MyIRSRelief

NOVEMBER 1, 2024

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

tax preparation 130

tax preparation tax planning corporation tax Tax 130

CPA Practice

JULY 17, 2024

Hubbert of the Justice Department’s Tax Division made the announcement. Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers. The IRS has information on its website for choosing a tax return preparer and has launched a free directory of federal tax preparers.

tax preparation 111

tax preparation New York tax return Tax 111

Summit CPA

MARCH 7, 2024

While the IRS encourages non-credentialed tax preparers to increase their knowledge through continuing education, doing so is optional. A PTIN authorizes the holder to do one specific thing: prepare taxes for compensation.

tax preparation 102

tax preparation CPA Tax Education 102

Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

tax preparation 128

tax preparation Tax 128

CPA Practice

DECEMBER 3, 2024

27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime. Crawford is not representative of most tax preparers who provide honest services to their clients. Staff reports The Albany Herald, Ga.

tax preparation 97

tax preparation Georgia tax return Tax 97

Accounting Today

JUNE 26, 2024

An influential advisory committee to the Internal Revenue Service is asking Congress to regulate noncredentialed tax preparers and boost funding for the IRS and the National Taxpayer Advocate.

tax preparation 92

tax preparation Tax 92

Insightful Accountant

APRIL 24, 2024

While rare, tax preparers must disclose reportable transactions on most returns. Understanding which transactions require disclosure is crucial for all preparers to ensure compliance.

tax preparation 103

tax preparation Tax 103

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

tax preparation 115

tax preparation New Jersey tax return Tax 115

CPA Practice

JANUARY 26, 2024

According to court documents and statements made in court related to the tax scheme, Iona Coates owned and operated Bits & Bytes Accounting Services Inc., which provided tax preparation and bookkeeping services.

Florida 109

Florida tax preparation Tax tax return 109

ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

tax preparation 105

tax preparation Tax tax return payroll 105

Canopy Accounting

FEBRUARY 25, 2024

Your clients count on you to handle their tax issues, and you’ve earned that trust through transparency, customer service, and demonstrating your expertise. When preparing a client’s tax return , you must exercise due diligence and good faith, all while staying up-to-date on all IRS policies and guidelines.

tax preparation 98

tax preparation Tax tax return 98

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how?

South Dakota 246

South Dakota Sales West Virginia Tax 246

CPA Practice

OCTOBER 17, 2024

TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts.

tax preparation 119

tax preparation cpas CPA quickbooks 119

Accounting Today

OCTOBER 24, 2023

The service began allowing nearly 800,000 tax preparers to renew their Preparer Tax Identification Numbers for next year.

tax preparation 136

tax preparation Tax 136

MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service.

tax services 147

tax services California Tax tax preparation 147

MyIRSRelief

FEBRUARY 8, 2023

Tax Preparation, Tax Planning, and Tax Representation: Understanding the Importance of Professional Assistance Tax preparation, tax planning, and tax representation are all crucial components of managing your finances and ensuring that you meet your tax obligations.

tax services 130

tax services Tax tax preparation tax planning 130

MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California 130

California tax services business tax Tax 130

TaxConnex

JUNE 15, 2021

when I check the box to approve your tax preparations? Is there a dedicated sales tax professional that I can speak with as needed? If there’s an error or late payment due to your error, ?will will you pay the penalties and interest, or will I? How much liability am I actually signing up for ?when

Sales 246

Sales Tax audit tax preparation 246

Accounting Today

MARCH 27, 2024

Are the days of the tax preparer who focuses on basic 1040s numbered? Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species?

tax preparation 130

tax preparation bookkeeping payroll Tax 130

Accounting Today

APRIL 24, 2024

Turns out clients are as mistaken about tax preparers as they are about taxes.

Tax 106

Tax tax preparation 106

CPA Practice

DECEMBER 7, 2024

There will soon be a new professional tax preparation system available, with options for e-filing returns for forms 1040, 1041, 1120, 1120S and 1065s. These are the most common annual tax returns, representing individuals, estates, corporations, and partnerships.

tax preparation 109

tax preparation Tax tax return Technology 109

Accounting Today

AUGUST 9, 2024

The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation.

