CPA Practice

JULY 14, 2025

As national managing principal of tax, Becker leads the strategy and operations of BDO USA’s tax practice , which has more than doubled in size since 2019. He joined BDO in 2002, became a tax partner in 2005, and assumed the role of national managing principal in 2019.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

CPA Practice

DECEMBER 11, 2024

Account owners should file Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts , with their federal tax return for the year the full amount of the RMD was required but not taken.

tax return 85

tax return income tax Tax accountant 85

Accounting Today

JULY 10, 2025

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" Brown had clients pay him a 10% fee of each refund.

Tax 75

Tax tax preparation income tax Technology 75

Accounting Today

JULY 21, 2025

Most of the companys income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid. IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018.

Rhode Island 89

Rhode Island Tax tax preparation Technology 89

CPA Practice

JUNE 26, 2025

Therabody’s tax filing obligations in the US suddenly jumped from 8 states in 2019 to 32 states in 2020. Registering for VAT in multiple countries required navigating different tax structures, reporting requirements, and fluctuating rates. As a result of South Dakota v. Wayfair, Inc. jurisdictions.

Technology 75

Technology Tax South Dakota NetSuite 75

Accounting Today

JUNE 26, 2025

During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. The company obtained some $91,750 in PPP loans.

Tax 71

Tax Technology tax preparation CPA 71

Going Concern

APRIL 11, 2025

The rule change that could blow open US law [ Financial Times ] Large accounting firms have long coveted the legal fees that lawyers in California and elsewhere receive for serving their best clients, the general counsels of 10 large law firms noted in a tetchy public letter arguing against liberalisation in Arizonas neighbour in 2019.

audit 52

audit CPA Iowa North Carolina 52

Going Concern

JULY 18, 2025

Deloitte in 2019 concluded the company doesn’t owe DramOil, resulting in $188 million in losses for the firm that has taken the accounting specialist to court. Bwosinde was sentenced to three years in prison for filing false income tax returns for his clients. Those false income tax filings led to losses that exceeded $1.5

audit 59

audit South Carolina Missouri auditor 59

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. For 2019, the credit was worth as much as $6,557.

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

APRIL 11, 2024

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 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 return 116

tax return Tax tax preparation Florida 116

CPA Practice

MARCH 21, 2024

By Dave Eisenstadter, masslive.com (TNS) A 17-year veteran of the IRS was arrested on Wednesday and charged with filing false personal tax returns for three years and underreporting about $90,000 worth of income, according to Acting U.S. Attorney Joshua Levy’s office. Attorney’s office said. Attorney’s office wrote.

tax return 98

tax return Massachusetts Tax income tax 98

CPA Practice

FEBRUARY 21, 2023

The final regulations impact filers of: Partnership returns; Corporate income tax returns; Unrelated business income tax returns; Withholding tax returns; Certain information returns; Registration statements; Disclosure statements; Notifications; Actuarial reports; and Certain excise tax returns.

tax return 130

tax return income tax Tax 130

Withum

OCTOBER 6, 2022

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. The lack of state income tax extensions for victims of Hurricane Ian may require additional compliance procedures to avoid penalties.

Government 124

Government income tax tax return Florida 124

CPA Practice

SEPTEMBER 1, 2023

The guidance is being issued as part of the IRS’s efforts to provide additional certainty to states and their residents regarding the federal income tax consequences of state payments made to taxpayers. Most taxpayers receiving state tax refunds do not have to include the state tax refund in income for federal tax purposes.

income tax 118

income tax Tax tax return Government 118

TaxConnex

MARCH 2, 2021

Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges. Maryland has also extended time free of interest and penalties to file sales and use tax returns due between Jan. This affects returns for sales taking place from December through this month.

Sales 247

Sales Tax Missouri Wisconsin 247

CPA Practice

NOVEMBER 14, 2023

Considering the circumstances surrounding the coronavirus pandemic, the IRS’s decision to destroy approximately 30 million unprocessed tax year 2019 paper-filed information returns was “reasonable,” the Treasury Inspector General for Tax Administration (TIGTA) concluded in a report released last week.

tax return 119

tax return income tax Tax Transportation 119

CPA Practice

JANUARY 30, 2023

Will the 2023 tax filing season be normal? It will likely be closer to normal than it has been since 2019, the last tax filing season before COVID-19 caused widespread office closures, even at the IRS, which delayed the 2020 tax filing deadline by several months. T he Tax Deadline is April 18, 2023?

income tax 105

income tax tax return Tax Massachusetts 105

Withum

JULY 28, 2022

Most likely, the IRS will focus on eligibility, the ERC calculation, and whether the taxpayer amended its income tax returns to pay tax on the ERC. Claiming the ERC is no different than claiming a deduction on an income tax return – both are done under penalties of perjury.

audit 121

audit income tax tax return Tax 121

xendoo

JANUARY 25, 2021

(for a calendar tax year). March 15 Submit Form 1120S Income Tax Return. Partnership Tax Filing. for a calendar tax year). March 15 Submit Form 1065 Income Tax Return. C Corporation Tax Filing. for a calendar tax year). April 15 Submit Form 1120 Income Tax Return.

