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How to File a Deceased Person’s Final Income Tax Return

CPA Practice

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 tax returns for the deceased person. 31, 2022, you can file a joint 2022 return.

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Feds Cracking Down on Unlawful Tax Return Preparers

CPA Practice

Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest. 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.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. Trust tax preparation can be a challenging task, even for experienced tax preparers. This can help you to avoid costly tax penalties and errors.

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

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How to Change Your Personal Tax Return After It Has Been Filed

Ronika Khanna CPA,CA

Despite your (and/or your accountants’)best efforts , occasional errors or omissions relating to your personal tax return are unavoidable. It is possible that you forgot to include a tax slip, overstated your expenses or was unaware of a specific tax credit. the new home buyer’s credit or the hybrid car tax credit.

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Form 1120: U.S. Corporation Income Tax Return

Canopy Accounting

Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes. Form 1120, the U.S. As an accountant, it is essential to have a firm grasp of this form and its implications.

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Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam

CPA Practice

23, 2024, to two years in prison for a scheme to file false tax returns, and to two years in prison for an unrelated online romance scam. According to court documents and statements made in court related to the tax scheme, Iona Coates owned and operated Bits & Bytes Accounting Services Inc.,

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