CPA Practice

DECEMBER 18, 2023

In a recent letter submitted to the Department of the Treasury and the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) expressed concerns with the timing currently involved with the procedure for business entities organized in the U.S.

cpas 105

cpas tax return Tax Government 105

CPA Practice

FEBRUARY 1, 2023

You can either schedule it for December 31, 2024, or delay taking the distribution until no later than April 1, 2025. The penalty will be further reduced to 10% for IRA owners if the account owner withdraws the RMD amount previously not taken and submits a corrected tax return in a timely manner. Rahill, CPA/PFS, JD, LL.M.,

Illinois 96

Illinois Start-ups Tax CPA 96

CPA Practice

OCTOBER 20, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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CPA Practice

OCTOBER 19, 2023

AICPA Releases Statement on IRS Announcement Concerning ERC Mills The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) detailing additional steps being taken to address aggressive and unscrupulous Employee Retention Credit (ERC) mills.

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cpas CPA Education audit 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. It’s available through 2025 and the IRS has an FAQ on it that’s chock-full of details. How does this happen?

Tax 52

Tax tax preparation tax return cpas 52

Withum

FEBRUARY 26, 2024

The CPAs at Withum always look forward to this event in Las Vegas in October after deadlines have settled. Fraud Prevention, Detection, and Investigations in Dealerships Presentation Recap The call all CPAs dread from clients is this call. Potential ERC claims should be submitted as soon as possible.

cpas 52

cpas Tax Start-ups Sales 52

ThomsonReuters

JANUARY 9, 2024

.” Per the IRS’s Strategic Operating Plan for fiscal year (FY) 2023 through 2031, expanded enforcement is on the radar for large partnerships and large corporations, with additional focus on the employment tax returns these and other entities file. Will practitioner guidance change?

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