Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved. © 2025 Arizent. All rights reserved.

auditor

Accounting Today

JULY 28, 2025

You know, Im just doing a tax return or Im just doing this. Its really coming around to our internal employees and saying, "Its not just [a tax return], you are worth this." "So when you sit down and youve walked through a proposal for a client, they continually think, well, I could never charge that much. © 2025 Arizent.

Technology

Accounting Today

JULY 24, 2025

West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. For 2015 and 2016, he filed tax returns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details. All rights reserved. © 2025 Arizent.

Technology

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. All rights reserved. © 2025 Arizent.

Tax

Accounting Today

JUNE 5, 2025

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

Tax

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved. © 2025 Arizent.

Technology

Accounting Today

JUNE 19, 2025

Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. Between 2002 and 2018, he generated millions of dollars in gross receipts sales.

Tax

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved. © 2025 Arizent. All rights reserved.

accounted

Accounting Today

JUNE 24, 2025

Whether advising nonprofits, preparing a tax return or planning an estate strategy, professional recommendations must be based on facts, rules and professional judgment. It is helpful for generating directions or outlining general concepts. But it is not appropriate for tailoring advice to a specific client or scenario. © 2025 Arizent.

Rhode Island

Accounting Today

JUNE 9, 2025

By Daniel Hood 34m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved. © 2025 Arizent. All rights reserved.

accounted

Accounting Today

JULY 15, 2025

She added later that Ready to Advise is vendor agnostic, as "our initial launch will have the user uploading the tax return, so it doesnt matter what your tax compliance solution is, you can use Ready to Advise." All rights reserved. © 2025 Arizent. All rights reserved.

Technology

Accounting Today

JULY 29, 2025

Accountants also dedicate substantial time to recording activities, including (though increasingly automated by software) ledger entries, tax liability entries, transfer pricing, intercompany transactions, tax return preparation and preparing for SEC filings in publicly listed organizations. All rights reserved. © 2025 Arizent.

accounting and finance

Accounting Today

JUNE 9, 2025

You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns. So it is safe to say that 70% of the people who prepare tax returns are not credentialed. Now, every month, the IRS comes out with a list on information on active pns. Youre counted in each category.

Washington

Accounting Today

JUNE 23, 2025

We did tax returns by hand. Follow Us In Real Time googlenews twitter applenews facebook linkedin About Us Help Center Contact Us The Magazine RSS Feed Privacy Policy Subscription Options Enterprise Subscriptions Subscription Agreement Content Licensing/Reprints Advertising/Marketing Services AI Policy © 2025 Arizent.

accounting firms

Accounting Today

JULY 10, 2025

Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" Brown had clients pay him a 10% fee of each refund. All rights reserved.

Tax

Accounting Today

JULY 21, 2025

IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees. © 2025 Arizent.

Rhode Island

Accounting Today

JUNE 30, 2025

Then theres the tax return thats 95% done but still waiting on "one more thing." You finish a long day, turn off all three of your monitors and try to relax. But just as youre about to take your foot off the accelerator you remember a clients email that you forgot to respond to. three days ago. Sound familiar? All rights reserved.

accounted

Accounting Today

JUNE 26, 2025

During the 2016 through 2022 tax years, Gibson prepared at least 135 returns containing fraudulent information, causing a loss to the IRS of at least $125,197, which Gibson has agreed to pay in restitution. All rights reserved. © 2025 Arizent. All rights reserved.

Tax

Accounting Today

JUNE 25, 2025

"With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It More than 95% of processed returns were e-filed and some 62% resulted in refunds. IRS employees manually transcribe data from paper-filed tax returns, digit by digit, into IRS systems.

Technology

Accounting Today

JULY 2, 2025

Was This Convicted Tax Return Preparer Courageous or Foolish?" CLA ( [link] ): Real-estate-owning clients looking for ways to streamline tax compliance and enhance deductions can look to an often-overlooked strategy: the de minimis safe harbor election. Tips to prepare them. All rights reserved. © 2025 Arizent.

North Carolina

Accounting Today

JULY 21, 2025

This allows taxpayers that incurred R&D costs but did not claim the R&D credit to amend tax returns for 2022-2024 to capture the R&D tax credit benefit without capitalizing the related expenditures creating significant refund opportunities," Johnson noted. All rights reserved. © 2025 Arizent. All rights reserved.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved. © 2025 Arizent. All rights reserved.

Tax

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas

Accounting Today

JUNE 25, 2025

Accountants can help, for example, when they notice suspicious activity on a clients tax return. "A The elderly resident was forced to move to a long-term care facility after leaving the hospital. A phone call to Adult Protective Services is always warranted," said Hasenauer. Theyre the people that know how to help older adults.

Technology

Accounting Today

JULY 29, 2025

The Office of Personnel Management recently proposed a rule adding new suitability criteria for federal employees, including "failure to comply with generally applicable legal obligations, including timely filing of tax returns." All rights reserved. © 2025 Arizent. All rights reserved.

Tax

MyIRSRelief

MAY 1, 2024

Marketing and Advertising: Marketing agencies specializing in social media management, content creation, or public relations can thrive with smaller, creative teams. 1120S (S Corporations): S corporations offer pass-through taxation, where corporate income is passed directly to shareholders’ personal tax returns.

Tax

Steve Feinberg

JUNE 6, 2023

While more complicated, paying quarterly taxes can help small businesses and freelancers avoid the burden of a single, larger tax bill at the end of the year, and stop them from overpaying. Self-employed designers must fill out a tax return, much like all businesses should, on or before the deadline.

Tax

Snyder

FEBRUARY 7, 2023

You can deduct it on Schedule C of Form 1040, Profit or Loss From Business (Sole Proprietorship) or on your applicable business income tax return. Besides, business owners can deduct their payroll tax. It doesn’t apply to the federal taxes or the FICA taxes, only to an employer portion of the payroll tax.

business tax

Accounting Today

JULY 3, 2025

Honolulu: Resident Hannah Heart has pleaded guilty to defrauding her mortgage lender and conspiring to defraud the IRS by fraudulently obtaining a tax refund and then thwarting IRS efforts to recoup it. She conspired to file a false 2014 individual income tax return in her name. million in taxes had been withheld.

Tax

Going Concern

JANUARY 14, 2025

I was also pleased with how fast we were able to launch our genAI powered AI Tax Assist, which resulted in higher new client conversion, as well as the ongoing strength in our Tax Pro Review product. million US assisted tax returns and their clients filed 3.8 million DIY online paid tax returns.

Tax