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90% plan to increase fees for individual taxreturns, 87% plan to increase fees for business taxreturns, 85% plan to increase fees for bookkeeping and accounting, and 76% plan to increase fees for CFO and controller services. Or at least half-in. 57% of accounting firms plan to increase fees across all services in 2025.
Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and taxpreparation services she provided on the side for a member of a rock band.
EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Taxpreparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income taxreturns. All rights reserved.
EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Taxpreparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. In March 2023, Estes made a $1.3 All rights reserved.
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 taxreturn. For a decade, he did not file federal income taxreturns nor pay taxes owed despite earning more than $7.7 All rights reserved. million during that time.
West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. For 2015 and 2016, he filed taxreturns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.
A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.
As ZDNET’s Sabrina Ortiz reported, “Right in time with taxreturn season, leading the table was the role of ‘taxpreparer’ with a probability of 98% replacement, which ChatGPT deemed as ‘near-certain automation.'” Activity in the sector peaked post-pandemic in 2023 with 160 deals.
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 taxreturns.
You go to the beauty portal, you go to the barbershop, they have more protection than a person who preparestaxreturns. So it is safe to say that 70% of the people who preparetaxreturns are not credentialed. They estimate that 96% of those payments were attributable to a non-credentialed preparer.
Kim Brown and another individual ghost preparerprepared 22 false returns that caused the Treasury to issue $541,912 in false refunds. In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. All rights reserved.
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 preparedtaxes for a fee. Between June 2022 and August 2023, he defrauded the U.S. in restitution.
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. Tips to prepare them. Was This Convicted TaxReturnPreparer Courageous or Foolish?" All rights reserved.
billion in confirmed fraud, with a notable case in 2023 when the Department confirmed spending $51,000 on a trash can. While in Congress, where he served from 2011 to 2023, the Republican sponsored legislation to get rid of the IRS. A former auctioneer and real estate broker, Long has no background in tax administration.
The Department of Justice is warning taxpayers to choose their returnpreparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a taxreturn could leave a taxpayer open to liability for unpaid taxes, penalties and interest.
Unscrupulous preparers who include errors or false information on a taxreturn could leave a taxpayer open to liability for unpaid taxes, penalties and interest. Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A.
A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, taxreturnpreparer. 5, Jacob pleaded guilty to aiding and assisting in the preparation of a false taxreturn. Hubbert of the Justice Department’s Tax Division made the announcement.
So it’s no wonder that the business tax season is a hot time for small business owners, just as it is for accountants , especially when you need to deal with all this manual data entry and reconcile the accounts without any discrepancies. But is there a way to escape tax filing season disturbance? How to file income tax?
A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging taxpreparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false taxreturns for himself and his clients that claimed COVID-19-related employment tax credits.
By David Wichner, The Arizona Daily Star, Tucson (TNS) A taxpreparer in Tucson, AZ, already awaiting trial on drug-smuggling charges has been indicted by a federal grand jury, accused of filing fraudulent taxreturns to reap inflated fees. A phone message left for Nour at a number listed for Skyman Tax was not returned.
The IRS announced in May that it was rolling out its own free online tax-filing system in a move that would put the agency in direct competition with online taxpreparation software giants like TurboTax and H&R Block. Direct File will first be introduced to a small group of eligible taxpayers in filing season 2024.
This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 31, 2023, to file. 15, 2023, to file. 24, 2024, to file various individual and business taxreturns.
This is often necessary for taxpayers who are still waiting on some documents before they can file their returns. However, taxes expected to be owed were required to be owed by the original April 18, 2023, deadline. 31, 2023, to file. 15, 2023, to file. 24, 2024, to file various individual and business taxreturns.
James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of taxpreparer oversight. “Taxpreparation is kind of the Wild West,” Creech began.
The IRS has announced that it will start accepting and processing taxreturns on Monday, Jan. million individual taxreturns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing taxreturns until Jan. The agency expects more than 128.7
And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income TaxPreparation Insight : As was true in every year of voting, the tax prep system category is always the most voted-on, with nearly all respondents selecting a preferred system. We thank the more than 5,000 professionals who participated in voting this year.
Does disaster relief apply to a taxpayer that is not in a disaster area, but the taxpreparer is? Per the IRS website , disaster relief applies to the clients of taxpreparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.
The IRS is slashing the costs for paid taxreturnpreparers to renew their preparertax identification numbers (PTINs) in 2024 by nearly 36%, after a court ruled earlier this year that the agency had previously overcharged tax professionals to obtain a valid PTIN. for PTIN renewals in 2023.
The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual taxreturns, and announcing that it expects more than 146 million individual taxreturns for 2023 to be filed this filing season. Another option is the Direct File pilot program.
By Samantha Gowen, Los Angeles Daily News (TNS) Tax filers in California who got a Middle Class Tax Refund and a corresponding 1099 form should wait to file their federal taxreturns, the IRS said last Friday. The IRS, now two weeks into tax season, issued a statement Feb. Visit dailynews.com.
Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business taxreturns and make tax payments. The May 1 deadline will now apply to: Any individual or business that has a 2024 return normally due during March or April 2025. 31, 2024, and Jan. 31 and April 30, 2025. 15, 2025.
It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their taxreturns online for free. Regardless of how you do your taxes, you won’t have an automatic extension of the deadline for filing your 2023return — at least not yet.
But people should be careful with who they’re following on social media for tax advice. Unlike hacks to fix a leaky kitchen sink or creative makeup tips, people shouldn’t rely on made-up ways on social media to patch up their taxreturn and boost their refund,” he added. There are two other variations of the W-2 scheme.
By Leada Gore, al.com (TNS) The IRS is telling some people to wait to file their 2022 taxreturn, a group that could represent millions of taxpayers. In the meantime, the IRS advised people “wait until additional guidance” is available before filing their returns. Visit al.com. Distributed by Tribune Content Agency LLC.
4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business taxreturns and make tax payments, according to a news release from the IRS. (TNS) Oct. Taxpayers now have until Feb.
24, 943,000 taxpayers had filed returns this tax season through Free File , a 9.7% increase from last year’s comparable period when 860,000 taxreturns were filed, the IRS reported on Friday. The increase in Free File usage comes as the IRS released new data on how the 2024 filing season is progressing. Through Feb.
Allegations include stealing identities of accountants, taxpreparers, and taxpayers. On March 7, a federal grand jury in Austin, Texas, returned an indictment charging seven individuals with conspiracy to commit mail and wire fraud and other crimes arising out of their scheme to defraud the IRS using stolen identities.
(TNS) A Columbus, GA-based taxpreparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. She also failed to file her own taxreturns during that time period. Sentencing is scheduled for June 13.
The Internal Revenue Service is offering tax deadline relief for individuals and businesses in the entire state of Louisiana, affected by Tropical Storm Francine that began on Sept. 3, 2025, to file various federal individual and business taxreturns and make tax payments. These taxpayers now have until Feb. 15, 2025.
This is my complete guide to accounting automation in 2023. A report by Oxford University concluded that there was a 99% chance that taxpreparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. So if you want to: Learn the 8 benefits of automated accounting. Let’s get started.
(TNS) The IRS announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, 2024. 1, 2024, to file various federal individual and business taxreturns and make payments. These taxpayers now have until Nov.
Last year is a closed book for most transactions that will be reported on your 2023taxreturn. However, there are some things you could do now that would simplify your taxreturn for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider.
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