Going Concern

JANUARY 22, 2025

According to a license lookup, Jerkins (we can’t stop laughing at that name given the context) received his Tennessee CPA license in 2015. On at least one occasion, in September 2023, Jerkins used these stolen client funds to purchase residential real property. JBS had office locations in Fairview and Nashville, Tennessee.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

Summit CPA

OCTOBER 10, 2024

IRS criminal investigations during the 2023 tax filing year identified potentially $37.1 billion in tax fraud and the conviction rate was 88.4%. The majority of returns with incorrect information are due to mistakes rather that fraud. Below are some of the most common areas that the IRS will be on the lookout for fraud.

auditor 93

auditor audit tax return Tax 93

Going Concern

JUNE 30, 2025

Two more states have embraced alternate pathways to the CPA , bringing the total to almost two dozen. Australian partner numbers across Deloitte, EY, KPMG and PwC are down 15 per cent, or 500, to almost 2900 partners in the two years since the 2023 peak. The The Consumer Prices Index (CPI) in the UK rose by 3.4%

accounted 103

accounted accountant Account Technology 103

CPA Practice

JULY 14, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. She received her B.A.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. 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.

Tax 59

Tax tax preparation North Carolina tax return 59

Going Concern

NOVEMBER 22, 2024

CapRadio releases audited 2024 financial reports, revealing $10M in debt and its repayment plans [ CapRadio (Sacramento)] Capital Public Radio management released audited financial statements for the 2023-24 fiscal year on Thursday, revealing roughly $10 million in debt. million from customers and failed to report the income on tax returns.

auditor 52

auditor audit accounting and finance financial statements 52

Going Concern

FEBRUARY 10, 2025

pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Department of Revenue. Activity in the sector peaked post-pandemic in 2023 with 160 deals. It’s they’re , buddy.

Indiana 52

Indiana Tax accountant Account 52

Going Concern

JANUARY 13, 2025

There is enough data to show most WFH people are not as productive unless they have ownership in the business because quite frankly [link] — Eric Pierre, CPA (@yourfavecpa) January 12, 2025 Venture capitalists are excited about accounting firms according to WSJ : Venture capitalists are known for betting on risky, moonshot technology.

accounting firms 52

accounting firms accountant Account accounted 52

CPA Practice

JUNE 26, 2025

Recognizing the growing complexity of multi-state filings, international compliance risks, and exemption certificate management, Therabody turned to Avalara to solve its urgent need for automation to replace manual tax processes. Thanks for reading CPA Practice Advisor! jurisdictions. © 2025 Firmworks, LLC. All rights reserved.

Technology 75

Technology Tax South Dakota NetSuite 75

Accounting Today

JUNE 9, 2025

Here to talk about all that as well as some other developments that accountants should be paying attention to is Neil Fishman of Fishman Associates and the president of the National Association of CPA Practitioners, as well as a return guest to the podcast. Neil, thanks for coming back. Its always good to be here.

Washington 52

Washington New York Florida Tax 52

Accounting Today

JULY 21, 2025

Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits. On the side, he also prepared taxes for a fee. Between June 2022 and August 2023, he defrauded the U.S. income tax return.

Rhode Island 89

Rhode Island Tax tax preparation Technology 89

Going Concern

NOVEMBER 1, 2024

Circuit Court of Appeals on Thursday released an amended version of an opinion it originally decided in August 2023. 12, 2023, to April 16, 2024, during which time fraudsters filed 4,828 tax returns and claimed nearly $462 million in refunds, the report said. The cash-and-stock transaction is valued at approximately $2.3

audit 52

audit Florida auditor accounting firms 52

Going Concern

APRIL 11, 2025

sector leader for asset management; David Neuenhaus appointed tax sector leader for asset management; Matt Giordano appointed audit sector leader and audit service line leader for asset management. A surprisingly useful tool for this years tax season [ Vox ] Something unexpected happened recently as I was filing my taxes: AI helped.

audit 52

audit CPA Iowa North Carolina 52

Accounting Today

JULY 2, 2025

United States of America had to be filed on June 25, 2025, because it was critically close to the two-year statute of limitations for a refund suit, given the IRSs refund claim denial date of June 26, 2023. Was This Convicted Tax Return Preparer Courageous or Foolish?" Tips to prepare them.

North Carolina 59

North Carolina tax preparation Technology audit 59

Going Concern

JULY 18, 2025

billion in confirmed fraud, with a notable case in 2023 when the Department confirmed spending $51,000 on a trash can. These are hand-picked tax, audit, and accounting professionals with all kinds of experience sure to meet your needs. A former auctioneer and real estate broker, Long has no background in tax administration.

audit 59

audit South Carolina Missouri auditor 59

Going Concern

MAY 9, 2025

accountant filed 177 false tax returns on behalf of clients, feds say [ NJ.com ] A Bergen County woman was sentenced to three years in prison and must pay back over $1 million after admitting to filing 177 false tax returns on behalf of clients, officials with the U.S. Accountants Behaving Badly N.J.

Pennsylvania 52

Pennsylvania CPA auditor tax return 52

CPA Practice

JUNE 23, 2025

Werfel took over as commissioner on March 14, 2023; that term ends on Nov. an Arkansas-based oil and gas company, which Democrats said offered non-existent “tribal tax credits.” representative for Missouri’s 7th congressional district from 2011 to 2023. 20, the day of Donald Trump’s presidential inauguration.

