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The Reversal of Washington State’s New Capital Gains Tax – Now What?

Withum

The state’s Department of Revenue had initially estimated the tax would apply to about 7,000 state residents a year and would raise about $445 million starting in the fiscal year 2023. State and Local Tax Services. For more information, please reach out to Withum’s Theatre, Entertainment and the Arts team. Get in Touch.

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IRS Grants a “Do Over” to a Taxpayer Engaging in a Qualified Rollover

Withum

The taxpayer indirectly, through a partnership, sold QSBS and reinvested the proceeds into two different QSBs (likely to double up the future section 1202 exclusion) within 60 days but failed to file his/her tax return containing the section 1045 election by the extended due date. Contact Us. Let’s Chat.

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How to Deduct Business Expenses While on Vacation

CPA Practice

Lodging and non-entertainment meals (50% of meals). Tips paid for services related to any of the above expenses. The same applies for non-entertainment meals. You can deduct 50% of the non-entertainment meals relating to your individual expense—not the entire family’s meals. Dry cleaning and laundry.

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Discuss Payment Options: If you owe taxes, discuss payment options with your advisor. Form 941 is used by employers to report income taxes, social security tax, or Medicare tax withheld from employees’ paychecks. Problems with payroll taxes are serious and require immediate attention.

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GHJ Joins Forces With Fellow L.A. Firm GGF

CPA Practice

“By combining forces, GHJ is enhancing its ability to deliver greater value to clients through expanded expertise, innovative solutions, and a broader range of services designed to support their success,” GHJ said in a media release.

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How far back can the IRS audit?

xendoo

However, there are exceptions—like underreporting or foreign income mistakes—where the IRS may audit your returns from the past six years or anytime (if the IRS suspects fraud). For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers.

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How far back can the IRS audit?

xendoo

However, there are exceptions—like underreporting or foreign income mistakes—where the IRS may audit your returns from the past six years or anytime (if the IRS suspects fraud). For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers.

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