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Tax Season to Start January 29, 2024

CPA Practice

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing tax returns until Jan. The agency expects more than 128.7

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Online Account.

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Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

In the past, although all business owners were required to report their earnings on their Federal Tax Returns , only those who received payments of $20,000 or more through payment apps also reported their earnings using Form 1099-K. The good news is that this does not mean that business owners now owe additional taxes.

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). Choosing a corporate tax structure can be an advantage for high-income-earning LLC members.

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). Choosing a corporate tax structure can be an advantage for high-income-earning LLC members.

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Why You Should Hire an Experienced Florida Accountant

xendoo

You simply might not be able to give your books the time and attention you need—a problem that can snowball out of control and leave you with a disaster once tax season approaches. There are many online accounting services available. What about an eCommerce business? This is where Xendoo can be especially helpful.

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It’s Official! Tax Season Starts Jan 27, 2025 — Here’s What You Need To Know

Nancy McClelland, LLC

Once you have submitted your return, you can use the agencys Wheres My Refund tool to check the status. If you do not file a tax return for three years after the due date, the IRS will no longer issue a refund. Go to IRS.gov/VITA or call 800-906-9887. Want to volunteer ? Check out IRS.gov/TCE for more information.

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