CPA Practice

OCTOBER 16, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

FEBRUARY 11, 2023

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns. During a review, the IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file.

income tax 111

income tax Mississippi tax return Arkansas 111

CPA Practice

SEPTEMBER 9, 2024

Their withholding and tax credits to be less than the smaller of: 90% of the tax to be shown on their 2024 tax return, or 100% of the tax shown on their complete 12-month 2023 tax return. Late and skipped estimated tax payments can incur penalties even if a refund is due when a tax return is filed.

West Virginia 95

West Virginia South Dakota South Carolina Tax 95

CPA Practice

FEBRUARY 28, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15, and Sept.

Tax 128

Tax Alabama Georgia tax return 128

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

CPA Practice

FEBRUARY 27, 2023

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 deadline also applies to 2023 estimated tax payments, normally due on April 18, June 15, and Sept.

Tax 95

Tax Alabama Georgia tax return 95

ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. The tax credit is referred to as a “relief rebate.” The tax credit is referred to as a “relief rebate.”

Rhode Island 105

Rhode Island Delaware Oklahoma Tax 105

CPA Practice

SEPTEMBER 28, 2023

A federal jury sitting in Atlanta has convicted Jack Fisher and James Sinnott of conspiracy to defraud the United States, conspiracy to commit wire fraud, aiding and assisting the filing of false tax returns and subscribing to false tax returns. Goldberg of the Justice Department’s Tax Division, U.S.

North Carolina 110

North Carolina Georgia tax return Tax 110

CPA Practice

JULY 24, 2023

million in taxes. According to court documents, Lohrasb “Jeff” Jafari, 72, of Alpharetta, Georgia, was the executive vice president of PRAD Group, an architectural, design, and construction management firm headquartered in Atlanta that performed services for the City of Atlanta and DeKalb County. Polite, Jr. Attorney Ryan K.

Georgia 98

Georgia Tax income tax tax return 98

CPA Practice

APRIL 24, 2023

The LLC owners (called members) also report business profits and losses on their individual income taxes. For filing season 2022, the Treasury Department and the IRS updated the 1065 partnership form to simplify the computation of deductions and credits and how partners compute their federal income tax liability.

Legal 98

Legal income tax tax return Mississippi 98

ThomsonReuters

DECEMBER 7, 2022

As we know, governments collect taxes to fuel economic growth and fund investments in infrastructure, human capital, as well as the provision of services for individuals and businesses. This also extends to the income an individual receives after their death, which is subject to income tax. What is fiduciary tax?

Tax 59

Tax North Carolina income tax tax return 59

Menzies

JULY 26, 2022

If you want to be self-employed (also referred to as a ‘sole trader’) you need to notify HMRC by 5 October following the end of the tax year in which you started your new business. You’ll then need to file self-assessment tax returns and pay any income tax, Class 2 and Class 4 National Insurance Contributions due by 31 st January annually.

Tax 52

Tax Georgia income tax tax return 52

Cherry Bekaert

SEPTEMBER 22, 2024

The states with the largest number of those new jobs include Arizona, Georgia, Kansas and Tennessee 2. For the foreseeable future, these clean energy tax credits and incentives are here to stay. In particular, some preparers are using transferability provisions to offset income tax from sources that are not eligible.

Manufacturing 64

Manufacturing tax return Tax Kansas 64

ThomsonReuters

JULY 10, 2023

At the state level, it is not uncommon to have more than one sales tax rate. Items deemed necessities like groceries may have a lower tax rate (or even be exempt) in an effort to provide some low-income tax relief. As noted above, many states also have local sales taxes. However, many consumers do not pay the tax.

Sales 97

Sales Tax Arizona Georgia 97

CPA Practice

MAY 7, 2023

The tax savings opportunity is not available to sole proprietorships or single member LLCs who are disregarded entities. Most businesses that file a tax return separate from inclusion in an individual return are eligible. Considering the corresponding regulations that come in to play, what is the practical application?

Real Estate 110

Real Estate Tax North Carolina cpas 110

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

Delaware 52

Delaware Nevada Sales Tax 52

inDinero Tax Tips

APRIL 20, 2021

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.

Delaware 64

Delaware Wyoming Nevada Oregon 64

PYMNTS

JANUARY 8, 2018

And the world learned that the Nigerian royalty that has been trying to scam them for the last several years is neither Nigerian nor a prince – just a guy from Georgia with a side hustle working for scammers. Good Tax Lending Karma. Consumers who file electronically wait, on average, three to four weeks to clear their refund.

Tax 42

Tax Louisiana Legal Colorado 42

Going Concern

DECEMBER 23, 2022

Trump tax controversy fuels passage of presidential audits bill [ POLITICO ]. Democrats on the House Ways and Means Committee released a report Tuesday that showed Trump paid little or no federal income tax while he was in office and that the IRS delayed auditing his returns despite its policy of auditing all presidents.

Tax 98

Tax auditor audit tax return 98