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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here. We’ll break down what it is, how it’s changing in 2023, and everything else you need to know. Where to mail form 941?

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IRS Form 941: What Employers Need to Know in 2023

inDinero Tax Tips

You can file for free through the mail, online for a fee through an IRS approved software provider, or have it done for you by a tax services provider. The 2023 version of the form can be downloaded here. We’ll break down what it is, how it’s changing in 2023, and everything else you need to know. Where to mail form 941?

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IRS Provides Limited Relief Surrounding IRC 174

Withum

The IRS released two pieces of favorable guidance on Friday, December 22, 2023, clarifying the definition of contract research and identifying automatic changes in accounting methods for the 2023 taxable year in relation to Section 174 research and experimental (“R&E”) expenditures.

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Withum Introduces CEO-elect Pat Walsh to Succeed Bill Hagaman

Withum

Withum, a national top 25 accounting and advisory firm, announced today that Pat Walsh , Partner and Market Leader for Withum’s National Tax Services Practice, will succeed CEO and Managing Partner Bill Hagaman , after his term ends in 2023. Bill Hagaman, CPA, CGMA Managing Partner and CEO, Withum.

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What's new in May for state sales and use taxes

TaxConnex

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Starting July 1, 2023, cities will be prohibited from requiring the licenses. For gross receipts from the sale of newly taxed services prior to Jan.

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Tax Season to Start January 29, 2024

CPA Practice

Building off the success of the 2023 tax season that saw significant improvements following passage of the Inflation Reduction Act, the 2024 filing season will continue reflecting the focus on improving services to taxpayers. Most tax return preparers provide outstanding and professional tax service.

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual tax returns, and announcing that it expects more than 146 million individual tax returns for 2023 to be filed this filing season. Another option is the Direct File pilot program.