dominate the market this year.

Technology 52

Technology income tax quickbooks bookkeeping 52

ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. citizens living abroad or earning income from foreign sources, questions often arise on how the U.S.

Tax 40

Tax tax return income tax Real Estate 40

xendoo

FEBRUARY 13, 2023

The corporation uses Form 1120 to report income and claim credits and deductions each year. A pass-through entity doesn’t file taxes as a separate entity. Instead, the income “passes through” to the owner of the business who pays personal income taxes on their share of the business.

Tax 59

Tax income tax Non-Profits Legal 59

inDinero Tax Tips

JANUARY 16, 2024

For sole proprietors and certain single-member LLC’s, fill out IRS Form 4868 Corporations, partnerships, and multimember LLC’s should use IRS Form 7004 When are Taxes Due for Quarterly payments in 2024? Estimated tax payments are to be made quarterly; they can be submitted online or posted in the mail with Form 1120-W.

Tax 52

Tax tax return payroll tax Delaware 52

LyfeAccounting

JUNE 7, 2021

Did you know that some countries have zero income taxes? If you use places like Dubai, Monaco, or the Bahamas as your primary residence then you don’t have to pay any taxes. Well, there are other states that give you great tax benefits as well. So how do you get passive income? Not into changing your citizenship?

Legal 59

Legal Tax income tax Real Estate 59

CPA Practice

JULY 24, 2024

3, 2025, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred from July 5, 2024, through Feb. 3, 2025, to file returns and pay any taxes that were originally due during this postponement period.

Tax 52

Tax tax return Texas income tax 52

Cherry Bekaert

OCTOBER 3, 2024

The looming expiration of the 2017 Tax Cuts and Jobs Act (TCJA) enacted during the Trump administration has become an important issue in the presidential campaign. Scheduled to sunset in 2025, the TCJA implemented significant changes to the tax code, including the reduction of personal income taxes and a simplified tax filing process.

Tax 105

Tax income tax tax preparation corporation tax 105

CPA Practice

JUNE 21, 2023

Biden agreed to reallocate $10 billion of the IRS’s funding in 2024 and another $10 billion in 2025 to other spending priorities. The IRS hasn’t made a ton of progress in reducing its paper accounts management inventories over the past year. The inventory is just 6% lower than at the same time last year. billion more was cut.

tax return 64

tax return Tax accounting manager account management 64