MyIRSRelief

SEPTEMBER 1, 2022

In particular, the expansion of the IRS and it tax enforcement arm will result in more taxpayers seeking IRS audit & appeals help as it comes into effect starting next year. Understanding the expansion of the IRS and how it affects you will assist in reducing the chances that you will be audited. Services to Taxpayers: +$3.2

audit 130

audit tax return Tax Education 130

TaxConnex

FEBRUARY 27, 2024

For respondents, the staffing struggle also meant curtailing business growth (19.23%), more errors in sales tax calculation (17.58%), more frustration from existing staff (21.43%) and, perhaps scariest, a growing lack of confidence in being prepared for an audit (22.53%). What resources will they need to handle this new responsibility?

Sales 264

Sales Tax Account accountant 264

MyIRSRelief

JANUARY 7, 2024

Tax audits can be a daunting experience for any taxpayer, and when it comes to the Employment Development Department (EDD) audits, the stakes can be particularly high. The EDD is responsible for administering unemployment and disability insurance, payroll tax collection, and job training/workforce services in California.

audit 130

audit payroll tax Tax auditor 130

TaxConnex

FEBRUARY 24, 2022

At first glance, sales tax risk might be considered immaterial, but when you think of how up to 10% of a business’s overall revenue could be exposed, compounded over a period of multiple years, including penalties and interest for non-compliance, sales tax risk can become a deal killer. Smaller, private companies are less scrutinized.

Sales 246

Sales Tax tax return financial statements 246

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.

audit 130

audit North Carolina Oklahoma Ohio 130

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.

payroll tax 147

payroll tax payroll audit Tax 147

Snyder

DECEMBER 28, 2022

Many small business owners often feel like they might be a heartbeat away from the IRS tax audit. In fact, according to the IRS data , only about 1 percent of taxpayers are facing an audit. percent of small businesses are getting tax audited. What is a tax audit? What does a tax audit mean?

audit 98

audit Tax tax return auditor 98

MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. This can save you from legal liabilities.

tax services 147

tax services California Tax tax preparation 147

inDinero Tax Tips

NOVEMBER 4, 2021

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit. What is an Audit? What is an Audit?

audit 98

audit Tax tax return tax preparation 98

MyIRSRelief

FEBRUARY 1, 2023

Tax anxiety, TAXIETY, comes in different forms of tax problems such as: What is an IRS audit taxiety? An IRS audit is a review or examination of an individual’s or organization’s tax return to ensure that the information is accurate and that the tax return is being filed in compliance with the tax laws.

Tax 147

Tax tax return cpas audit 147

TaxConnex

NOVEMBER 23, 2021

For more than a decade, states have attempted to determine the best approach to force businesses selling online (or remote sellers) to collect sales tax. For many states, sales tax is the single largest revenue source and thus critical to a balanced budget. Preparing and filing sales tax returns based on your filing frequencies.

Sales 246

Sales Tax tax return Retail 246

TaxConnex

NOVEMBER 18, 2021

It’s generally better to be proactive in understanding and mitigating your sales tax risk rather than waiting for a jurisdiction to identify you for audit. When do your sales tax obligations and liability start? The first step in mitigating your prior-period sales tax liability is to assess your current obligations.

Sales 246

Sales Tax Non-Profits Start-ups 246

TaxConnex

OCTOBER 6, 2022

Are they nonprofits, resellers, government entities or in some other industry that has an exemption to sales and use tax? It’s typically just 36 to 48 months for a registered taxpayer who’s filing sales and use tax returns on time. The statute of limitations. Other mitigation options: XYZ letters.

Sales 246

Sales Tax tax return Start-ups 246

SMBAccountant

MARCH 8, 2023

Tax accountants must use the Internal Revenue Code (IRC) to provide accurate tax returns.

tax accountant 130

tax accountant Tax Account accountant 130

CTP

JANUARY 15, 2025

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly.

audit 52

audit auditor Legal tax return 52

MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California 130

California tax services business tax Tax 130

CPA Practice

AUGUST 16, 2024

Resolve issues before filing tax returns and comply with federal tax laws. Ensure accurate tax returns, shortening the IRS audit process. publicly traded corporation with a legal requirement to prepare and submit SEC Forms 10-K, 10-Q, and 8-K or a privately held C-corporation, including foreign-owned.

Tax 105

Tax accounting principles tax return financial statements 105

TaxConnex

MARCH 7, 2023

Retail/eCommerce respondents to our survey reported challenges such as audits, timely filing of sales tax returns and charging the correct sales tax. Not happy A quarter of retail and eCommerce companies who responded to our survey already file sales tax returns in 11-30 states and 69% sell into more than 30.

Sales 130

Sales Retail Tax tax return 130

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. What is Audit Representation and How Can It Help Me in Corona, CA?

