article thumbnail

Sales tax and accounting services

TaxConnex

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico.

article thumbnail

IRS Cautions Tax Pros About New EFIN Email Scam

CPA Practice

The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. Please provide a copy of your EFIN Account Summary from IRS e-Services, with a status of ‘Completed’, to Software B for verification.

Hawaii 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The accountant’s guide to state taxes on retirement income

ThomsonReuters

Navigating state taxes on retirement income is a critical aspect of financial planning for retirees. While federal tax rules apply uniformly across the country, state tax rules can vary widely. Individuals withdrawing funds from their 401(k) plans may be subject to state income taxes depending on where they reside.

article thumbnail

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

CPA Practice

Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. 24, 2024, to file various individual and business tax returns. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software.

article thumbnail

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

CPA Practice

Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. 24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. This list continues to be updated regularly.

article thumbnail

The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

The Top 10 Best Property Taxes by States. Not only is Hawaii the most popular travel destination in the country, but it also has the lowest property taxes. Now, Hawaii is one of the most beautiful places in the world, and this property tax rate is very affordable for homeowners. The median home value is $601,000.

article thumbnail

The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

Top 10 States With The Lowest Property Taxes. Not only is Hawaii the most popular travel destination in the country, but it also has the lowest property taxes. Now, Hawaii is one of the most beautiful places in the world, and this property tax rate is very affordable for homeowners.