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

TaxConnex

AUGUST 9, 2022

Louisiana will exempt many prescription drugs from local sales taxes. Maryland will begin exempting items including?baby Iowa has modified its sales tax base. Changes include combining sales and use tax returns and their permits into one and changing filing frequencies for sales and use tax from quarterly to monthly.

Sales 130

Sales Louisiana Tax Iowa 130

CPA Practice

APRIL 9, 2024

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

OCTOBER 4, 2024

For the 2025 tax filing season, Direct File will also be available in Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania and Wisconsin. It guides taxpayers through a series of questions to prepare their federal tax return step-by-step.

Alaska 126

Alaska South Dakota North Carolina tax return 126

TaxConnex

AUGUST 22, 2024

One state senator reportedly referenced a study supporting that “all taxes are regressive but that high property taxes are the most detrimental to economic growth.” Elsewhere In Maryland , a federal judge has reportedly dismissed a claim filed by the U.S. The shop filed for bankruptcy in March 2020.

Sales 147

Sales Tennessee Illinois Tax 147

CPA Practice

OCTOBER 18, 2024

Christine has over 25 years of banking experience specializing in working with tax-exempt organizations in Northern Virginia, DC, and Maryland. She has prepared various tax returns for nonprofits, taught at seminars, and written articles about accounting and tax issues affecting nonprofits. She holds a B.S.

CPA 110

CPA Non-Profits cpas Washington 110

CPA Practice

SEPTEMBER 23, 2024

Starting in January, residents of Maryland and North Carolina will be able to file their state taxes online for free using Code for America’s FileYourStateTaxes tool. Integrated with the IRS’s Direct File program, it expands on the federal service, which currently only offers no-cost filing for federal returns.

North Carolina 59

North Carolina Maryland Technology Tax 59

Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

income tax 88

income tax Tax tax return Connecticut 88

Anders CPA

MAY 23, 2023

State Payroll Reciprocity Agreements It’s possible for remote or out-of-state workers to be taxed twice, but this double taxation can be resolved by the taxpayer when preparing their state tax returns. The taxpayer would then be refunded for taxes withheld unnecessarily from their paycheck.

payroll tax 98

payroll tax payroll Rhode Island South Dakota 98

CPA Practice

APRIL 7, 2023

An Indiana woman pleaded guilty in federal court last Friday in the District of Columbia to conspiring to file false tax returns and related charges. According to court documents and statements made in court, Awett Tedla of Indianapolis was the owner and operator of Speedy Tax Services, L.L.C., and District Heights, Maryland.

tax preparation 52

tax preparation Indiana Tax income tax 52

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Anders CPA

SEPTEMBER 28, 2022

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

LyfeAccounting

MAY 18, 2021

Authorities claim Brooks fraudulent tax returns showed over 700 thousand in payments and 7 million in unemployment payments to employees of Cars Direct. And this ultimately led to his arrest as the IRS and State of Maryland investigated his claims. Brooks and seized more than 2 million dollars from 11 different bank accounts.

Florida 71

Florida tax return Washington Gambling 71

PYMNTS

SEPTEMBER 23, 2019

She also submitted a false tax return in 2016, omitting those funds as income. Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland.

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

Going Concern

JULY 8, 2024

.” For founders, regardless of whether they use a big four auditor, an independent firm, or an automated DIY solution, this headache will not affect tax season, says Richmond. “You’ll have no issue finding someone to do your tax return,” he explains.

audit 59

audit Account accountant accounted 59

TaxConnex

SEPTEMBER 30, 2021

Missing a filing deadline or making a serious (repeated or obviously intentional) error on your return typically exposes your company to penalties and interest from a tax jurisdiction – similar to what happens with a bad filing of tax returns with the Internal Revenue Service. The same holds true, more or less, for Texas.

Sales 246

Sales Tax Maryland tax return 246

Going Concern

AUGUST 25, 2023

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! “It gives them, at least, a good base to start with,” said Tracy Grosskreutz, partner at Wipfli LLP, of IAS 20.

tax preparation 98

tax preparation CPA Illinois payroll tax 98

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico.

payroll 72

payroll Virginia Utah West Virginia 72

ThomsonReuters

JUNE 28, 2021

Montgomery County, Maryland: $15.00 The IRS has issued the much anticipated revised Form 941 , Employer’s Quarterly Federal Tax Return, and its instructions for used beginning with the second quarter of 2021. Alabama has announced tax filing and payment extensions to state taxpayers affected by Topical Storm Claudette.

payroll 52

payroll California income tax North Dakota 52

TaxConnex

MARCH 18, 2025

Theres always something changing in the world of tax, especially sales tax. The Maryland Tax Court has ordered both sides in Apples challenge to the states digital ad tax to spending six months in expanded discovery with expert witness testimony. Heres a review of some of the recent changes and updates.

Sales 147

Sales Tax Louisiana Illinois 147

TaxConnex

APRIL 8, 2025

The exemption doesnt necessarily apply to local sales taxes, such as those of a given parish in Louisiana, a state already infamous for its complex sales tax structure. (As As of this year, parish tax returns must include new line items for prescription drug sales.)

Sales 130

Sales Tax Vermont Alaska 130

Going Concern

APRIL 11, 2025

News Tax firm owned by Anne Arundel lawyer found liable in unjust enrichment case [ Maryland Daily Record ] An accounting firm owned by Glen Frost, the founder of one of Anne Arundel Countys largest law firms, was found liable for unjust enrichment and ordered to pay more than $680,000 after a jury trial last month.

audit 52

audit CPA Iowa North Carolina 52

ThomsonReuters

MARCH 1, 2021

The IRS has updated the draft instructions for Form 941, Employer’s Quarterly Federal Tax Return, that accompanies the draft Form 941 posted on January 29, 2021. New legislation signed by Maryland Governor Hogan is limiting unemployment tax rate calculations to include only unemployment benefits claimed by July 1, 2019.

payroll 98

payroll Virginia Tax Texas 98