CPA Practice

OCTOBER 16, 2023

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 tax returns.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

OCTOBER 2, 2023

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 tax returns.

South Carolina 124

South Carolina Tax Georgia income tax 124

CPA Practice

FEBRUARY 3, 2023

(TNS) A Columbus, GA-based tax preparer 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 tax returns during that time period. Sentencing is scheduled for June 13.

tax preparation 52

tax preparation Georgia Tax tax return 52

Nancy McClelland, LLC

APRIL 5, 2024

This week, I discovered a gift that Gusto created for tax preparers with clients that use the Gusto+Guideline combo — a reporting tool that will literally prepare the Form 8881 “Credit for Small Employer Pension Plan Startup Costs” for you. On the left side bar, click on “Tax credits” 3.

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CPA Practice

JANUARY 29, 2024

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.

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tax return Tax income tax tax preparation 116

CPA Practice

JANUARY 8, 2024

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing tax returns until Jan. The agency expects more than 128.7

Tax 133

Tax tax return income tax Massachusetts 133

CPA Practice

APRIL 9, 2024

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 tax return and boost their refund,” he added. There are two other variations of the W-2 scheme.

Tax 116

Tax tax return tax preparation payroll 116

CPA Practice

OCTOBER 5, 2023

The IRS is slashing the costs for paid tax return preparers to renew their preparer tax 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.

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tax preparation tax return Tax 105

CPA Practice

JANUARY 29, 2024

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 tax returns online for free. Regardless of how you do your taxes, you won’t have an automatic extension of the deadline for filing your 2023 return — at least not yet.

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CPA Practice

MAY 12, 2023

By Joshua Tehee, The Fresno Bee (TNS) A former Fresno IRS employee who also worked as a private tax preparer was sentenced Thursday for 13 felonies related to identity theft and wire and tax fraud. The crimes occurred from 2012 through 2016, while Lee was working as a tax preparer. ©2023 The Fresno Bee.

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tax preparation Tax tax return 98

CPA Practice

MAY 17, 2023

By Joshua Tehee, The Fresno Bee (TNS) A former Fresno IRS employee who also worked as a private tax preparer was sentenced Thursday for 13 felonies related to identity theft and wire and tax fraud. The crimes occurred from 2012 through 2016, while Lee was working as a tax preparer. ©2023 The Fresno Bee.

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tax preparation Tax tax return 96

CPA Practice

MARCH 6, 2024

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 tax returns 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.

Tax 105

Tax tax preparation tax return Start-ups 105

CPA Practice

JANUARY 15, 2024

By Sam Becker, Fast Company (TNS) The Free File software service from the IRS went live on Friday, meaning taxpayers can start using it in the run-up to the official start of tax season on Jan. 29—which is when Americans can actually start filing their returns for the 2023 tax year.

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tax return tax preparation Tax Start-ups 105

CPA Practice

JANUARY 13, 2023

A professional tax return preparer in Texas recently pleaded guilty to “engaging in a multi-year conspiracy to prepare and file false tax returns on behalf of clients and obtaining a fraudulent loan under the Paycheck Protection Program” (“PPP”). The proceeding was held before U.S.

Texas 52

Texas tax preparation Tax tax return 52

Nancy McClelland, LLC

FEBRUARY 24, 2024

The past four years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. And NerdWallet recently published a list of free and tax preparation resources.

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tax return Tax income tax tax preparation 52

Cherry Bekaert

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

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tax planning Tax income tax tax return 64

Nancy McClelland, LLC

JANUARY 30, 2024

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. It was an exciting time for us, as it was finally going to be a return to normal. The opinions shared here are the author’s and not those of AICPA or CPA.com.)

Tax 52

Tax tax return Illinois tax preparation 52

CPA Practice

APRIL 8, 2024

Tax season – an already stressful time for Certified Public Accountants (CPAs) – has been made even more stressful by tax scams. For example, many CPAs and tax professionals use e-signatures to sign and send documents digitally, reducing instances of errors and speeding up time-consuming processes like auditing or reporting.

Tax 64

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CPA Practice

JANUARY 30, 2023

Deena Vang Lee, who was originally indicted in 2019 , was found guilty of 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, the Justice Department said in a statement Friday.

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tax preparation tax return Tax 52

CPA Practice

APRIL 17, 2023

And now, the results are in: IN-FIRM TECHNOLOGIES Federal/State Income Tax Preparation 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.

quickbooks 130

quickbooks payroll Technology audit 130

CPA Practice

MARCH 29, 2023

On January 26, 2023, in the Eastern District of California, Deena Vang Lee was found guilty of three counts of wire fraud, two counts of aggravated identity theft, five counts of aiding and assisting in the preparation and presentation of a false and fraudulent return, and three counts of making and subscribing a false and fraudulent tax return.

