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What’s the Best Accounting Method Route for Business Tax Purposes?

RogerRossmeisl

Before the Tax Cuts and Jobs Act (TCJA) took effect, the gross receipts threshold for classification as a small. The post What’s the Best Accounting Method Route for Business Tax Purposes? appeared first on Roger Rossmeisl, CPA.

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Navigating Business Tax Services in Whittier, California

MyIRSRelief

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.

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How to Correct Errors on Your Individual or Business Tax Return

MyIRSRelief

For Businesses: Filing Form 1120-X or 1065-X Identify the Error: Determine the specific error on your original business tax return (Form 1120 for corporations or Form 1065 for partnerships). Correcting errors on your individual or business tax return is essential to ensure compliance with tax laws and avoid potential penalties.

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IRS Highlights New Payment Options Within Business Tax Account Tool

CPA Practice

The IRS said earlier this week that it’s continuing to expand features within its online self-service tool for businesses, launched last October as part of the agency’s service improvement initiative funded under the Inflation Reduction Act. To set up a new business tax account or for more information, visit Business Tax Account.

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IRS Starts Business Tax Accounts

CPA Practice

20 that it has launched new business tax accounts , with the initial version geared toward sole proprietors. As part of its continuing effort to improve taxpayer services and make the agency more technology-friendly, the IRS said on Oct.

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IRS expands business tax accounts

Accounting Today

Individual partners and individual shareholders of S corps can now get a business tax account.

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IRS to begin accepting business tax returns next week

Accounting Today

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan.