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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

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Preparing Your Client for a Tax Audit: Walking the Taxpayer Through IRS Audits 101

CTP

One of the many roles we play as tax planners is as the taxpayers audit support system. Just the word audit can cause the typical taxpayer to panic. We can help reduce taxpayer stress by orienting them to audit basics long before that notice comes in the mail. billion of potentially fraudulent ERC claims.

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Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, collections, and appeals. If you’re searching for an “Enrolled Agent near me,” you’re likely looking for someone who can provide a wide range of tax services.

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Decisions 2024: The Opportunities for Accounting Firms Have Never Been Greater

CPA Practice

The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

Trust tax preparation can be a challenging task, even for experienced tax preparers. Why You May Need Professional Help There are several reasons why you may want to consider hiring a professional to help you with your trust tax preparation needs. You have received an audit notice from the IRS.

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

Agentic AI presents an opportunity to significantly elevate the role of accountants from once-a-year tax preparers to year-round tax consultants. Enter Thomson Reuters CoCounsel for Tax, Audit and Accounting professionals , an AI-driven platform that transforms how tax, audit, and accounting professionals do their work.

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Tax Fraud Blotter: Prep perps

Accounting Today

After the company told him that the bank would not approve the loan without copies of his filed returns, Trifilo provided fabricated documents to make it appear as if he had filed federal returns for 2020 and 2021. He deprived the IRS of $145 million in tax revenue. Philadelphia: Tax preparer James J. All rights reserved.

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