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Start Now to Make Your 2024 Tax Return Easier to Do

Withum

Last year is a closed book for most transactions that will be reported on your 2023 tax return. However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider.

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Defending IRS Cash-Based Audits – Guilty Until Proven Innocent: Computing Income

Withum

As discussed in our previous article, The Case for Using a Forensic Accountant , confronting the prospects of a cash-based audit is fraught with potential traps and exposure to civil and criminal penalties, including incarceration. This makes the forensic accountant part of the defense team. Cash has a destination.

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Everything You Need for an SBA Loan Application

inDinero Accounting

Fortunately, with the help of indinero’s accounting services for small businesses , it doesn’t have to be so difficult. Those include: Gambling Real estate Lending institutions “Adult” businesses Non-profits What Documents Do You Need for an SBA Loan? Be prepared to provide your personal tax returns for the past two tax years.

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Fourteen People Who Inspired Future Tax Criminals in 2022

Going Concern

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Burnell did not report any of the money he received from victims in 2011 or 2012 on his income tax returns.

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Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

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. Who needs to file Form 2555?

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A Checklist For Skagit County Business Owners’ For 2020 Personal Income Taxes

SkagitCountyTaxServices

As a Mount Vernon business owner, you may have a couple different tax returns to wade through each year (and maybe more, depending on the number of active entities you’re managing). Automobiles Personal property tax information Department of Motor Vehicles fees. Want to get a jump on things? Yes, or yes?

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Lifestyle Analysis in White Collar Criminal Defense

FraudFiles

In contract disputes alleging the loss of sales or profits, an accurate determination of income is critical. These cases are quite often tax-related matters, but cases involving white collar crimes and drug trafficking usually include questions about income too. With enough information, this type of analysis can be fairly precise.