CPA Practice

OCTOBER 17, 2023

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. A free, government-run, online tax-filing system for taxpayers has been talked about as a possibility for many years.

tax return 116

tax return Tax South Dakota tax preparation 116

Going Concern

DECEMBER 30, 2022

From the Los Angeles Times today : During the years in which Trump battled disclosure, much of the information he sought to keep secret about his pre-presidential finances became public anyway, largely from a 2020 New York Times investigation. Rosenthal, a senior fellow in the Urban-Brookings Tax Policy Center.

tax return 103

tax return Tax New York Finance 103

CPA Practice

JANUARY 23, 2023

By Zoe Tillman, Bloomberg News (TNS) Former President Donald Trump has dropped a long-running court fight with Congress over access to his New York state tax returns, notifying a judge late Friday in a joint filing with a House committee that the new Republican leadership “has no interest” in the documents.

tax return 59

tax return Tax Massachusetts New York 59

CPA Practice

MARCH 24, 2023

Residents and businesses in five New York counties affected by recent winter storms now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced. 9, 2023, will be abated as long as the tax deposits were made by Jan.

New York 105

New York Tax tax return income tax 105

TaxConnex

APRIL 30, 2024

A: States always think a tax-revenue avenue is a good idea. Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. As they begin to roll out these fees, states are taking lessons from Colorado – but as with everything about sales tax, details vary by state.

Minnesota 221

Minnesota Colorado Retail Tax 221

TaxConnex

DECEMBER 12, 2023

Most states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. And in a case similar to one that might have involved sales tax, the president of a corporation was properly held liable for the corporation’s unpaid Ohio personal withholding taxes.

Sales 193

Sales Tax Ohio Georgia 193

TaxConnex

JANUARY 19, 2023

That’s personally responsible, as many states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. Owners’ individual tax returns have occasionally been compared to those of the company for evidence of “material involvement” in the business.

Wisconsin 191

Wisconsin Georgia Texas tax return 191

CPA Practice

DECEMBER 19, 2023

The start of a month typically brings some number of tax-related changes. Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County.

South Carolina 111

South Carolina Tax Florida tax return 111

CPA Practice

APRIL 16, 2024

The White House noted that this was the 26th year the Bidens publicly disclosed their tax returns, offering an implicit contrast with former President Donald Trump.

Tax 111

Tax income tax tax return Pennsylvania 111

Going Concern

JANUARY 30, 2024

Prosecutors said Littlejohn had disclosed the tax returns of about 7,600 individuals and 600 entities. From 2018 to 2020, Littlejohn supplied New York Times and ProPublica with Trump tax documents that the media had been trying to track down for years and, while he was at it, released a bunch more.

tax return 105

tax return Tax income tax New York 105

CPA Practice

MARCH 12, 2024

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 tax returns online for free directly with the agency. million in New York, 2.4 This includes 5.2 million in California, 3.8 million in Texas, 2.8

South Dakota 109

South Dakota income tax tax return Arizona 109

TaxConnex

AUGUST 1, 2023

Where was the sale made (and did it incur sales tax based on destination or origin )? When was the return made? What was returned? What extra charges were involved in the return? Have you already filed your sales tax return based on the original amount of sales tax charged?

Sales 130

Sales Rhode Island Tax Michigan 130

CPA Practice

APRIL 29, 2024

Wrestling with sky-high tax season burnout and subpar work-life balance. During the Intuit Accountants “Better Together” event in New York City, the Intuit ProTax Group brought together tax professionals and industry thought leaders. It’s a natural progression to go from QuickBooks to ProConnect Tax.”

Tax 125

Tax tax return Technology bookkeeping 125

Katz,Sapper&Miller

JULY 25, 2018

Businesses subject to New York City’s Commercial Rent Tax (CRT) will now be able to claim the new CRT credit on their June 1, 2018–May 31, 2019 tax return.

New York 40

New York Tax tax return 40

Going Concern

MARCH 22, 2023

On March 20, New York Attorney General Letitia James filed a motion to compel (aka “gonna need the court to make someone do something thx”) Whitley Penn to hand over documents and communications relating to her civil fraud case against their client Donald Trump, three of his adult children, and the Trump Organization.

New York 109

New York South Carolina Texas CPA 109

TaxConnex

JANUARY 11, 2024

TikTok has told The New York Times that it has already signed up 200,000 sellers to Shop and that more than 100,000 creators could make videos and livestream with shopping buttons. Can you depend on Shop’s calculation of sales tax? Is TikTok Shop a marketplace or eCommerce platform?

Sales 200

Sales Tax Utah tax return 200

TaxConnex

DECEMBER 7, 2021

Rolling the dice with sales tax compliance can backfire in a big way. Keep reading to see some recent sales tax missteps that had big costs. Tax air-or. New York: A Long Island provider of self-service, coin-operated air machines to inflate car tires has been socked with a $4.25

Alabama 187

Alabama tax return New York Tax 187

CPA Practice

OCTOBER 12, 2023

A former contract worker for the Internal Revenue Service plead guilty on Thursday to improperly accessing and stealing the private tax return and financial information of former President Donald Trump in 2019 and 2020, and then leaking that information to media outlets.

