Remove Idaho Remove Tax Remove tax return
article thumbnail

$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

CPA Practice

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. People face a July 17 deadline to file their returns.

article thumbnail

IRS Says State Issued Stimulus Payments are Not Taxable

CPA Practice

After several days of requests by taxpayers, state agencies and the National Taxpayer Advocate , the Internal Revenue Service has provided clarifying the federal tax status involving special payments made by 21 states in 2022. Alaska is in this group as well, but please see below for more nuanced information.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. Holiday hucksterism? Free for all.

Sales 130
article thumbnail

Are Your Clients Compliant with Tangible Personal Property Taxes?

CPA Practice

But a tax on tangible personal property can be just as confusing. Certain times of year, when those taxes may be due, you may ask yourself: What counts as real property vs. personal property? How is tangible personal property taxed? How are property taxes calculated, and how does depreciation work?

article thumbnail

The Most Complex States for Personal Property Tax Compliance

CPA Practice

Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others. This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. This helps explain why many companies find property tax compliance time-consuming.

article thumbnail

Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes

CPA Practice

This webinar will be held on Tuesday, July 9, 2024 at 1:00pm ET Sponsor: SafeSend Duration: 1 Hour Register Now With so many new features, automation technologies and firm modernizations coming out in 2024, Tax & Accounting professionals have a lot to keep up with. Moderated by: Gail Perry is the editor-in-chief of CPA Practice Advisor.

article thumbnail

Webinar: Tax Firm Innovation: Assessing and Enhancing Your Current Processes

CPA Practice

Learning Objectives: Understanding how integrations between tax technology software works, what purpose they serve, and how simple they are to use. Discover ways to better prepare your firm for staffing issues, elevating remote staff workflows, and boost your firm appeal to the next generation of tax professionals.