CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

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CPA Practice

JANUARY 3, 2024

It does not cover all tax changes in any or every state. Gas tax and food tax Oregon and Utah are two states that have shifts in gas tax rates for 2024. Oregon’s gas tax increased to 40 cents as of Jan. with the highest gas taxes. Utah ’ s gas tax climbed to 36.5

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CPA Practice

MARCH 13, 2024

Dan Rotta, who lives in Aventura, is accused of hiding more than $20 million in assets in 24 secret accounts at five Swiss banks, including UBS and Credit Suisse, and failing to report substantial income from these holdings on his tax returns, according to a criminal complaint filed by Justice Department prosecutors.

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Anders CPA

SEPTEMBER 28, 2022

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

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CPA Practice

APRIL 19, 2024

Utah will likely do the same in 2025. Remit sales tax to the proper tax authority Once sales tax has been collected as required, it must be remitted on time with a sales tax return to the proper tax authority. Wyoming is dropping its transaction threshold as of July 1, 2024.

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ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico.

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CPA Practice

APRIL 10, 2023

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

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inDinero Tax Tips

APRIL 26, 2023

S-corps can save on taxes because their taxable income is taxed only once. The owners of an S corp report income or losses on their personal tax returns, which are taxed at individual tax rates, not corporate rates. Be sure to consult this chart to determine the correct destination for your submission.

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