MyIRSRelief

OCTOBER 11, 2024

Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Personal Tax Preparation Personal tax preparation is one of the most common services provided by Enrolled Agents. This service involves preparing and filing individual tax returns, ensuring that all income, deductions, and credits are accurately reported.

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tax services payroll tax Tax tax preparation 130

TaxConnex

DECEMBER 7, 2021

Rolling the dice with sales tax compliance can backfire in a big way. Keep reading to see some recent sales tax missteps that had big costs. Tax air-or. New York: A Long Island provider of self-service, coin-operated air machines to inflate car tires has been socked with a $4.25

Alabama 246

Alabama New York tax return Sales 246

TaxConnex

DECEMBER 12, 2023

Most states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. And in a case similar to one that might have involved sales tax, the president of a corporation was properly held liable for the corporation’s unpaid Ohio personal withholding taxes.

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Sales Tax Ohio Georgia 263

TaxConnex

APRIL 30, 2024

A: States always think a tax-revenue avenue is a good idea. Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. As they begin to roll out these fees, states are taking lessons from Colorado – but as with everything about sales tax, details vary by state.

Minnesota 264

Minnesota Retail Colorado Tax 264

CPA Practice

AUGUST 6, 2024

TNS) More than 1 million New York families will begin receiving child tax credit checks this week. The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year. Filers are eligible for the credits if they have children under age 17 and qualify for the federal child tax credit.

New York 95

New York Tax tax return Government 95

TaxConnex

DECEMBER 10, 2020

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. Just ask Fiorella’s Landscaping in western New York. area company must pay back more than $95,000 after pocketing sales tax money owed to the state, according to authorities.

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Sales Tax Ohio Nebraska 240

Withum

SEPTEMBER 2, 2022

New York City’s tax code was amended on August 31, 2022, to harmonize a number of the City’s provisions with New York State. New York City Corporate Economic Nexus. This legislation does not apply to New York City Unincorporated Business Tax or General Corporation Tax.

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New York Tax tax return corporation tax 83

Accounting Today

MARCH 7, 2024

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

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New York Tax income tax tax return 75

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. A free, government-run, online tax-filing system for taxpayers has been talked about as a possibility for many years.

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tax return Tax South Dakota tax preparation 116

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. 9, 2023, will be abated as long as the tax deposits were made by Jan.

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New York Tax tax return income tax 105

TaxConnex

JANUARY 11, 2024

TikTok has told The New York Times that it has already signed up 200,000 sellers to Shop and that more than 100,000 creators could make videos and livestream with shopping buttons. Can you depend on Shop’s calculation of sales tax? Is TikTok Shop a marketplace or eCommerce platform?

Sales 264

Sales Tax Utah tax return 264

Accounting Today

OCTOBER 14, 2022

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tax return 98

tax return Tax New York income tax 98

Shay CPA

JULY 26, 2023

An Overview of START-UP NY, QETC, and Life Sciences R&D Tax Credit Program New York has long been a global hub for finance, fashion, and food. A QETC is defined as a company located in New York State with total annual product sales of $10 million or less. The credit is available for three consecutive years.

New York 52

New York Technology income tax Real Estate 52

TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Industry observers look for New York, Ohio and New Jersey to soon intensify enforcement. Get to work on this first and fast.

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audit Sales Tax auditor 244

TaxConnex

AUGUST 1, 2023

Where was the sale made (and did it incur sales tax based on destination or origin )? When was the return made? What was returned? What extra charges were involved in the return? Have you already filed your sales tax return based on the original amount of sales tax charged?

Sales 130

Sales Rhode Island Tax Michigan 130

TaxConnex

JULY 15, 2021

percent sales tax created three years ago to address a budget crisis, has been sent to the governor for executive approval. Maryland is offering a vendor credit of up to $3,000 on sales tax returns for the months of March, April and May 2021. Previously, New Mexico was an origin-based sourcing state.

Sales 219

Sales Tax Louisiana North Carolina 219

CPA Practice

DECEMBER 19, 2023

The start of a month typically brings some number of tax-related changes. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County.

South Carolina 111

South Carolina Tax Florida tax return 111

CPA Practice

APRIL 7, 2023

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.

tax preparation 132

tax preparation Tax tax return income tax 132

CPA Practice

AUGUST 2, 2024

ITEP estimated tax payments including sales and excise taxes, property taxes paid directly or on taxes folded into rent payments, and payroll taxes, which are paid either through paycheck withholding or filing income tax returns.

