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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

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Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate

CPA Practice

By Howard Fischer, The Arizona Daily Star, Tucson, Ariz. TNS) Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing the proceeds of last year’s family rebate. Instead, the IRS declared that the tax rebate payments were taxable in full by the federal government.”

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Another Accounting Firm Has Had Its Data Breached

Going Concern

Without bothering to search our archive of 16,000+ posts published since 2009, it’s a safe guess that we’ve never written about (revenue >$5 million) of Scottsdale, Arizona. ” Additionally there’s this scary bit of info: File Your Tax Return. But we are today! Extra1 is not defined in the letter.

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Monday Morning Accounting News Brief: Unintended Audit Consequences; The IRS Needs Experienced Accountants; PwC AI | 9.18.23

Going Concern

The hiring will be for higher-graded revenue agents, which are specialized technical positions that generally focus on audits. This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations.

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The 10 Trickiest States for Sales Tax Filing

CPA Practice

With sales tax compliance, it’s the latter. The fact is, not all states are equal when it comes to sales tax filing and remittance. For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others. There’s no one reason why this is so.

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Sales tax and nonprofits

TaxConnex

Nonprofits are often thought to be exempt from sales taxes, but is that correct? Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. Are non-profits exempt from sales tax obligations? These same organizations are not necessarily exempt from sales tax.

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