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Federal Court Shuts Down New York Tax Preparer

CPA Practice

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer. 5, Jacob pleaded guilty to aiding and assisting in the preparation of a false tax return. 1, 2019, to the present.

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Feds Cracking Down on Unlawful Tax Return Preparers

CPA Practice

Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. 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.

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

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IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

CPA Practice

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. Supporters of the idea have said the option would make tax return services more equitable and accessible for all Americans.

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IRS Direct File Launches for Low-Income Taxpayers in 12 States

CPA Practice

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial tax preparation software.

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What to Know About the TaxAct Class Action Settlement

CPA Practice

Taylor, Kiplinger Consumer News Service (TNS) A class action settlement involving the popular online tax preparation service, TaxAct, is underway. This legal settlement involves users of TaxAct’s online federal tax filing service between two and six years ago. By Kelley R. The total settlement amount is about $14.95

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How the Accountant Shortage Is Rippling Through the Startup World

CPA Practice

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. Firms are struggling to get through just the basic workload they have.”

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