Tax 119

Tax payroll tax New York California 119

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

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

CPA Practice

JULY 26, 2024

By Karin Price Mueller, nj.com (TNS) New Jersey residents will have a new way to file their federal tax returns when it’s time to file for 2024, the IRS and state officials said Wednesday. The program will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it’s in.

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New Jersey tax return income tax Tax 105

CPA Practice

APRIL 29, 2024

Wrestling with sky-high tax season burnout and subpar work-life balance. During the Intuit Accountants “Better Together” event in New York City, the Intuit ProTax Group brought together tax professionals and industry thought leaders. It’s a natural progression to go from QuickBooks to ProConnect Tax.”

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Tax Technology tax return bookkeeping 124

TaxConnex

SEPTEMBER 28, 2023

You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses. New York calls theirs a “sales tax certificate of authority.” When did you start doing business in the state?

Sales 147

Sales Tax West Virginia North Dakota 147

Katz,Sapper&Miller

JULY 25, 2018

Businesses subject to New York City’s Commercial Rent Tax (CRT) will now be able to claim the new CRT credit on their June 1, 2018–May 31, 2019 tax return.

New York 40

New York Tax tax return 40

MyIRSRelief

MARCH 1, 2025

Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. Our tax representation firm is here to provide you with expert assistance, reliable solutions, and the peace of mind you deserve.

Tax 130

Tax tax return audit payroll 130

CPA Practice

OCTOBER 4, 2024

State and eligibility expansion For the 2025 tax filing season, eligible taxpayers in 24 states will be able to use Direct File: 12 states that were part of the pilot last year, plus 12 new states where Direct File will be available in the upcoming filing season.

Alaska 126

Alaska South Dakota North Carolina tax return 126

TaxConnex

AUGUST 22, 2024

In New York , the one-time director of finance – and supposedly responsible party – of a NYC ice cream shop escaped liability for failing sales tax obligations by blaming a parent company. Conduits, ducts and other devices for containing or carrying conductors for electricity transmission are also exempt.

Sales 147

Sales Tennessee Illinois Tax 147

MyIRSRelief

AUGUST 2, 2024

They must withhold federal income tax, Social Security, and Medicare taxes from employees’ wages and pay the employer’s share of these taxes. Additionally, businesses must file employment tax returns and make timely deposits. Ensure that your tax returns accurately reflect these limitations.

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audit Tax Nevada Colorado 130

CPA Practice

AUGUST 21, 2023

They are taxed on their income but can’t write off most of their business expenses. Section 280E of the federal tax code bars marijuana firms from claiming business expenses on their federal tax return other than for their cost of goods sold. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98

CPA Practice

JANUARY 29, 2024

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.

tax preparation 105

tax preparation South Dakota tax return Arizona 105

CPA Practice

APRIL 26, 2024

Stats the agency released today about Direct File’s results, user feedback, and costs include: 140,803 taxpayers in the 12 states involved in the pilot program—Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming—filed their federal tax returns through the new service.

South Dakota 110

South Dakota Tax New Hampshire Wyoming 110

TaxConnex

JUNE 1, 2023

So, is cancelling your sales tax registration simple? Process varies by state Cancelling can be as straightforward as writing “Final” on your sales tax return. And sometimes the deadline to file a final return is slim. New York gives you just 20 days. And do you always want to do it?

Sales 130

Sales Tax New Jersey North Carolina 130

TaxConnex

JANUARY 26, 2023

The Missouri Department of Revenue has published FAQs regarding the state’s new remote seller and marketplace facilitator use tax collection requirement. The FAQs also provide guidance for marketplace facilitators on how to register for Missouri use tax collection and how to report tax collected.

Sales 130

Sales Tax Arkansas Missouri 130

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. Contact us for professional tax help today! Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit.

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audit North Carolina Oklahoma Ohio 130

Withum

FEBRUARY 26, 2024

In this case, the entities are treated as single-member LLCs and are disregarded for tax purposes. Consequently, no partnership tax return is necessary, and the activity is reported on the sole owner’s personal tax return using Schedule C as a separate business.

Delaware 105

Delaware tax return CPA income tax 105

CPA Practice

SEPTEMBER 20, 2023

The IRS noted that these groups are not subject to the corporate income tax, but instead income is “passed through” onto the income tax returns of the individual or corporate owners and taxed at their income tax rates. Pass-throughs are frequently used by higher-income groups and can be complex tax arrangements.

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income tax Tax audit tax return 122