ThomsonReuters

JUNE 24, 2025

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

corporation tax

ThomsonReuters

JUNE 24, 2025

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

corporation tax

Withum

JULY 2, 2025

Receiving notice that you are being audited by the IRS is stressful, but losing an IRS audit that you should have won is far worse. They made procedural errors in their refund claim and subsequent audit that later prevented them from asserting a valid argument in court. On audit, the IRS disallowed the Shleifers’ refund claim.

Tax

MyIRSRelief

MAY 23, 2025

Your Complete Guide to Tax Help in San Diego, California: Frequently Asked Questions Expert Tax Resolution Services by Mike Habib, EA – Serving the Greater San Diego Metropolitan Area About Our San Diego Area Tax Services Q: Which areas does Mike Habib, EA serve in the San Diego metropolitan region?

California

Withum

MAY 8, 2025

In most cases, our written guidance is intended to constitute advice that can be relied upon for penalty protection in the event of an IRS audit. Consider the source of the advice and the magnitude of your potential tax benefit before choosing the provider that is right for you.

Tax

Accounting Today

JUNE 18, 2025

The House-passed bill raises the cap for federal deductions for state and local taxes to $40,000 from $10,000. The Senate draft version makes permanent three business tax breaks and that could boost the economic growth effects. trillion as a result of the House bill, a figure that incorporates additional calculations.

Technology

Going Concern

JULY 25, 2025

IRS advises of Tuesday deadline to maintain Business Tax Account access [ The Tax Adviser ] Business Tax Account (BTA) designated officials must revalidate their accounts by Tuesday if they want to maintain access, the IRS said in a fact sheet posted Wednesday.

Gambling

MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California

MyIRSRelief

OCTOBER 3, 2022

There is a substantial amount of time you have to file your taxes, but the process can seem hefty. With the help of Los Angeles tax services firms, you can receive information on your tax return, the amount you owe, and various resources for tax preparation service. Los Angeles Tax Representation Services.

tax services

Withum

JULY 28, 2022

Multiple businesses notified us this week that their claims for the employee retention credit (ERC) are being audited by the IRS. This does not mean that these businesses did anything wrong, or that they will end up owing money to the IRS; it just means that the IRS selected their ERC claims for review. Business Tax Services.

audit

xendoo

NOVEMBER 9, 2021

With the year coming to an end, tax return season is just right around the corner. For small businesses, that means being prepared to find all of the small business tax deductions you can to minimize your payout to the IRS. . When filing taxes, knowing the deadlines is an essential part of being organized and prepared.

business tax

MyIRSRelief

JUNE 23, 2023

Department of Treasury to represent taxpayers before the Internal Revenue Service (IRS). In this article, we will delve into the world of enrolled agents, explore their role in tax services, and understand the vast array of expertise they bring to the table. Contact us for professional tax help today!

Tax

Withum

JUNE 8, 2022

There are plenty of perfidious promotors pushing these plans without pause, peddling in promises they cannot protect from IRS audits. Business Tax Services. Contact Withum’s Business Tax Services Team to help address your questions regarding M453 transactions. Contact Us. Contact Us.

Sales

Withum

JUNE 29, 2023

Devin Desmond is an expert in audits of insurance organizations and not-for-profits and is a leader on the Firm’s Not-for-Profit Tax Team. Alexander Dundara specializes in providing assurance services to the Life Sciences, Technology, and Emerging Growth community and serves as the Firm’s Digital Health Team Leader.

E-commerce

Withum

OCTOBER 19, 2022

As we have written before, one unfortunate side effect of the ERC explosion has been the proliferation of tax credit companies offering dubious advice in exchange for outsize fees.If The IRS has already started to aggressively audit ERC claims, some even before they are paid. This applies with equal force to the ERC. Contact Us.

income tax

Withum

MARCH 7, 2024

Has the IRS Ramped up the Number of ERC Audits? The IRS has significantly increased the number civil and criminal audits, and it has centralized the audit process. We are seeing and hearing from others that taxpayers are receiving checks, but only after the claims are reviewed and approved, or cleared on audit.

Tax

Withum

JULY 31, 2024

The IRS promised to start paying the low-risk claims by the end of the summer and continue reviewing and auditing the remainder of the claims that are not denied outright. Importantly, the IRS states that taxpayers seeking assistance from TAS will not increase their chances of audit. Let’s Chat The post Where’s my ERC Refund?

audit

Withum

JUNE 24, 2022

The memos are so generic that they would not even qualify as tax advice that clients can rely on to assert a reasonable cause defense to penalties. Some of these advisors also promise indemnification and audit support if their clients are audited by the IRS. What Issues Can We Expect the IRS To Audit? ERC Generally.

