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The US Attorney’s Office of Middle District of Tennessee put out this press release the other day, just your everyday average fraud accusation. JBS had office locations in Fairview and Nashville, Tennessee. JBS was a sole proprietorship, and Jerkins controlled its bank accounts. It is currently active until 2026.
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. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.
The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 26 in Tennessee. 22, 2024, in Alabama; Sept. 23 in Florida; Sept.
Allegations include stealing identities of accountants, taxpreparers, and taxpayers. On March 7, a federal grand jury in Austin, Texas, returned an indictment charging seven individuals with conspiracy to commit mail and wire fraud and other crimes arising out of their scheme to defraud the IRS using stolen identities.
The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.
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 taxreturns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial taxpreparation software.
Today, he is Brand Ambassador, helping shape the future and growth of one of the largest professional tax software companies in the nation. John holds a Bachelor of Science in Accounting from Oral Roberts University and an Executive MBA from the University of Tennessee, and he has been a certified public accountant since 1989.
That means you must disclose any cryptocurrency trading activity conducted over the past year on your taxreturn. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their taxreturns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?
Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect taxpreparers and payers in the upcoming season. As a CPA, John has considerable experience in public and private accounting for the technology industry.
The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes. This move, effective Nov.
That means you must disclose any cryptocurrency trading activity conducted over the past year on your taxreturn. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their taxreturns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?
What is the Deadline for the Florida Business Tax Extension? Different deadlines apply for federal and state taxes. Below are the deadlines for Florida’s state tax extension and the federal tax extension. . State Tax Extension. Tennessee Street. What Happens if I Don’t Pay My Taxes?
Speaking of losses, if your S-Corp loses money, those losses are then deductible on your personal income returns. As an example, if you are the sole owner of an S-Corp, and the business suffered a loss of $10,000, you would be able to take a $10,000 deduction on your taxreturn , meaning the loss can offset any other income that you received.
After several weeks of testing , the IRS said on Tuesday that eligible taxpayers in 12 states can now use its new Direct File service to submit their taxreturns online for free directly with the agency. This includes 5.2 million in California, 3.8 million in Texas, 2.8 million in New York, 2.4 million in Florida, and 1.1
He furthered his education at the University of Tennessee at Knoxville and was a member of the UT Pride of the Southland Marching Band. Based on court documents, Early was a “ghost preparer,” who falsely inflated her clients’ income to maximize the Earned Income Tax Credit and falsely claimed education-related credits on their behalf.
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