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Understanding IRS Letter 725-B: Notice of Appointment to a Field Revenue Officer for Investigation

MyIRSRelief

This letter is part of the IRS’s efforts to ensure compliance with tax laws, address back taxes and to resolve outstanding tax issues. The IRS Letter 725-B is sent to taxpayers to inform them that an RO – revenue officer will be handling their case. What is IRS Letter 725-B?

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IRS Offers Resources and Advice During National Small Business Week

CPA Practice

The Internal Revenue Service is offering tax-related information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week. Tax topics during the week will include: Monday, April 29. Small business owners must implement data protection safeguards and always be on the lookout for tax-related scams.

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IRS Opens 2025 Tax Compliance Program for Corporations

CPA Practice

31, and the IRS will inform applicants if they’re accepted into the program in February 2025. Launched in 2005, CAP helps large corporations improve federal tax compliance. Resolve issues before filing tax returns and comply with federal tax laws. Ensure accurate tax returns, shortening the IRS audit process.

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

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How to efficiently file a business tax return: A workflow guide for accounting firms

ThomsonReuters

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Prepare and review the tax return 4. File electronically and track the return 5. Review deduction and credit opportunities 3. Partnership.

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5 Cyber Tips for CPAs for Tax Season and After

CPA Practice

What tactics are ‘hot’ this season Phishing continues to be one of the main vectors for tax-related scams this year with malicious actors impersonating legitimate entities to trick CPA professionals into divulging sensitive information or downloading malicious software.

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Checklist for Small Business Startups

SMBAccountant

It will also have tax implications and different regulatory compliances the business will have to follow. Please be sure to consult your lawyer for information regarding your company’s legal structure (Yes, having a lawyer should be on your checklist). Establish a system for collecting and remitting sales tax if required.