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Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam

CPA Practice

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.,

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Tax Season 2024- Get Your Books Ready in 6 Steps

Shay CPA

You’re looking ahead and probably getting excited about everything your startup will accomplish in 2024. Don’t shoot the messenger: it’s time to do your taxes. If that sounds good, follow these steps to get your books ready for your 2024 tax filings. #1: Clearly, tax prep isn’t easy. Don’t wait on this.

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What happens if you miss the tax deadline?

xendoo

Difference between filing and paying taxes There is a difference between filing and paying your taxes. While you file tax returns once a year, businesses must also pay estimated taxes quarterly. The deadline for both is the same in Q1 of 2023, but quarterly taxes have different due dates throughout the year.

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What happens if you miss the tax deadline?

xendoo

Difference between filing and paying taxes There is a difference between filing and paying your taxes. While you file tax returns once a year, businesses must also pay estimated taxes quarterly. The deadline for both is the same in Q1 of 2023, but quarterly taxes have different due dates throughout the year.

Tax 52
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What Happens if a Business Doesn’t File Taxes?

xendoo

Businesses that expect to owe more than $1,000 in taxes at the end of the tax year pay estimated quarterly payments. Q1: April 18, 2023 Q2: June 15, 2023 Q3: September 15, 2023 Q4: January 15, 2024 W-2 A W-2 details an employee’s wages for the year as well as taxes withheld from their earnings.

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