Missouri 93

Missouri Mississippi Technology payroll 93

RogerRossmeisl

APRIL 24, 2023

If so, it’s important to determine whether you’re required to file a 2022 gift tax return. Filing requirements The annual gift tax exclusion has increased in 2023 to $17,000 but was $16,000 for 2022. The post Gift Tax Return Basics appeared first on Roger Rossmeisl, CPA.

tax return 246

tax return Tax CPA 246

RogerRossmeisl

FEBRUARY 25, 2024

If so, it’s important to determine if you’re required to file a 2023 gift tax return. The annual gift tax exclusion has increased in 2024 to $18,000 but was $17,000 for 2023. The post Get Ready for the 2023 Gift Tax Return Deadline appeared first on Roger Rossmeisl, CPA. Who must file?

tax return 204

tax return Tax CPA 204

RogerRossmeisl

AUGUST 6, 2023

from April 2023 to May 2023). If you’re one of the entrepreneurs, you may not know that many of the expenses incurred by start-ups can’t be currently deducted on your tax return. You should be aware that the way you handle some of your initial expenses can make a large difference in your federal tax bill.

tax return 231

tax return Tax Start-ups CPA 231

RogerRossmeisl

FEBRUARY 20, 2023

Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). I didn’t qualify to itemize deductions on my last tax return.

Tax 245

Tax tax return CPA 245

RogerRossmeisl

APRIL 24, 2023

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. April 18 If you’re a calendar-year corporation, file a 2022 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due.

income tax 239

income tax Tax tax return CPA 239

RogerRossmeisl

JANUARY 12, 2023

On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).

California 246

California Tax tax return CPA 246

RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday.

California 246

California Tax tax return CPA 246

RogerRossmeisl

NOVEMBER 6, 2023

The exclusion amount for 2023 is $17,000. Therefore, a taxpayer with three children can transfer $51,000 to the children this year free of federal gift taxes. If the only gifts made during a year are excluded in this fashion, there’s no need to file a federal gift tax return.

Tax 279

Tax tax return CPA 279

RogerRossmeisl

APRIL 25, 2023

When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a head of household is more favorable than filing as a single taxpayer.

Tax 246

Tax tax return CPA 246

RogerRossmeisl

AUGUST 6, 2023

It allows contributions to be made for a spouse who is out of work or who stays home to care for children, elderly parents or for other reasons, as long as the couple files a joint tax return. Your May be Able to Put Money in an IRA appeared first on Roger Rossmeisl, CPA. Benefits of an IRA As you may.

tax return 245

tax return CPA Tax 245

CPA Practice

FEBRUARY 24, 2023

Dalton, Staten Island Advance, NY (TNS) The IRS has been processing refunds faster this tax season than last year, but the average refund Americans are receiving is slightly lower, the federal agency recently announced. million tax returns—29% more than in 2022, nearly four million more. As of Feb. compared to last year.

tax return 130

tax return Tax income tax 130

RogerRossmeisl

APRIL 17, 2024

April 15 If you’re a calendar-year corporation, file a 2023 income tax return (Form 1120) or file for an automatic six-month extension (Form 7004) and pay any tax due. For corporations, pay the first installment of 2024 estimated income taxes. Complete and retain Form 1120-W (worksheet) for your records.

income tax 196

income tax Tax tax return CPA 196

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

RogerRossmeisl

APRIL 28, 2024

You may have filed your tax return by the due date (4/15/2024), or you may have filed an extension until 10/15/2024. In either case, once your 2023 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations. Waiting for your refund?

tax return 113

tax return Tax CPA 113

RogerRossmeisl

FEBRUARY 18, 2024

The IRS announced it opened the 2024 income tax return filing season on January 29. That’s when the tax agency began accepting and processing 2023 tax year returns. Here are answers to seven tax season questions we receive at this time of year. (1) 1) What are this year’s deadlines? Keep in mind.

Tax 202

Tax Massachusetts income tax tax return 202

RogerRossmeisl

FEBRUARY 18, 2024

But if you don’t receive such a letter, can you still claim a deduction for the gift on your 2023 income tax return? What the law requires To prove a charitable donation for which you claim a tax deduction, you must comply with IRS substantiation requirements. It depends.

income tax 145

income tax tax return CPA Tax 145

CPA Practice

APRIL 8, 2023

Updated: April 8, 2023: 7:41 pm ET. It’s almost March, and the 2023 tax filing season is well underway. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. T he Tax Deadline is April 18, 2023?

income tax 115

income tax Tax tax return Massachusetts 115

CPA Practice

JANUARY 12, 2023

The 2023 tax-filing season will open on Jan. 23—the day in which the IRS will begin accepting and processing 2022 tax year returns, the agency said on Thursday. Taxpayers have three extra days to file in 2023 due to the calendar. Taxpayers have three extra days to file in 2023 due to the calendar.

tax return 133

tax return income tax Tax Washington 133

CPA Practice

FEBRUARY 20, 2023

Dalton, Staten Island Advance, NY (TNS) The IRS has been processing refunds faster this tax season than last year, but the average refund Americans are receiving is slightly lower, the federal agency recently announced. million tax returns—29% more than in 2022, nearly four million more. As of Feb. compared to last year.

tax return 98

tax return Tax income tax 98

RogerRossmeisl

MARCH 5, 2024

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. For 2023, The post If You Didn’t Contribute to an IRA Last Year, There’s Still Time appeared first on Roger Rossmeisl, CPA.

tax return 165

tax return CPA Tax 165