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Accounting Professors Receive Honors from Illinois CPA Society

CPA Practice

The Illinois CPA Society (ICPAS) has presented its Outstanding Educator Award to two Illinois accounting faculty as part of its 2023 awards program. Accounting educators are instrumental in stewarding the next generation of leaders into the profession,” says Geoffrey Brown, CAE, president and CEO. Madeline K.

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State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

These can be filed online through a taxpayer’s Revenue Online account beginning September 1, 2023, and until June 30, 2024. Illinois The Illinois Department of Revenue recently issued an Informational Bulletin FY 2024-03.

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Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

These areas include: Taxpayers affected by flooding in Illinois and Alaska. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. They have until Oct. 31, 2023, to file.

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Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

These areas include: Taxpayers affected by flooding in Illinois and Alaska. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. They have until Oct. 31, 2023, to file.

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How To Download An IRS Account Transcript – UPDATED 2/6/2022

Nancy McClelland, LLC

Last year we began requiring all clients to submit a copy of their IRS Account Transcript along with their Tax Organizer and other annual tax prep documentation. account “as soon as possible” and you won’t be able to log in with your existing IRS username and password starting in summer 2022. Why would this matter?

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How to Grow Expertise, Build a Stronger Career, and Develop Talent Pipelines

CPA Practice

As Michelle Lubbe works toward the online Master’s of Accounting (iMSA) from the University of Illinois at Urbana-Champaign, she instantly puts what she learns to the test. “On The case for online learning is even more vital for firms that are grappling with talent shortages and a dwindling talent pool.

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Today’s The Day! 2022 Tax Filing Season Begins

Nancy McClelland, LLC

The State of Illinois also opened its tax season today. In a press release , the IDOR Director, David Harris, highlighted the improved and enhanced MyTax Illinois system. The IRS expects most of these refunds to be available in taxpayer bank accounts or debit cards by Feb. “Where’s My Refund?”