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Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 31, 2023, to file. 15, 2023, to file. 24, 2024, to file various individual and business tax returns.

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Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 31, 2023, to file. 15, 2023, to file. 24, 2024, to file various individual and business tax returns.

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Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency

CPA Practice

Collins released her 2023 Annual Report to Congress on January 10, describing 2023 as a year of “extraordinary transition for the IRS and therefore for taxpayers.” The areas in which taxpayers continued to experience delays were primarily those that required employees to process tax returns and taxpayer correspondence.”

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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. Recently, that rule was changed and will affect a larger pool of business owners going forward.

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Intuit Integrates Its TurboTax System into Credit Karma and QuickBooks Online

CPA Practice

the technology company that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , has integrated TurboTax into Credit Karma and QuickBooks Online, allowing customers to prepare and file their 2023 taxes within those programs’ interfaces. The tax experts can also help uncover tax deductions to minimize tax burdens.

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Guidance on Filing the RL1 Summary and CNESST Salary Declarations

Ronika Khanna CPA,CA

Box 29 then requires the NAICS code that relates to the business which can usually be found on the corporate tax return Salary and wages subject to the QHSF (FSS) contribution Box 30 requires the gross payroll amount QHSF Contribution Rate on box 36 is the QHSF rate that applies to the business which is 1.65

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