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This article will delve into the various tax services offered by Enrolled Agents, including personal taxpreparation, business taxpreparation, personal tax planning, business tax planning, IRS and state tax audit representation, back tax help and resolution, and 941 payroll tax problem resolution.
The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online taxpreparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.
But what about when death and taxes coincide, such as when someone dies during the year and has a tax filing obligation? Unfortunately, when someone is deceased, the decedent’s personal representative is generally required to file any final taxreturns for the deceased person. The online tool, (i.e., “How
Taxpayers in nine other states without an income tax—Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming—are also eligible to participate in the pilot program. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.
4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business taxreturns and make tax payments, according to a news release from the IRS. (TNS) Oct. Taxpayers now have until Feb.
TNS) A Kennewick taxpreparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing taxreturns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. By Annette Cary, Tri-City Herald, Kennewick, Wash.
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.
Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your taxpreparation fees and claiming unclaimed funds. There is also a third category for people that own businesses.
An Indiana woman pleaded guilty in federal court last Friday in the District of Columbia to conspiring to file false taxreturns and related charges. According to court documents and statements made in court, Awett Tedla of Indianapolis was the owner and operator of Speedy Tax Services, L.L.C., and District Heights, Maryland.
The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online taxpreparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.
The Department of Justice recently arrested a New Jersey taxpreparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.
This FAQ dives into the common tax pitfalls nonprofits face, explores the power of enrolled agents (EAs) as your tax superheroes, and equips you with the knowledge to keep your organization financially healthy, taxpreparation & planning and compliance. Q: My nonprofit is tax-exempt. A : Not quite!
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?
In an effort to resolve tens of thousands of outstanding tax bills, some dating back to 1993, the city of San Francisco has recently sent out a round of notices to people who owe some long-overdue taxes — and some of these bills may seem ridiculous. A 53-year-old resident of Graham, Washington, pleaded guilty yesterday in U.S.
They can advise on maximizing retirement contributions, choosing the most advantageous business entity, and implementing investment options that minimize your overall tax burden on forms like 1120, 1120S, and 1065. Time Efficiency: Taxpreparation and research are notorious time-sinks.
“The Security Summit plays a key role in protecting federal and state tax filings from identity thieves. Their work continues to strengthen our systems against fraudulent taxreturns,” said IRS Commissioner Danny Werfel. Tax professionals also form a critical part of our defenses. San Diego and Orlando.
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?
By David Lightman, McClatchy Washington Bureau (TNS) It’s been easier this year to get in touch with someone at the Internal Revenue Service. In Washington, the finding was the same—thanks to improved staffing and training, IRS service is getting better and there’s new optimism it can get stronger in the years ahead.
3, 2025, to file various federal individual and business taxreturns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred from July 5, 2024, through Feb. Quarterly estimated income tax payments normally due on Sept. 16, 2024, and Jan. 31, 2024, and Jan.
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. million in Washington. This includes 5.2 million in California, 3.8 million in Texas, 2.8 million in New York, 2.4
By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has announced tax relief for taxpayers impacted by the Oct. 16 tax deadline for those who requested a federal filing extension for last year’s taxes. 7, 2024, to file these returns. 7, 2024 to file 2022 federal taxreturns.
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