Withum

OCTOBER 3, 2024

Individuals and households that reside or have a business in any one of these localities qualify for tax relief, including: Individuals whose principal residence is located in a covered disaster area and their spouse, if filing jointly. Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is?

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

CPA Practice

APRIL 11, 2024

“Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “If Over the last year, the Tax Division has worked with U.S.

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tax return Tax tax preparation Florida 116

CPA Practice

OCTOBER 17, 2023

According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.

tax return 116

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CPA Practice

OCTOBER 1, 2024

2024 quarterly estimated income tax payments normally due on Jan. 15, 2025, and 2025 estimated tax payments normally due on April 15, 2025. Quarterly payroll and excise tax returns normally due on Oct. Qualified disaster relief payments are generally excluded from gross income. 31, 2024, and Jan.

South Carolina 130

South Carolina North Carolina Tax Alabama 130

CPA Practice

JULY 8, 2024

1, 2024, to file returns and pay any taxes that were originally due during this period. 1, 2024, deadline will now apply to: Individual income tax returns and payments normally due on April 15, 2024. Quarterly estimated income tax payments normally due on April 15, June 17 and Sept.

Kentucky 105

Kentucky Tax tax return income tax 105

CPA Practice

JANUARY 29, 2024

If you’re entitled to a refund, tax experts say, you should file your return as soon as possible. Otherwise, you’re just lending interest-free money to the federal government. That means if you’re a self-employed person, a business owner or a contractor, or if you have income from a partnership or trust, Direct File isn’t for you.

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CPA Practice

FEBRUARY 3, 2023

(TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. As tax season is currently underway, citizens should be reminded that committing tax fraud will lead to criminal prosecution.”

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CPA Practice

APRIL 5, 2024

TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. Taylor prepared 779 returns for S corporations between tax years 2017 and 2020.

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Going Concern

MARCH 24, 2023

-love and taxes forever my heart- “Suitable for singles without dependents” LOL The game’s itch.io Iris here~ Tax Heaven 3000 is a visual novel dating game that actually prepares your 2022 federal income tax return! Join me and we’ll search for deductions while searching for love! Be careful!

Tax 122

Tax tax return Gaming income tax 122

CPA Practice

SEPTEMBER 13, 2024

Quarterly estimated income tax payments normally due on Sept. Quarterly payroll and excise tax returns normally due on Oct. In addition, penalties for failing to make payroll and excise tax deposits due on or after Sept. Qualified disaster relief payments are generally excluded from gross income. 16, 2024, and Jan.

Louisiana 104

Louisiana Tax tax return income tax 104

Withum

DECEMBER 22, 2023

Taxpayers also must disclose to the IRS identifying information and other details about any advisors or tax preparers who advised or assisted them with their ERC claims. In addition to the VDP, the IRS announced that it started sending up to 20,000 letters with proposed tax adjustments to recapture erroneously claimed ERCs.

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inDinero Tax Tips

MARCH 2, 2023

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. Do You have to pay taxes on cryptocurrency gains?

Tax 98

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ThomsonReuters

APRIL 28, 2022

The federal tax exclusion applies to the fair market value of any employer-provided retirement planning services—regardless of any amount employees contribute to the cost. The value of the services is also excluded from each employee’s wage base for employment tax purposes (e.g., income tax withholding and FICA).

Education 105

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Going Concern

AUGUST 29, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

Real Estate 105

Real Estate accounted accountant Account 105

CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

New Jersey 98

New Jersey tax preparation Tax auditor 98

Nancy McClelland, LLC

MARCH 7, 2023

(c) Nataliya Vaitkevich The past three years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. There are products in English and Spanish.

tax return 52

tax return Tax tax preparation income tax 52

MyIRSRelief

FEBRUARY 1, 2023

Form 941, also known as the Employer’s Quarterly Federal Tax Return, is a form used by employers to report their federal tax liabilities, including federal income tax, social security tax, and Medicare tax withheld from employee paychecks. How to resolve employment 941 payroll taxiety problems?

Tax 147

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Nancy McClelland, LLC

FEBRUARY 24, 2024

The past four years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. It’s available for all military members, and some veterans, with no income limit.

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tax return Tax income tax tax preparation 52

ThomsonReuters

OCTOBER 12, 2023

Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status. tax return.