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tax return tax preparation Tax California 64

CPA Practice

OCTOBER 25, 2023

Date: Monday, November 13, 2023 Time: 3 PM ET / 2 PM CT / 12 PM PT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Are you ready for the upcoming tax season? Already registered for this webinar? Click here to log in.

Tax 64

Tax Tennessee CPA Education 64

CPA Practice

FEBRUARY 6, 2023

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 tax returns, the IRS said last Friday. The IRS, now two weeks into tax season, issued a statement Feb. Visit dailynews.com.

California 122

California Tax tax return tax preparation 122

CPA Practice

FEBRUARY 8, 2023

By Leada Gore, al.com (TNS) The IRS is telling some people to wait to file their 2022 tax return, 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.

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Hawaii Georgia tax preparation Florida 98

CPA Practice

MARCH 4, 2024

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 tax returns 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.

Tax 59

Tax tax preparation tax return Start-ups 59

Shay CPA

FEBRUARY 15, 2023

You’re looking ahead and probably getting excited about everything your startup will accomplish in 2023. Don’t shoot the messenger: it’s time to do your taxes. While you’re putting some energy into gathering up the documents you need, grab a copy of your 2021 tax returns. Clearly, tax prep isn’t easy. We can help.

Tax 52

Tax CPA bookkeeping tax preparation 52

ThomsonReuters

AUGUST 24, 2023

What are some Section 7216 insights for 2023 Software solutions for Section 7216 What is a 7216 consent form? A 7216 consent form is a document that allows a tax preparer to use or disclose a client’s tax return information for purposes other than preparing their tax return.

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tax preparation tax return Technology Tax 52

CPA Practice

FEBRUARY 27, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The Federal Trade Commission (FTC) has filed a complaint against tax preparation company H&R Block, accusing the tax services provider of unfair and deceptive business practices.

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tax preparation tax return Washington Tax 52

CPA Practice

MARCH 14, 2023

Allegations include stealing identities of accountants, tax preparers, 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.

Tax 116

Tax tax preparation Texas tax return 116

CPA Practice

JUNE 21, 2023

Register Today Date: Tuesday, July 18, 2023 Time: 2 PM EDT / 1 PM CDT / 11 AM PDT / 6 PM GMT Sponsor: SafeSend Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Already registered for this webinar? Click here to log in.

Tax 80

Tax Technology Indiana Michigan 80

CPA Practice

AUGUST 15, 2023

Date: Tuesday, September 12, 2023 Time: 3 PM EDT / 2 PM CDT / 12 PM PDT / 7 PM GMT Sponsor: Drake Software Duration: 1 Hour Receive 1 hour of free CPE credit for participating in this live webinar. Ann Campbell , CPA CIA, joined Drake Software in 2021 as a Tax Software Trainer. Already registered for this webinar?

Tax 52

Tax North Carolina Indiana CPA 52

Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. Although many of these benefits were modified and expanded upon with SECURE 2.0 , the new rules didn’t take effect until 2023.

Tax 52

Tax tax preparation tax return cpas 52

Withum

DECEMBER 22, 2023

On December 21, 2023, the IRS released details about its second settlement initiative relating to the employee retention credit (ERC). See IR-2023-247 , Announcement 2024-3 , general information , and FAQs. The IRS placed the ERC on top of its Dirty Dozen list of tax schemes and issued a processing moratorium in September 2023.

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income tax Tax audit tax preparation 123

CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

New Jersey 98

New Jersey tax preparation Tax auditor 98

Nancy McClelland, LLC

JANUARY 23, 2023

January 23, 2023 — Per IRS 2023-11 , following a successful opening of its systems today, the IRS is now accepting and processing 2022 tax returns; taxpayers have until April 18 to file their taxes this year. Taxpayers may use IRS Free File on IRS.gov, other tax software or a trusted tax professional.

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CPA Practice

FEBRUARY 1, 2024

H&R Block has announced a new “Direct Import” feature, which is designed to make it easy for taxpayers to switch their tax-preparation campaign from TurboTax to H&R Block’s DIY service. A tax filer simply inputs the phone number associated with their TurboTax account to make the switch.

Tax 52

Tax tax preparation tax return Start-ups 52

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Preparing tax returns. Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer.

Account 59

Account accountant accounted tax preparation 59