ThomsonReuters

DECEMBER 6, 2023

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.

tax preparation 105

tax preparation Tax tax return payroll 105

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

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.

Tax 52

Tax tax preparation tax return cpas 52

ThomsonReuters

JANUARY 4, 2024

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.

tax planning 78

tax planning Tax Technology tax return 78

Cherry Bekaert

NOVEMBER 28, 2023

A head start in addressing any tax-related concerns arising from the transaction can highlight options for tax planning actions the company may take before year end and ensure a smoother process for tax provision and tax return preparation for 2023. and foreign taxes should review their strategies annually.

tax planning 64

tax planning Tax income tax tax return 64

ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. federal income tax return ( Form 1040 ). tax return. tax return for foreign income taxes paid to a foreign government. income taxes.

Tax 40

Tax tax return income tax Real Estate 40

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden.

Tax 52

Tax income tax tax preparation tax return 52