Tax 122

Tax tax return New York income tax 122

Accounting Today

OCTOBER 14, 2022

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tax return 98

tax return Tax New York income tax 98

CPA Practice

JANUARY 29, 2024

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 tax returns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial tax preparation software.

tax preparation 106

tax preparation tax return South Dakota Arizona 106

CPA Practice

APRIL 7, 2023

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.

tax preparation 132

tax preparation Tax tax return income tax 132

CPA Practice

JANUARY 29, 2024

By Sabrina Willmer and David Voreacos, Bloomberg News (TNS) A former Internal Revenue Service contractor who stole and leaked the tax returns of former President Donald Trump, Ken Griffin, Elon Musk and other billionaires was sentenced to five years in prison. Charles Littlejohn, 38, had pleaded guilty Oct.

Tax 116

Tax income tax tax return New York 116

CPA Practice

APRIL 26, 2024

Stats the agency released today about Direct File’s results, user feedback, and costs include: 140,803 taxpayers in the 12 states involved in the pilot program—Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming—filed their federal tax returns through the new service.

South Dakota 111

South Dakota Tax New Hampshire Wyoming 111

CPA Practice

APRIL 21, 2023

By Theresa Braine, New York Daily News (TNS) Death and taxes may both still be inevitable, but waiting to talk to the IRS soon won’t be, the agency claims. This year’s tax filing deadline is Tuesday. In addition, it cleared its 2022 tax return backlog even as it digitized 80 times more paper forms than last year.

New York 106

New York tax return Tax Technology 106

CPA Practice

APRIL 18, 2023

By Theresa Braine, New York Daily News (TNS) Death and taxes may both still be inevitable, but waiting to talk to the IRS soon won’t be, the agency claims. This year’s tax filing deadline is Tuesday. In addition, it cleared its 2022 tax return backlog even as it digitized 80 times more paper forms than last year.

New York 106

New York tax return Tax Technology 106

Withum

FEBRUARY 26, 2024

In this case, the entities are treated as single-member LLCs and are disregarded for tax purposes. Consequently, no partnership tax return is necessary, and the activity is reported on the sole owner’s personal tax return using Schedule C as a separate business.

Delaware 105

Delaware tax return CPA income tax 105

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

AUGUST 21, 2023

They are taxed on their income but can’t write off most of their business expenses. Section 280E of the federal tax code bars marijuana firms from claiming business expenses on their federal tax return other than for their cost of goods sold. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98

TaxConnex

SEPTEMBER 28, 2023

You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses. New York calls theirs a “sales tax certificate of authority.” When did you start doing business in the state?

Sales 147

Sales Tax West Virginia North Dakota 147

CPA Practice

FEBRUARY 11, 2023

The IRS has determined that in the interest of sound tax administration and other factors, taxpayers in many states will not need to report these payments on their 2022 tax returns. During a review, the IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

CPA Practice

MAY 28, 2024

Ten million people used TurboTax for free this year to file their taxes, a drop of about 1 million from a year ago, the Mountain View, California-based software developer said. at the close Friday in New York, the biggest single-day decline since May 5, 2022. It also lost market share with low-paying customers. to $606.99

Tax 52

Tax quickbooks tax return accounting and finance 52

CPA Practice

JANUARY 19, 2024

By David Voreacos, Bloomberg News (TNS) The former IRS contractor who admitted stealing and leaking the tax returns of former President Donald Trump and other billionaires acted out of a “deep, moral belief” that Americans had a right to the information, his lawyers told a judge. Charles Littlejohn, 38, pleaded guilty Oct.

Tax 95

Tax income tax tax return New York 95

Going Concern

NOVEMBER 22, 2023

of New York (#278, revenue of $16,244,850) has finally had enough of 79-year-old Rudy Giuliani allegedly dodging their bill and is now suing him for $25,000 in Albany state Supreme Court. in federal taxes they say he owes for 2021 though his spokesperson claims there’s a conspiracy related to his drama with President Biden. .

New York 99

New York Georgia Legal Florida 99

TaxConnex

SEPTEMBER 30, 2021

Missing a filing deadline or making a serious (repeated or obviously intentional) error on your return typically exposes your company to penalties and interest from a tax jurisdiction – similar to what happens with a bad filing of tax returns with the Internal Revenue Service.

Sales 178

Sales Tax Maryland tax return 178

CPA Practice

MARCH 4, 2024

Taxpayers can now learn if they’re eligible to use the Direct File pilot program to file their 2023 tax return on the IRS website , which contains an easy step-by-step guide to help walk them through the process.

South Dakota 65

South Dakota New Hampshire Wyoming Nevada 65

CPA Practice

APRIL 19, 2023

By Evan Rosen, New York Daily News (TNS) The White House released President Biden’s tax returns on Tuesday, showing he and the first lady recorded an income of about $580,000 in 2022, just below their total from 2021. The release came Tuesday, the deadline for Americans to file their taxes with the IRS.

income tax 52

income tax Tax Virginia Delaware 52

CPA Practice

APRIL 11, 2024

By Jean Ross, InsideSources.com (TNS) If there’s one thing we should be able to agree upon, it’s that everyone should pay the taxes they owe without having to pay for the privilege of doing so. This year, for the first time, residents of 12 states who file simple tax returns can file online for free using the IRS’s new Direct File portal.

Tax 52

Tax tax return income tax Arizona 52