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Partnership Income Tax Returns & More Skagit County IRS Targets

SkagitCountyTaxServices

For you as a business owner, besides jumping on opportunities, you’ll also want to stay abreast of things that might affect your business with Uncle Sam. The IRS will be focused less on working-class taxpayers and increasingly toward high-income individuals and corporations.

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IRS Establishing New Unit to Crack Down on Tax Dodging by Pass-Throughs

CPA Practice

A new work group within the Large Business and International (LB&I) division will be tasked with holding large partnerships and other pass-through businesses accountable to pay the full amount of taxes they owe, the IRS said on Wednesday.

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Payroll Taxes vs. Income Taxes | What’s the Difference Between Payroll and Income Tax?

LyfeAccounting

Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. In addition, I didn’t know the requirements of income taxes, especially for self-employed individuals. In this post, I’m going to fully explain the difference between payroll taxes and income taxes.

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Los Angeles tax, accounting service

MyIRSRelief

Our Los Angeles based tax firm , led by Mike Habib, Enrolled Agent, represents and helps business taxpayers get compliant with back years, contact us today at 1-877-78-TAXES [1-877-788-2937]. What are the benefits of accounting & bookkeeping services? What is income tax preparation service?

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What Does A Tax Extension Mean For You?

Nancy McClelland, LLC

• An extension is a form filed with the IRS to request additional time to file your federal tax return. This extends the due date for submitting your individual return to October 15. • In some states, filing an extension with the IRS will automatically extend the time to complete a state income tax return.

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How To Download Your IRS Account Transcript to Look Up Your Estimated Tax Payments (Updated Jan 2025)

Nancy McClelland, LLC

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. Tax nerds unite!) “ What About State Information? ” Seriously?

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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

If you’re not comfortable handling your own accounting and bookkeeping, you may want to consider hiring a professional accountant. A professional accountant can help you set up an accounting system, track your finances, and prepare your tax returns.