Tax

xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? The IRS won’t audit most taxpayers.

audit

xendoo

JULY 6, 2023

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? The IRS won’t audit most taxpayers.

audit

Withum

MARCH 24, 2022

On its corporate income tax return, the taxpayer claimed a business expense deduction for the cost of Mr. Kocemba’s tuition for the computer coding course. The IRS disallowed the deduction on audit and assessed a deficiency. Business Tax Services. Contact Us. Contact Us.

income tax

Withum

DECEMBER 7, 2023

On audit, the IRS disagreed with Soroban Capital’s exclusion of the ordinary income distributions from its calculation of net earnings from self-employment. In the Tax Court, the parties cross-moved for summary judgment, and the Tax Court ruled in favor of the IRS.

Tax

xendoo

MAY 16, 2023

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners. Learn everything you need to know about IRS audits and receipts below.

audit

xendoo

MAY 16, 2023

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners. Learn everything you need to know about IRS audits and receipts below.

audit

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. In Corona, CA, part of the Inland Empire, taxpayers and businesses often seek clarity on resolving these issues effectively. What is Audit Representation and How Can It Help Me in Corona, CA?

Tax

Withum

JUNE 27, 2022

Now that we are halfway through the new year, most companies have wrapped up their books and records for 2021 and sent them to their accounting professionals for tax and audit preparation. Third parties often want some comfort in knowing that a business is profitable and that they are not getting involved with a failing company.

financial statements

inDinero Tax Tips

MAY 10, 2023

Tracking expenses and claiming all of the small business tax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. We’ll paint a financial portrait of your business hat valuably informs your decision-making and protects you in the event of an IRS audit.

business tax

xendoo

JANUARY 30, 2023

Minimizing your company’s tax burden can help maximize profits. One way of doing this is through business tax credits. Leveraging the right tax credits can save your business thousands of dollars in taxes each year. How do you know which tax credits will save you the most money?

business tax

CPA Practice

NOVEMBER 22, 2023

KBKG , a provider of tax services for CPAs and businesses, has identified three changes that the IRS has implemented; each one could have strong impacts on businesses. If it is believed that an already filed claim is erroneous, those that have submitted can withdraw the claim, even if it is already under audit.

Tax

Withum

SEPTEMBER 22, 2022

Also, even though the SBA retains the ability to audit and pursue repayment of a PPP loan for six years after forgiveness is granted, the taxpayer in the CCA retained the PPP loan proceeds in 2020 under a claim of right, which means that 2020 is the proper year of inclusion even though repayment may have to be made in a later year.

Tax

MyIRSRelief

DECEMBER 15, 2022

For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. What is income tax preparation service? Our Los Angeles tax preparation service is the process of preparing and filing tax returns for individuals or businesses.

tax accountant

inDinero Tax Tips

NOVEMBER 7, 2023

Net Operating Loss Limitations Record Keeping and Documentation Conclusion Navigating tax advantages like net operating losses can be a headache. InDinero’s business tax services can save you time and money, as our team of professionals will ensure you’re making the most of every tax year.

accrual accounting

ThomsonReuters

JULY 6, 2023

research and development credits) Trade and customs tax services and guidance Transfer pricing evaluation , documentation, and modification of existing policies Tax valuation services What does a tax advisor do?

Tax

CPA Practice

OCTOBER 2, 2023

If it is believed that an already filed claim is erroneous, those that have submitted can withdraw the claim, even if it is already under audit. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG.

Tax

ThomsonReuters

JANUARY 28, 2022

Stay top-of-mind with tax and accounting clients all year. Companies that only offer tax services have to start over each year building a brand through marketing and advertising. Business tax preparation. That includes: Preparing federal and state income taxes. Filing quarterly employment taxes.

Tax

Withum

APRIL 29, 2022

Taxpayers taking the wait-and-see approach, i.e., waiting to pay tax until they receive the ERC, can now point to this news release if they are audited on this issue. Business Tax Services. Even though the news release is not the model of clarity taxpayers desired, something is better than nothing. Contact Us.

Tax

CPA Practice

OCTOBER 3, 2023

If it is believed that an already filed claim is erroneous, those that have submitted can withdraw the claim, even if it is already under audit. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG.

Tax