CPA Practice

AUGUST 16, 2023

The federal agency launched Operation Hidden Treasure in 2021, for example, to root out taxpayers who fail to report income from cryptocurrency transactions on their federal tax returns. The IRS is looking for unreported assets,” said Lucas Rihely, a tax partner at H2R CPA. And that’s just the beginning.

cpas 98

cpas tax return Real Estate Tax 98

ThomsonReuters

AUGUST 16, 2023

During his remarks on the one-year anniversary of the funding provided to the IRS by legislation from last year, Commissioner Daniel Werfel indicated that the electronic filing of the form used to make adjustments and corrections to previously filed employment tax returns is coming soon. This includes employment tax returns.

tax return 52

tax return Tax Government Account 52

CPA Practice

OCTOBER 10, 2023

However, as tax regulations become more intricate and audit scrutiny intensifies, the demand for accurate tax preparation continues to grow, adding pressure to tax practitioners. However, today, it struggles to replace those who leave the profession.

Technology 105

Technology accounting firms Account accountant 105

SkagitCountyTaxServices

APRIL 4, 2024

Since we work with so many Skagit County businesses, it’s perhaps obvious that there is far more to what we do than tax returns. There is far more to being an effective tax advocate for our business owner clients than simple “historical reporting” (which is what return preparation is all about).

tax return 67

tax return Tax CPA Government 67

ThomsonReuters

OCTOBER 7, 2022

These appropriations are to remain available through the end of 2031. According to the CRS, the number of unprocessed tax returns at the end of the 2022 filing season rose from 7.4 The IRS estimates that the tax gap averaged $381 billion after accounting for enforcement between 2011 and 2013, the most recent years available.

audit 90

audit Tax tax return Start-ups 90

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.

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audit Legal Tax tax return 98

Withum

JUNE 8, 2022

This means the tax rates will be higher and apply to more substances than they did in the past. These new excise taxes are set to expire 8½ years after they kick in ( i.e., on December 31, 2031), and they are expected to generate about $14 billion of revenue. See Exhibit B for a list of these substances.

Tax 122

Tax Manufacturing tax return tax services 122