Tax 75

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inDinero Tax Tips

MAY 21, 2021

The R&D tax credit is a dollar-for-dollar credit against taxes owed in a given year so long as it can show that it is conducting qualified research activities. The credit calculation was designed so that the government subsidizes additional research that your company would not otherwise have undertaken.

payroll tax 94

payroll tax payroll Tax income tax 94

CPA Practice

NOVEMBER 7, 2024

QuickBooks Sole Trader allows customers to manage receipts, mileage, expenses, bank transactions and invoices in one place, or via the mobile App, for a holistic view of their finances, whilst simplifying income tax preparation. million sole traders and landlords are set to be affected by MTD for Income Tax.

quickbooks 52

quickbooks income tax Construction Technology 52

xendoo

MAY 30, 2021

income tax. Florida has a sales tax rate of 6%. S Corporations are exempt from paying state income tax. Sole proprietorships, partnerships, and most LLCs are exempt from state income tax. Florida residents do not pay a state income tax. corporate tax. alternative minimum tax.

Florida 52

Florida Tax income tax bookkeeping services 52

CPA Practice

APRIL 1, 2024

While individuals of any background face the risk of being targeted by the predatory tax filing industry, Latinos may fall victim to unqualified service providers who prey on our community. tax system is not just a matter of modernizing government systems—it’s a matter of justice. Improving the U.S.

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PYMNTS

JANUARY 10, 2019

According to various estimates, it can take three to four weeks to get a tax refund from the IRS, while Americans who take the Earned Income Tax Credit or the Additional Child Tax Credit won’t get their refunds until Feb. Those early tax filers, though, often must wait months to gain access to their tax refunds.

Tax 48

Tax income tax B2C tax preparation 48

CPA Practice

JULY 5, 2024

But affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 866-562-5227 to request this tax relief. Affected taxpayers that have an estimated income tax payment originally due on or after May 19, 2024, are postponed through Nov. Covered disaster area.

Oklahoma 59

Oklahoma tax return income tax Delaware 59

CPA Practice

APRIL 11, 2024

The IRS wisely started small, piloting Direct File in four states—Arizona, California, Massachusetts and New York—each agreed to implement an integrated option for filing their state tax return and eight states without a state income tax. One reporter said that “the government has created an actually good piece of software.”

Tax 52

Tax tax return income tax Arizona 52

ThomsonReuters

APRIL 25, 2024

This means that the funds are deposited into your retirement account before they are taxed — and you won’t owe any income tax on these funds until you withdraw the money from your account, typically after you retire. Are 401(k) contributions tax deductible? What is the 401(k) tax limit?

Tax 52

Tax income tax Account accountant 52

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden. If the child’s unearned income (i.e.,

Tax 52

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CTP

MARCH 9, 2022

The truth is that loopholes are created by the government. Loopholes are just government incentives to promote its public policy. By providing breaks to businesses, our government can stimulate the economy and keep it flourishing in times of good, and fuel it in recessions. They want us to use loopholes.

tax planning 98

tax planning Tax Legal tax return 98

CTP

SEPTEMBER 13, 2022

How to save money on business taxes. Taking advantage of the Qualified Business Income tax deduction. Suppose a company is a pass-through entity—a sole proprietorship, an S corporation, or a partnership—passing its income and deductions down to its shareholders, partners, or owners to report on their personal returns.

Tax 98

Tax California Real Estate accounting and finance 98

LyfeAccounting

APRIL 27, 2021

But in today’s post, we’ll actually be explaining why having a huge tax refund or any refund at all is not necessarily a good thing and the reasons might surprise you. What is a Tax Refund? Well, it’s not just free money from the government (though it might feel that way). The Child Tax Credit or CTC.

Tax 52

Tax income tax tax return accounting and finance 52

Going Concern

JULY 21, 2023

Former Deloitte consultant David Milo used confidential government documents to try and win work for his new consulting firm Synergy 360, according to Nine News reports on Thursday. On one side, civil society groups this week launched a coalition to promote the move toward a government-run free-file program.

audit 98

audit Tax Manufacturing Government 98

CPA Practice

AUGUST 15, 2023

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily.

North Carolina 52

North Carolina Tax Indiana CPA 52

inDinero Tax Tips

MARCH 2, 2023

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. Do You have to pay taxes on cryptocurrency gains?

Tax 52

Tax income tax South Dakota tax return 52

Going Concern

FEBRUARY 16, 2024

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? I’m a professional tax preparer.”

Real Estate 105

Real Estate Iowa audit public accounting 105

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

accounted 59

accounted accountant Account tax preparation 59

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Our CPAs Answer Your Top 5 Burning Tax Questions.

Tax 52

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