CPA Practice

OCTOBER 5, 2023

The IRS is slashing the costs for paid tax return preparers to renew their preparer tax identification numbers (PTINs) in 2024 by nearly 36%, after a court ruled earlier this year that the agency had previously overcharged tax professionals to obtain a valid PTIN. down from $30.75 for PTIN renewals in 2023.

tax preparation 105

tax preparation tax return Tax 105

Going Concern

JANUARY 22, 2025

A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. It is currently active until 2026.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

ThomsonReuters

FEBRUARY 28, 2025

The IRS is seeking feedback on the form and instructions until June 30, 2025, to ensure that the instructions for tax year 2025 (processing year 2026) are clear and up to date. She explained that previously, a good documentation package (“R&D study”) would have prepared this information for an IRS exam.

Tax 52

Tax tax return tax preparation payroll 52

Withum

OCTOBER 3, 2024

Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is? Per the IRS website , disaster relief applies to the clients of tax preparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

Cherry Bekaert

NOVEMBER 28, 2023

A head start in addressing any tax-related concerns arising from the transaction can highlight options for tax planning actions the company may take before year end and ensure a smoother process for tax provision and tax return preparation for 2023. and foreign taxes should review their strategies annually.

tax planning 64

tax planning Tax income tax tax return 64

Going Concern

FEBRUARY 26, 2024

PwC Australia emergency CEO Kevin Burrowes will stay on to 2026 : Kevin Burrowes, the senior partner brought in by PwC global to take control of the scandal-hit Australian firm, has had his leadership term extended until 2026. Aaaaand now there’s one less tax preparer in Florida to handle the load.

audit 59

audit Mississippi Non-Profits auditor 59

Nancy McClelland, LLC

JANUARY 11, 2025

Keep in mind that estimated quarterly tax payments for business owners (including sole proprietors) are due January 15 (4Q 2024), April 15 (1Q 2025), June 16 (2Q 2025), September 15, 2025 (3Q 2025) and January 15, 2026 (4Q 2025). Once you have submitted your return, you can use the agencys Wheres My Refund tool to check the status.

Tax 52

Tax tax return Education income tax 52