CPA Practice

APRIL 8, 2023

One bit of great news is that the IRS has been processing tax returns this year even faster than in the last few years, when it was still struggling to overcome issues related to the pandemic. April 17 is also Patriot’s Day, a state holiday in Maine and Massachusetts. The IRS and tax professionals strongly encourage electronic filing.

income tax 115

income tax Tax tax return Massachusetts 115

CPA Practice

DECEMBER 15, 2023

It’s almost January, which means the 2024 income tax filing season is coming soon. Although last minute tax law changes can have an impact, the IRS usually starts accepting e-filed income tax returns in the last week of January each year. Paper check mailed sent apx. 22, 2024. * Jan 22, 2024 Feb. 29, 2024 Feb.

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Tax tax return income tax Massachusetts 97

CPA Practice

JANUARY 30, 2023

Will the 2023 tax filing season be normal? It will likely be closer to normal than it has been since 2019, the last tax filing season before COVID-19 caused widespread office closures, even at the IRS, which delayed the 2020 tax filing deadline by several months. where the IRS is headquartered. tool on the IRS website.

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income tax Tax tax return Massachusetts 105

CPA Practice

OCTOBER 4, 2023

By Bruce Willey, JD, CPA, Kiplinger Consumer News Service (TNS) Now that the U.S. Supreme Court has agreed to take up a lower court decision on taxation ( Moore v United States ) that could open or slam the door on a federal wealth tax, it’s worth a deep dive into just how terrible a wealth tax would be for American taxpayers.

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Tax income tax Hawaii Oklahoma 105

CPA Practice

FEBRUARY 24, 2023

One bit of great news is that the IRS has been processing tax returns this year even faster than the last few years, when it was still struggling to overcome issues related to the pandemic. April 17 is also Patriot’s Day, a state holiday in Maine and Massachusetts. The IRS and tax professionals strongly encourage electronic filing.

income tax 98

income tax Tax tax return Massachusetts 98

CPA Practice

JANUARY 29, 2024

The IRS reminds taxpayers the deadline to file a 2023 tax return and pay any tax owed is Monday, April 15, 2024. Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays. Online Account. Another option is the Direct File pilot program.

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tax return Tax income tax tax preparation 116

CPA Practice

NOVEMBER 20, 2023

It’s almost December, which means the 2024 tax filing season is coming soon. The IRS usually starts accepting e-filed income tax returns in the last week of January each year, with the deadline to file returns being April 15 (which can vary based on weekends or state holidays). Paper check mailed sent apx. 22, 2024. *

Tax 52

Tax income tax tax return Massachusetts 52

CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

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income tax tax return Tax financial accounting 125

Anders CPA

MAY 15, 2023

Below we dive into the state and unemployment tax responsibilities employers need to know. If you have employees working in states that have state withholding tax, then the business will need to be registered with that state’s Department of Revenue “To Do Business.”

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CPA Practice

APRIL 15, 2024

Additional free help at volunteer sites: The IRS saw tax return preparation work at volunteer sites increase to more than 2.3 million returns this tax season, up 2000,000 from last year following work at Volunteer Income Tax Assistance and Tax Counseling for the Elderly sites. And Where’s My Refund?

Tax 119

Tax tax return Maine Massachusetts 119

CPA Practice

APRIL 11, 2024

Thanks to funding from the Inflation Reduction Act and as part of an ambitious modernization effort, this new public tool makes tax filing faster, easier and cheaper for eligible filers. Importantly, Direct File can be used to claim the child and earned income tax credits, providing valuable support to millions of working families.

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Tax tax return income tax Arizona 52

CPA Practice

APRIL 13, 2023

In New York state, personal income tax revenue plummeted by $9.1 Taxes on bonuses and investment income account for almost 20% of the state’s general fund, according to Lierman. Massachusetts, for example, is studying ways to use proceeds from a new tax on incomes over $1 million.

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Maryland Virginia Alaska income tax 64