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IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims

CPA Practice

8, 2023, wildfires in Hawaii. 2023 contributions to IRAs and health savings accounts for eligible taxpayers. The news release said this tax relief is available to individuals and households that live in or have a business in Maui or Hawaii counties, as designated by the Federal Emergency Management Agency’s disaster declaration.

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Sales tax and accounting services

TaxConnex

Tax preparers are generally accredited individuals – certified public accountant (CPA) and enrolled agent (EA) are two common preparer designations – who have completed previous and ongoing education to understand compliance for varied tax purposes. Accounting services are often, but not always, exempt.

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Here’s the Salary a Person Needs to Actually Take Home $100,000 in Every State

CPA Practice

The analysis accounts for average federal income taxes and withholdings for Social Security and Medicare, as well as state and local taxes. But bringing that amount home will require good deal more income, according to a recent analysis. Census Bureau data that showed the median household income in Alabama in 2022 was $59,609.

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IRS Cautions Tax Pros About New EFIN Email Scam

CPA Practice

Please provide a copy of your EFIN Account Summary from IRS e-Services, with a status of ‘Completed’, to Software B for verification. Sign in to your IRS e-Services account 2. Hawaii-Aleutian. Hawaii-Aleutian. Hawaii-Aleutian. Hawaii-Aleutian. Hawaii-Aleutian. Click the e-File Application link 5.

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The accountant’s guide to state taxes on retirement income

ThomsonReuters

As an accountant, understanding state tax considerations for various sources of retirement income — including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans (TSPs), and military retirement income — is crucial in helping your clients minimize their tax liability and make the most of their golden years.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

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What is an IRS CP14 notice? Options for balance due for unpaid taxes

MyIRSRelief

When to Seek Help from a Certified Public Accountant A certified public accountant (CPA) is a licensed professional who has met certain education, experience, and examination requirements. CPAs are qualified to provide a wide range of accounting, tax, and consulting services.