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How to Maintain Compliance Documentation for Sales Tax Audits | TaxConnex

TaxConnex

These certificates validate the tax-exempt status of certain sales and are vital during an audit. Bad Debt Most states allow a deduction for bad debts written off for Federal income tax purposes. Miscellaneous Adjustments Any adjustments taken on your tax return should have supporting documentation.

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What Small Business Owners Need to Know About Income Tax Instalments

Ronika Khanna CPA,CA

One of these obligations requires that you calculate and pay the full amount of your income taxes when you file your income tax return, rather than having your employer remit deductions from your paycheck directly. Digital Download What is an Instalment Payment? Unincorporated (sole proprietorships etc.)

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‘Where’s My Refund’ Tool Gets Updates – How to Estimate Your 2024 Income Tax Refund Date

CPA Practice

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

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How To Download Your IRS Account Transcript to Look Up Your Estimated Tax Payments (Updated Jan 2024)

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. The best news where downloading any transcript is concerned?

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Dreading Doing Your Taxes? Use This Hack to Download Your IRS Account Transcript—For Free

Nancy McClelland, LLC

Here’s how it works: the IRS receives a copy of every single tax form filed by you – or “on” you (by, say, an employer or brokerage firm). If you’re paralyzed with fear of filing your tax return because you might be missing documents, you can easily find them by accessing your IRS transcript.

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2024 Tax Refund Date Estimator

CPA Practice

The IRS started accepting and processing income tax returns on January 29, 2024. The deadline to file returns in 2024 is April 15 (this sometimes varies based on weekends or state holidays). This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.

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2023 IRS Tax Refund Calendar – When Will You Get Your Refund?

CPA Practice

It’s almost March, and the 2023 tax filing season is well underway. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. That’s without an expensive “tax refund loan” or other similar product.