Connecticut 126

Connecticut Tax tax preparation income tax 126

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

tax planning 138

tax planning Tax tax preparation 138

CPA Practice

APRIL 11, 2024

“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. Hubbert of the Justice Department’s Tax Division. “If Over the last year, the Tax Division has worked with U.S.

tax return 116

tax return Tax tax preparation Florida 116

Accounting Today

JANUARY 25, 2024

The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.

Tax 124

Tax tax preparation Technology 124

TaxConnex

MAY 7, 2024

New Jersey has begun a multi-phased modernization of its tax-filing system. In early 2025, sales and use tax filers and tax preparers will have a new self-service portal that aims to provide more control over taxpayer’s own accounts, providing faster access, easier filing and better assistance with tax account information.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

MyIRSRelief

OCTOBER 11, 2024

This article will delve into the various tax services offered by Enrolled Agents, including personal tax preparation, business tax preparation, personal tax planning, business tax planning, IRS and state tax audit representation, back tax help and resolution, and 941 payroll tax problem resolution.

tax services 130

tax services payroll tax Tax tax preparation 130

Going Concern

JANUARY 25, 2024

[link] — Hatfield's Mama CPA (@HatfieldsMama) January 23, 2024 Advice column: My Tax Preparer Just Raised Her Fees — What Should I do? Oblivious Investor My tax guy just told me he’s going to be charging about 40% more this year for our return, relative to what he charged for the last several years. What should I do?

cpas 124

cpas tax return tax preparation CPA 124

CPA Practice

MARCH 19, 2024

The top 10 most in-demand skills for accounting (and consulting) are: Accounting Bookkeeping Recruiting and talent sourcing Financial analysis and modeling Management consulting HR administration Instructional design Business analysis and strategy Tax preparation Financial management/CFO The top three fastest-growing skills for accounting (and consulting) (..)

bookkeeping 136

bookkeeping tax preparation Management Consulting corporate accounting 136

MyIRSRelief

SEPTEMBER 6, 2024

How Our Representation Tax Firm Can Assist Expert Tax Preparation and Filing Our representation tax firm specializes in providing expert tax preparation and filing services for small businesses and self-employed individuals. These statements are also essential for tax preparation and compliance.

Tax 130

Tax tax return bookkeeping tax preparation 130

Insightful Accountant

FEBRUARY 8, 2024

Starting this month, the Tax Tab in QuickBooks Online customer files, including your own subscription clients, is asking about their 'tax preparation' method.

quickbooks 104

quickbooks Tax tax preparation 104

TaxConnex

APRIL 20, 2021

This time of year, everybody’s mind is on income tax preparation. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. They turn to experts.

Sales 214

Sales Tax tax return income tax 214

CPA Practice

OCTOBER 29, 2024

Streamline Tax Preparation One area where AI can really shine is in tax preparation. From analyzing financial data to identifying tax deductions, artificial intelligence can streamline your processes in many ways. Help prepare tax returns.

accounting firms 111

accounting firms Account accountant accounted 111

Going Concern

APRIL 20, 2024

We observed many of them raising prices, implementing thorough onboarding procedures that would immediately eliminate the pain in the ass clients who can’t fill out basic paperwork in a timely manner, and best of all (for them, not the clients), tax preparers across the board were turning away clients left and right.

Tax 110

Tax tax preparation cpas Account 110

MyIRSRelief

JUNE 23, 2023

Unraveling the Tax Services of Enrolled Agents Enrolled Agents offer a wide range of tax services tailored to meet the needs of their individual & business clients. b) Tax Planning: Enrolled Agents provide strategic tax planning advice to minimize tax liability and optimize financial outcomes.

Tax 130

Tax tax preparation tax return audit 130

Withum

OCTOBER 3, 2024

Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is? Per the IRS website , disaster relief applies to the clients of tax preparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

Insightful Accountant

NOVEMBER 21, 2023

It's a way to 'ledger' client data, validate it, and pass it on for tax preparation. Intuit has found a new way to incorporate more client data into the QuickBooks ecosystem even when the client doesn't subscribe to it. QuickBooks Ledger.

quickbooks 111

quickbooks tax preparation Tax 111