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How the “Wild West” of Tax Preparation Led to Massive ERC Issues

ThomsonReuters

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 tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

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Tax planning strategies to start the new year with

ThomsonReuters

Driven by the dwindling number of accountants entering the profession, the outsourcing market for tax preparation services has expanded significantly in recent years. Although most clients won’t be affected until 2025, it is essential to prepare them for compliance. Partial outsourcing is also an option.

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Legal Tax Expert Discusses AI in IRS Auditing and the Future of the ERC

ThomsonReuters

.” 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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When are taxes due in 2024?

inDinero Tax Tips

Important Tax Deadlines for Businesses You should always keep in mind the importance of these dates. They represent the filing deadline, the final day for submitting your business tax returns. Missing these tax payment deadlines might result in penalties or interest charges. What Is a Tax Extension?

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Montana State Tax Updates

Withum

For the latest news and updates on Montana state and local tax March 20, 2024 Montana Releases Pass-Through Entity Tax Common Issues to Avoid Authored by: Jessie Racioppi and Penny Sweeting , CPA The Montana Department of Revenue released “Common Errors to Avoid when Filing Form PTE – Tax News You Can Use.”

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