KROST

SEPTEMBER 14, 2021

New applicants or loans less than $500,000: Federal Income Taxes. Submit a loan modification request to receive up to $2 million. Receive a decision after October 8, 2021, or within 6 weeks of application submission. Required Documents. IRS Form 4506-T. Loan modification requests over $500,000. ODA Form P-022 – Standard Resolution.

Real Estate

CPA Practice

DECEMBER 13, 2023

During his career, Corbin has acquired an extensive background in IRS campus operations from 10 years in submission processing, three in accounts management, six in compliance services, and three in taxpayer advocate services, as well as numerous executive assignments across the agency. Corbin began his IRS career in 1986.

Tax

ThomsonReuters

APRIL 25, 2024

As an accountant, advising your clients on retirement income taxes and related strategies can help them to optimize their financial planning in their golden years. Let’s take a look at some commonly asked questions on retirement income taxes and how your firm can best advise clients as they approach their retirement years.

Tax

CPA Practice

JANUARY 10, 2024

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. Delays in processing amended tax returns and taxpayer correspondence. million users accessed individual online accounts. That’s just over 10%. “To

tax return

inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. As a result, the first few years may see negative returns, and hence no income tax liability.

Account

inDinero Accounting

JANUARY 9, 2023

With teams in different jurisdictions, there will be different tax and labor laws you will need to follow. Accounting management gets messy as your team and clientele spread across the country or globe. As a result, the first few years may see negative returns, and hence no income tax liability.

Account

CPA Practice

JUNE 21, 2023

Despite these improvements, the report says the IRS is still behind in processing amended tax returns and taxpayer correspondence. Typically, employees in the agency’s accounts management function perform two roles: they answer telephone calls and they process taxpayer correspondence, amended returns, and other cases.

tax return

Accounting Insight

MAY 7, 2025

Making Tax Digital for Income Tax (MTD IT) will be implemented in April 2026. By taking early action to understand which clients may struggle with digital record keeping and require additional support, accountants will be able to resource work appropriately. Register for your free ticket here.

income tax