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Tax Season to Start January 29, 2024

CPA Practice

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 Beginning Jan.

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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.

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What Happens if a Business Doesn’t File Taxes?

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Your tax status – Tax-exempt organizations and non-profits have different filing deadlines than for-profit businesses. The type of return you’re filing – Different returns, including IRS Form 1120 for corporation income tax, have different deadlines. How Long Can You Go Without Filing Business Taxes?

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HMRC Business Enquiry/ HMRC Corporate Enquiry

Accounting Insight

The CCM’s role is to develop an open and cooperative collaboration between the business and HMRC, to address any tax compliance risks in real-time. The CCM seeks to gain insights into the business’ tax risk strategy, profile and sector; including assessing the appropriateness of the tax accounting arrangements.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Wade is accused of failing to perform the work he’d been paid for by multiple clients, which included bookkeeping, tax preparation and filing, payroll work, and more, according to police. They actually said “good luck” twice in that article Good luck!

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