CPA Practice

APRIL 11, 2024

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

tax return 116

tax return Tax tax preparation Florida 116

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

JANUARY 19, 2023

Owners’ individual tax returns have occasionally been compared to those of the company for evidence of “material involvement” in the business. Rules allow states to demand payment under certain circumstances against any responsible person (which means possibly other leaders in your company – see the Maryland statutes, for instance).

Wisconsin 191

Wisconsin Georgia Texas tax return 191

Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

income tax 88

income tax Tax tax return Connecticut 88

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Tax Attorneys: Tax attorneys are lawyers who specialize in tax law. ERC IRS Audit Process 2.1 What Happens During an ERC Audit? How is the Audit Initiated?

audit 130

audit North Carolina Oklahoma Ohio 130

PYMNTS

SEPTEMBER 23, 2019

She also submitted a false tax return in 2016, omitting those funds as income. Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland. Vendors even made payments to Jelfo’s credit card accounts, according to reports in patch.com.

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico. South Dakota.

payroll 72

payroll Virginia Utah West Virginia 72