article thumbnail

IRS Cautions Tax Pros About New EFIN Email Scam

CPA Practice

The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. Alaska │7 a.m. Alaska │8 a.m. Alaska │9 a.m. Alaska │10 a.m. Alaska │10 a.m. Mountain & Arizona│9 a.m.

Hawaii 124
article thumbnail

Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. Some other key points to keep in mind when filing and paying federal taxes electronically include: Convenience.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The accountant’s guide to state taxes on retirement income

ThomsonReuters

Let’s take a detailed look at state tax considerations for various sources of retirement income, including pensions, Social Security benefits, 401(k) and IRA distributions, Thrift Savings Plans, and military retirement income. States with no income tax. States with no tax on TSPs. States with no tax on estate or inheritance.

article thumbnail

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

These areas include: Taxpayers affected by flooding in Illinois and Alaska. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. 16 and lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software.

article thumbnail

IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

CPA Practice

According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.

article thumbnail

What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 98
article thumbnail

What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The following states have no state income taxes, and therefore no state capital gains taxes: Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming Among the other 41 states, some are more favorable to capital gains than others.

Tax 52