xendoo

SEPTEMBER 2, 2021

Income Tax for Individuals, Sole Proprietors, and Single-Owner LLCs. Individual taxpayers, sole proprietors, and single-owner LLCs must make estimated tax payments on a quarterly basis and file an annual income tax return. . 2021 Tax Filing Deadlines for Estimated Income Tax. Corporate Income Tax Returns.

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CTP

DECEMBER 28, 2023

This means that the IC-DISC must maintain its own books, have its own bank accounts, file its own tax returns, and pay its own organizational fees. If you meet the qualifications, you can make an IC-DISC election with the IRS, which creates the IC-DISC as a brand new entity. Who Qualifies for an IC-DISC? According to the U.S.

Tax 52

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Going Concern

SEPTEMBER 2, 2022

CHS avoids fine in SEC accounting fraud case [ Compliance Week ] A Minnesota-based agricultural cooperative settled charges levied by the Securities and Exchange Commission (SEC) that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.

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ThomsonReuters

JULY 7, 2021

For example, Form 941 , Employer’s Quarterly Federal Tax Return, is used by most employers (agricultural employers use Form 943 , small employers use annual Form 944 and Form 945 for annually reporting nonpayroll payments) each quarter to report employment taxes. Form 941 is typically updated annually by the IRS.

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Withum

NOVEMBER 17, 2022

Specifically targeted industries, such as technology, manufacturing, agriculture, or film. Geography, such as distressed zones, enterprise zones, or tax-increment finance districts. Contact a member of Withum’s Tax Services Team to start planning as year-end approaches. Innovative businesses. Job creation. Angel investors.

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ThomsonReuters

JULY 13, 2021

Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. Form 1099-NEC took effect for the 2020 tax year. The draft forms include information related to the COVID-19 tax credits.

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ThomsonReuters

AUGUST 18, 2022

The amount from Form 8974, line 12, is reported on Form 941 (Employer’s Quarterly Federal Tax Return), line 11a. If an employer is claiming the research payroll tax credit on Form 941, it must attach Form 8974 to that Form 941. Carryforward. .

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ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

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ThomsonReuters

FEBRUARY 1, 2024

In most cases, those conducting the audit will need: Purchase invoices Depreciation schedule Exemption certificates Supporting documentation for exemptions Use tax remitted on sales and use tax returns List of vendors and associated products/items/services Related accounting records and documents Documentation from previous audits or (..)

audit 52

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ThomsonReuters

MARCH 8, 2021

Citizenship and Immigration Services (USCIS) announced that it has reached the Congressionally-mandated cap on H-2B visas for temporary non-agricultural workers for the second half of the 2021 fiscal year. Affected taxpayers filing for tax types that include withholding tax may submit a penalty waiver request using Form PWR.

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ThomsonReuters

DECEMBER 29, 2020

Eligible entities for the loans include for-profit businesses, certain non-profit organizations, housing cooperatives, veterans’ organizations, tribal businesses, self-employed individuals, sole proprietors, independent contractors, and small agricultural co-operatives. Employer tax credit for paid family and medical leave.

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