MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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audit North Carolina Oklahoma Ohio 130

TaxConnex

MARCH 21, 2024

It did, but the South Carolina Department of Revenue later audited Amazon and found that it had failed to adequately tax sales by third-party merchants. Maryland is fielding a proposal to reduce the state’s overall sales tax rate but expand the number of products to include such items as streaming services.

South Carolina 264

South Carolina Sales Tax Alabama 264

TaxConnex

DECEMBER 29, 2022

The year started with attention on new online products and sales tax – notably in Maryland with its tax on digital advertising. Observers immediately called the Maryland law “incredibly vague” on definitions. Recreational marijuana, for example, was on the ballot to legalize in many states – as were measures to levy sales tax on it.

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Sales Tax Maryland Louisiana 130

CPA Practice

JULY 28, 2023

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. This has been playing out in Maryland over the last few years as the state has become a national litmus test for the legality of taxing companies based on their digital advertising revenue.

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Maryland Tax Virginia West Virginia 52

Going Concern

JULY 8, 2024

Smith School of Business at the University of Maryland published this : The Accountant Shortage Highlights How Critical Accounting Is to Capital Markets Last summer NPR’s Marketplace aired a story about the nationwide shortage of accountants. Here’s a crazy idea coming out of Australia : tying pay to audit quality.

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audit accountant Account accounted 59

Cherry Bekaert

MAY 20, 2024

ROV requests that allege discrimination could be routed to the appropriate compliance, legal, and appraisal review staff that have the requisite skills and authority to research and resolve the request). Establish risk-based ROV systems that route the request to the appropriate business unit (e.g.,

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PYMNTS

NOVEMBER 29, 2019

Maryland, said Peterson, has constructed a database that lists all the items that are taxable in the state. You can bet, however, that they take the time to read through communications from tax authorities indicating that they are being audited or that they owe back taxes. Then the scrambling begins.

South Dakota 53

South Dakota Tax Nebraska audit 53