ThomsonReuters

JANUARY 28, 2022

Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options. In a tight real estate market, that can be hard to find. Companies that only offer tax services have to start over each year building a brand through marketing and advertising.

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xendoo

JANUARY 12, 2022

You can use the information and the dates we provide to form a strategic plan for preparing and filing your taxes in 2022. What Is the Business Tax Filing Deadline for 2022? You may have already marked April 18, 2022, on your calendar to remind you to pay your personal income taxes.

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ThomsonReuters

MARCH 1, 2024

To the IRS, S corporations (S corps) are considered “ pass-through entities ”, which means any deductions, losses, income, credits, and profits pass through directly to shareholders, who report their share of the business’s performance on their own personal tax returns. For 2024, S corp taxes are due on March 15, 2024.

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ThomsonReuters

OCTOBER 12, 2023

Jump to: What is foreign income? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. citizens living abroad or earning income from foreign sources, questions often arise on how the U.S.

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xendoo

JULY 6, 2023

However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns? An IRS audit doesn’t necessarily mean something is wrong with your tax return.

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xendoo

JULY 6, 2023

However, businesses tend to have more complex tax returns, so auditing is a concern. Typically, the IRS only goes back to audit tax returns that you’ve filed within the last three years. How far back can the IRS audit tax returns? An IRS audit doesn’t necessarily mean something is wrong with your tax return.

audit 52

audit tax return Entertainment income tax 52

ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. It is filed with their annual federal income tax return if they meet certain criteria. Report foreign income. tax return.

Real Estate 40

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Burnell did not report any of the money he received from victims in 2011 or 2012 on his income tax returns.

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Tax tax return Gambling tax preparation 62

inDinero Tax Tips

MARCH 2, 2023

Therefore, crypto is subject to capital gains taxation, just like other capital assets such as equities, real estate, and bonds. That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Do You have to pay taxes on cryptocurrency gains?

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Going Concern

FEBRUARY 16, 2024

Detroit woman accused of being unlicensed real estate agent, CPA charged [ The Detroit News ] A Detroit woman accused of working as an unlicensed accountant and an unlicensed real estate agent has been charged, the Michigan Attorney General’s Office said. I’m a professional tax preparer.”

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ThomsonReuters

NOVEMBER 15, 2023

IRS rules for charitable contributions How much do charitable donations reduce taxes? Helping clients with charitable contribution deductions on their tax return Giving generously to causes we support not only enriches our communities, but it can also come with potential tax benefits. Itemized deductions.

Account 52

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LyfeAccounting

AUGUST 10, 2021

Not to invest in stock markets, real estate, or your business. . But no, literally, just to pay taxes to the government. By the way, speaking of stock and real estate, we have another post that discusses which is the better investment – stocks vs real estate investing. Or how about real estate?

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Real Estate Tax tax return tax preparation 52

xendoo

NOVEMBER 23, 2020

Are you claiming all the income tax deductions you’re entitled to? Deduct insurance premiums on the company’s real estate holdings and equipment. Real Estate Taxes. Any real estate taxes you pay to your state, city, and even another country are deductible. Home Office.

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inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Our CPAs Answer Your Top 5 Burning Tax Questions.

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Nancy McClelland, LLC

DECEMBER 26, 2023

3) You may need to reconcile this form against the amount of sales income you report on your tax return. The IRS is now planning a phase-in of $5,000 for tax year 2024. If the 1099-K is for an amount that is lower than what’s on the income section of the Profit & Loss, it’s not likely to be an issue.

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Nancy McClelland, LLC

DECEMBER 26, 2023

3) You may need to reconcile this form against the amount of sales income you report on your tax return. The IRS is now planning a phase-in of $5,000 for tax year 2024. If the 1099-K is for an amount that is lower than what’s on the income section of the Profit & Loss, it’s not likely to be an issue.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

LyfeAccounting

MARCH 10, 2021

5 Things You Should Know About Tax Penalties. Common IRS Tax Penalties and How You Get Penalized. Failing to file a tax return on time. Well, the deadline for filing your federal income tax return and paying any tax you OWE is April 15th (or usually the next business day if April 15th falls on a weekend).

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MyIRSRelief

NOVEMBER 19, 2021

That’s why so many people choose to hire a tax preparer/ EA, Attorney, CPA, they don’t want the hassle of doing it themselves, and they trust an expert to handle their business. Tax credits to look out for. Earned Income Tax Credit (EITC). Small-business tax credits.

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Snyder

JANUARY 3, 2023

Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. There are 5 major types of accounts and they comprise assets, liabilities, income, expenses, and equity. Reconcile and close your books.

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