Tax 130

Tax payroll tax payroll tax return 130

SMBAccountant

MAY 17, 2024

The Checklist Legal Structure and Registration (Get a lawyer) First, you must decide on your legal structure (e.g., Different legal structures offer varying degrees of liability protection for business owners. It will also have tax implications and different regulatory compliances the business will have to follow.

accounting software 130

accounting software Legal tax return financial statements 130

SkagitCountyTaxServices

NOVEMBER 8, 2023

Because these groups have seen sharp drops in audit rates during the past decade. Specifically, that means high-income earners, partnership income tax returns, large corporations, and promoters “aggressively peddling abusive schemes.” in those accounts. All of this is still in the formal stages of development.

income tax 67

income tax tax return Tax audit 67

MyIRSRelief

FEBRUARY 8, 2023

Los Angeles Tax Preparation Service Tax preparation refers to the process of gathering, organizing, and preparing the necessary information and documents to complete your tax return. This process can be time-consuming, complicated, and overwhelming, especially if you are not familiar with tax laws and regulations.

tax services 130

tax services Tax tax preparation tax planning 130

Going Concern

SEPTEMBER 22, 2023

Harlow advises clients throughout the supply chain ranging from independent operators to vertically integrated operators in the largest legal cannabis markets in the country. In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice.

audit 109

audit accounting and finance Virginia auditor 109

MyIRSRelief

AUGUST 14, 2023

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. What is an IRS wage garnishment?

tax return 130

tax return Legal Tax audit 130

MyIRSRelief

AUGUST 14, 2023

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. What is an IRS wage garnishment?

tax return 130

tax return Legal Tax audit 130

Withum

JANUARY 25, 2024

Using a forensic account is essential in developing a strategy to handle and defend the findings of a cash-based audit. The Oxford Dictionary defines forensic accounting as “the use of accounting skills to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings.” Why a Forensic Accountant?

forensic accounting 78

forensic accounting audit Account accountant 78

CPA Practice

APRIL 29, 2024

Among the technological solutions Piccurrio implemented to keep his work life in check was ProConnect Tax. This cloud-based professional tax software allows you to create tax returns in minutes, from anywhere. It’s a natural progression to go from QuickBooks to ProConnect Tax.”

Tax 124

Tax Technology tax return bookkeeping 124

MyIRSRelief

JANUARY 6, 2020

In a 1935 Supreme Court decision, a judge ruled that, “Any one may so arrange his affairs that his taxes shall be as low as possible…There is no patriotic duty to increase one’s taxes.” Today, federal, state and local taxes add up to nearly 25% of the US Gross National Product, so they’re pretty adamant that you pay up.

Tax 100

Tax payroll tax audit tax return 100

MyIRSRelief

DECEMBER 15, 2022

For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. Compliance with laws and regulations: SoCal small business owners are required to keep certain financial records in order to comply with various laws and regulations, such as tax laws.

tax accountant 130

tax accountant Tax Account accountant 130

CTP

NOVEMBER 15, 2023

The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. Are you relying solely on tax planning software?

tax planning 111

tax planning Tax tax preparation tax return 111

TaxConnex

OCTOBER 4, 2022

You then need to create a billing process to apply tax to your invoice, manage your sales tax-exemption certificates and prepare and file sales tax returns. Your staff can be trained for the specific sales tax needs of your company, and you’ll have an in-house resource for future questions. Outsourcing.

Sales 130

Sales Tax tax return Colorado 130

Withum

SEPTEMBER 14, 2022

Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics. As a result, the chances of getting audited became about the same as the odds of winning the Power Ball lottery.

Tax 105

Tax tax return audit Entertainment 105

MyIRSRelief

SEPTEMBER 15, 2023

An IRS bank levy is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. When the IRS levies your bank account, they freeze the funds in it and eventually withdraw the amount owed to satisfy your tax debt. Contact us for professional tax help today! What is an IRS bank levy?

tax return 130

tax return Tax Legal accounting and finance 130

CPA Practice

SEPTEMBER 19, 2024

Note : The spring 2025 tax filing season is when taxpayers report their 2024 income and related matters to the IRS, so it’s important to keep up with the laws as they applied during the previous calendar year. Cybersecurity In this day and age, cybersecurity has become a valuable component of every tax practice.

Tax 132

Tax tax preparation tax return Education 132

CTP

OCTOBER 3, 2022

Will you as the tax planner be at risk as a result of rendering that advice? If so, how can you protect yourself legally? A written tax plan is key to clearing up miscommunications, clarifying the scope of an engagement, providing you with legal protection, and ultimately improving your tax practice.

tax planning 98

tax planning Tax Legal tax return 98

MyIRSRelief

MAY 1, 2024

Hiring a tax professional offers a multi-pronged advantage: Expertise and Accuracy: A qualified EA possesses in-depth understanding of tax codes, deductions, and credits specific to your business structure, be it a C corporation, S corporation, or partnership. Compliance Navigation: Tax compliance goes far beyond just filing.

Tax 130

Tax tax planning audit Non-Profits 130

xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? How far back can the IRS audit tax returns?

audit 52

audit tax return Entertainment income tax 52