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IRS Expands Business Tax Accounts to Include S Corporations and Partnerships

CPA Practice

The Internal Revenue Service has launched the second phase of a new online self-service tool for businesses that expands business tax account capabilities and eligible entity types. Available at IRS.gov/businessaccount , the new business tax account is a key part of the agency’s continuing service improvement initiative.

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How Long Does It Take an Accountant to Do Taxes?

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As tax season looms, you may be wondering whether you should have an accountant prepare your taxes. In addition to considering how much an accountant costs , you’ll also want to consider how long an accountant will take to do taxes compared to trying to do it yourself. Tax Accounting Software.

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IRS Warns About Scams Targeting Seniors

CPA Practice

Victims may be falsely informed that they owe the IRS money, are owed a tax refund, need to verify accounts or must pay fees to claim non-existent lottery winnings. To view details about an individual’s tax account, they can set up or check their IRS individual online account on IRS.gov.

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Tax Season to Start January 29, 2024

CPA Practice

An enhanced IRS Individual Online Account that includes chat, the option to schedule and cancel future payments, revise payment plans and validate and save bank accounts. IRS.gov, IRS Online Account provide free help Visit IRS.gov to find online tools to help get information needed to file a complete and accurate return.

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IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

Online Account. An enhanced IRS Individual Online Account that includes chat, the option to schedule and cancel future payments, revise payment plans and validate and save bank accounts. 27 if taxpayers chose direct deposit and there are no other issues with their tax return. on IRS.gov or the IRS2Go app.

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A Guide to Human-Supervised, AI-Powered Online Fraud Prevention for CPAs & Tax Professionals

CPA Practice

This places an enormous responsibility on CPAs and tax professionals who maintain, verify, store, and transact their businesses with clients’ most sensitive information: their identities. 2 Account for Compliance An AI system without oversight will assume uncorrected bad behavior is accurate and will continue making the same decisions.

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A Guide to Human-Supervised, AI-Powered Online Fraud Prevention for CPAs & Tax Professionals

CPA Practice

This places an enormous responsibility on CPAs and tax professionals who maintain, verify, store, and transact their businesses with clients’ most sensitive information: their identities. 2 Account for Compliance An AI system without oversight will assume uncorrected bad behavior is accurate and will continue making the same decisions.

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