RogerRossmeisl

NOVEMBER 6, 2020

October 15 was the deadline for individual taxpayers who extended their 2019 tax returns. Now that you’re finally done filing last year’s return, you might wonder: Which tax records can you toss once you’re done? Now is a good time to go through old tax records and see what you can discard.

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Tax tax return California audit 190

Cherry Bekaert

APRIL 21, 2023

The Internal Revenue Service (IRS) recently released Notice 2023-21 clarifying how the postponed tax return filing deadlines in 2020 and 2021 affect amended return filings. In April 2020, the IRS issued Notice 2020-23 , which postponed certain 2019 federal tax return filing and payment deadlines until July 15, 2020.

tax return 63

tax return Tax 63

TaxConnex

FEBRUARY 27, 2024

from 2019,” reads a recent Wall Street Journal article on accounting’s latest great resignation. More than 300,000 accountants quit their jobs between 2019 and 2021, data show.” You have two initial ways to address your need for sales tax expertise: Your outside tax accountant or bringing tax expertise in-house.

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Sales Tax Account accountant 264

Accounting Today

JUNE 5, 2025

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 million during that time. Alvarez, a.k.a.

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Tax tax preparation North Carolina tax return 59

AdviceForTaxpreparers

SEPTEMBER 8, 2020

Earn $20 per Book Promoting My Tax Preparer Book from Home in Your Spare Time - September 9, 2020. Accounting Jokes, Videos, Puns and Humor - July 29, 2019. Help a fellow tax preparer or accounting major. Join my LinkedIn group Accounting LIONs to add connections of accounting & tax professionals to your LinkedIn network.

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Withum

AUGUST 25, 2022

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. Penalties under §6698(a)(1) & (2) for form 1065 (partnership tax returns).

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tax return corporation tax Tax tax services 128

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

CPA Practice

JULY 17, 2024

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer. 5, Jacob pleaded guilty to aiding and assisting in the preparation of a false tax return. 1, 2019, to the present. Deputy Assistant Attorney General David A.

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New York tax preparation tax return Tax 111

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

Withum

DECEMBER 4, 2024

This will permit the corporation to base its 2025 estimated income tax installment payments on the relatively small amount of income shown on its 2024 tax return, rather than having to pay estimated taxes based on 100% of its much larger 2025 taxable income.

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Tax income tax Construction Non-Profits 105

TaxConnex

NOVEMBER 23, 2021

Other reports show that eCommerce made up roughly $1 out of every $5 spent on retail in 2020, up from about $1 out of every $7 spent in 2019. But how does this impact your sales tax obligations? Determining the taxability of your products and services within each of the states you have sales tax nexus.

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Sales Tax tax return Retail 246

PYMNTS

APRIL 22, 2020

. … This may occur for a variety of reasons, for example, if you didn’t file either a 2018 or 2019 tax return or you recently filed and the return has not been fully processed.”. Would an End to Paper Checks Solve the Problem?

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tax return Tax accountant Account 130

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%.

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tax services California Tax tax preparation 147

PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

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tax return tax preparation Tax Government 91

PYMNTS

APRIL 12, 2020

People who have not filed tax returns for 2018 or 2019 or do not have direct deposit on file with the IRS, will likely have to wait weeks or months to get a payment, CNN reported.

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tax return Tax accountant Account 123

RogerRossmeisl

NOVEMBER 26, 2023

As reported via IRS Tax Tip 2023-89 in October 2019 Kids are expensive. There are several tax breaks that can help. Confirming a child’s birth is the only way the IRS can verify that the parent is eligible for the credits and deductions they claim on their tax return.

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Tax Hospitality tax return CPA 130

Going Concern

JANUARY 31, 2023

Deena Vang Lee of Fresno, CA, was indicted in April 2019 and charged with wire fraud, aggravated identity theft, aiding and assisting in the preparation and presentation of false and fraudulent tax returns, and making and subscribing false and fraudulent tax returns. She is scheduled to be sentenced on May 8.

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tax return tax preparation Tax Education 103

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.

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Sales Tax Missouri Wisconsin 246

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.

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Tax tax return income tax Washington 119

CPA Practice

APRIL 14, 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. million people across the U.S. The IRS estimates almost $1.5

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Rhode Island West Virginia South Dakota North Dakota 52

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. million people across the U.S. The IRS estimates almost $1.5

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Rhode Island West Virginia South Dakota North Dakota 52

Withum

OCTOBER 6, 2022

Under section 7508A, the IRS gives affected taxpayers until February 15, 2023, to file most tax returns with either an original or extended due date occurring on or after September 23, 2022. Does the federal relief also extend the time to pay federal income tax?

Government 124

Government income tax tax return Florida 124

Dent Moses

MAY 30, 2023

For example, assume your 2022 individual tax return was filed on April 11, 2023, a week before the due date of April 18, 2023. For 2019 individual tax returns filed in 2020, the 3-year statute of limitations has either recently passed or will pass later this year depending on the date you filed the 2019 return.

tax return 52

tax return Tax audit Sales 52

Going Concern

JULY 13, 2022

We’ve now learned that the government is sending subpoenas to CPA firms that referred clients to Alliantgroup and is seeking client tax returns as part of the investigation. The government’s demand references R&D tax credits, cost segregation, and IRC Sec 179D and any related information from January 1, 2011 to present.

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cpa firm CPA tax return Government 137

MyIRSRelief

MARCH 1, 2025

Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. Our tax representation firm is here to provide you with expert assistance, reliable solutions, and the peace of mind you deserve.

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Tax tax return audit payroll 130

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. See Notice 2021-20 , Q&A #31.

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audit income tax tax return Tax 121

CPA Practice

SEPTEMBER 1, 2023

Many of these programs were related, directly or indirectly, to the various consequences of the Coronavirus Disease 2019 pandemic, and the programs varied in terms of the types of payments, payment amounts and eligibility criteria. The vast majority of taxpayers claim the standard deduction.

income tax 118

income tax Tax tax return Government 118

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

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CPA Practice

MAY 12, 2023

Lee was arrested in 2019 and convicted in January on three counts of wire fraud, two counts of aggravated identity theft, five counts of preparing and presenting false and fraudulent returns, and three counts of making and subscribing a false and fraudulent tax return. Again, without knowledge or consent.

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tax preparation Tax tax return 98

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

CPA Practice

MAY 17, 2023

Lee was arrested in 2019 and convicted in January on three counts of wire fraud, two counts of aggravated identity theft, five counts of preparing and presenting false and fraudulent returns, and three counts of making and subscribing a false and fraudulent tax return. Again, without knowledge or consent.

tax preparation 96

tax preparation Tax tax return 96

Bharmal&Associates

AUGUST 13, 2020

If I pay myself on a W-2, I lack the look-back period of 2019 payroll. Your loan forgiveness is based on the lower of your 2019 W-2 (zero) or your 2020 W-2. But first, let’s think about taxes. That’s incorrect and likely a tax problem if the IRS audits your tax return.) Am I out of luck?

Non-Profits 130

Non-Profits payroll tax return Tax 130

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

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.

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Tax income tax tax return corporation tax 98

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

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.

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payroll income tax tax return Tax 130

CPA Practice

APRIL 18, 2024

On Tuesday, Thioub was indicted by a federal grand jury sitting in Boston on three counts each of filing false tax returns and filing false tax returns as an employee of the United States, counts for which she was originally charged by criminal complaint and arrested on March 20.

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Tax tax return Massachusetts audit 96