Remove Alabama Remove tax return Remove tax services
article thumbnail

Tax Fraud Blotter: Who ya gonna call?

Accounting Today

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!" According to the IRS, the payroll taxes due on the wages totaled $2,048,182.

Tax
article thumbnail

Tax Fraud Blotter: Hard lessons

Accounting Today

Mobile, Alabama: Brandy Davis, 42, has been sentenced to five years of probation in connection with tax fraud. She operated Davis Tax Service with her cousin, Kenneshia Davis, at three locations in Mobile. income tax return. He did not timely file individual income tax returns for many years.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Can an eCommerce platform alone manage sales tax?

TaxConnex

Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Who the customer is and what they’ll use the TPP for can create a sales tax exclusion, too, such as when selling to a church or government agency. Taxability. For TPP, where did possession take place?

article thumbnail

IRS Provides Relief to Taxpayers Impacted by Hurricane Helene

Withum

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. This includes the entire states of Alabama, Georgia, North Carolina, and South Carolina, 41 counties in Florida, eight counties in Tennessee, and six counties and one city in Virginia.

article thumbnail

Navigating Hurricanes and Tax Relief: Guidance from the IRS and State Tax Authorities

Cherry Bekaert

Key measures include: Tax Deadline Extensions : Taxpayers in affected areas have been granted extensions for filing and payment deadlines, now postponed to May 1, 2025. This relief is available in parts or all of Georgia, South Carolina, North Carolina, Alabama, Tennessee and Florida. More details can be found on the IRS website.

article thumbnail

QSBS Exemption Explained: What Investors and C-Corp Executives Should Know

inDinero Accounting

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. This would come to a capital gains tax bill of $140,000 ($500,000 * 0.28).