Tax 98

Tax income tax tax return corporation tax 98

MyIRSRelief

OCTOBER 3, 2022

With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. Furthermore, there are different kinds of tax advisors that serve a purpose to fit your needs. The California state sales tax rate is currently 6%.

tax services 147

tax services California Tax tax preparation 147

CPA Practice

MAY 8, 2023

Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. Californians flee to low-tax states In terms of people looking for low-tax states, California lost more residents than any other state, according to the data.

New York 125

New York California North Carolina South Carolina 125

CPA Practice

JULY 5, 2023

Note: Some legitimate unclaimed tax refunds are available at the IRS if you didn’t file a federal income tax return in 2019. Unclaimed tax refunds totaling about $1.5 billion remain unclaimed at the IRS because millions of taxpayers haven’t filed their tax returns for the 2019 tax year.

Tax 119

Tax tax return income tax Washington 119

MyIRSRelief

MARCH 15, 2021

TIGTA identified 685,555 taxpayers who had a balance due as of May 14, 2019. These taxpayers reported adjusted gross income (AGI) of $200,000 or more and owed a combined total of $38.5 Because the IRS prioritizes high balance due cases for collection, many of these high-income taxpayers would be included in high-priority work.

Tax 130

Tax income tax tax return audit 130

Withum

JANUARY 17, 2022

As a result, taxpayers who file a claim for a refund, particularly those who file paper returns, may find themselves having to wait an inordinately long time for an underfunded, understaffed and backlogged IRS to process their returns. million unprocessed individual income tax returns and 2.8 billion to $11.5

income tax 126

income tax tax return Tax 126

MyIRSRelief

MARCH 15, 2021

TIGTA identified 685,555 taxpayers who had a balance due as of May 14, 2019. These taxpayers reported adjusted gross income (AGI) of $200,000 or more and owed a combined total of $38.5 Because the IRS prioritizes high balance due cases for collection, many of these high-income taxpayers would be included in high-priority work.

Tax 130

Tax income tax tax return audit 130

LyfeAccounting

NOVEMBER 17, 2020

Like, literally, I paid my payroll taxes one-day late by accident, the IRS sent me a penalty for over $1,000. In addition, I didn’t know the requirements of income taxes, especially for self-employed individuals. In this post, I’m going to fully explain the difference between payroll taxes and income taxes.

income tax 52

income tax payroll tax payroll Tax 52

Going Concern

AUGUST 9, 2022

In 2019, 74,454 people worked for the IRS. Earlier this year, the IRS said in a report to Congress only about 20% of callers have been getting through to live IRS agents and estimated that more than 3 million tax returns are still being processed from 2021. And they think they’re going to double that number in this market?

tax return 124

tax return income tax Retail Tax 124

Bharmal&Associates

AUGUST 13, 2020

When the CARES Act was passed, it appears that lawmakers thought the PPP monies were tax-free and had not considered that the expenses paid with the loan proceeds would not be deductible. On its 2020 tax return, ABC reports no PPP income (remember, it was tax-free), but it may not deduct $100,000 of payroll expenses.

payroll 130

payroll income tax tax return Tax 130

CTP

MARCH 10, 2023

The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized deductions for state and local taxes (SALT) by the 2017 Tax Cuts and Jobs Act (TCJA). Would their error in figuring out their SALT deduction have affected their tax liability?

Tax 98

Tax income tax tax return B2B 98

CPA Practice

JANUARY 26, 2024

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.,

Florida 109

Florida tax preparation Tax tax return 109

ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. What taxes are reported on Form 941?

income tax 98

income tax tax return payroll Tax 98

Katz,Sapper&Miller

APRIL 10, 2020

This broadened COVID-19 tax relief applies to individuals, most trusts, estates, corporations, and certain noncorporate tax filers, allowing an expanded group of taxpayers to wait until July 15 to file their 2019 federal income tax return and pay any tax due, without penalty.

Tax 81

Tax income tax tax return 81

Withum

JUNE 1, 2022

It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) method for external reporting purposes, such as for US GAAP and federal income tax. Under the various safe harbor proposals, the amendment of a prior return would not be necessary.

business tax 119

business tax Tax income tax tax return 119

LyfeAccounting

JUNE 2, 2021

Want to Know How to File an Amended Tax Return? As an accounting firm, we’ve filed our fair share of amended tax returns. In today’s post, we’ll be going over when to amend your taxes and the 5 steps to actually amend your taxes. Steps to Take When Filing Amended Tax Return.

tax return 52

tax return Tax accounting and finance tax preparation 52

PYMNTS

SEPTEMBER 9, 2020

9) that it plans to mail letters to approximately nine million Americans who typically don’t file federal income tax returns and may be eligible for, but failed to claim, an economic impact payment. People who aren’t required to file a tax return can quickly register on IRS.gov and still get their money this year.”.

tax return 79

tax return income tax Tax Start-ups 79

PYMNTS

MAY 22, 2020

The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness. If they can’t convince the SBA they met those requirements, borrowers have two years to repay it at a 1 percent interest rate.

Ohio 99

Ohio payroll income tax tax return 99

Withum

JUNE 24, 2022

The IRS is expected to begin auditing ERC claims in the coming months and it has 3 years from the filing date of the relevant Form 941 tax return to assert deficiencies, and 5 years in the case of ERC claims for the third and fourth calendar quarters of 2021 ( see §3134(l) ).

Tax 126

Tax audit tax return tax services 126