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Using an Income Tax Preparation Service: Is It Worth the Cost?

MyIRSRelief

When it comes to tax season, many people are faced with the decision of whether to prepare their own taxes or use an income tax preparation service. While it may seem like an added expense, there are many benefits to using a professional tax preparation service that make it well worth the cost.

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Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

MyIRSRelief

Trucking companies form the backbone of the transportation industry, ensuring that goods are delivered efficiently and promptly across the country. However, with the increasing complexity of tax regulations, many of these companies find themselves struggling to maintain tax compliance.

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TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’

CPA Practice

The IRS’s decision to destroy those documents drew scrutiny from lawmakers and tax professionals. This most recent TIGTA audit assessed IRS actions taken to lessen the risk to the tax agency and taxpayers associated with the decision to not process the nearly 30 million paper information returns.

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Friday Footnotes: Client Hid ‘Damning’ Audit; Predictions for the Profession; Accounting Firm Gets Compromised | 4.15.22

Going Concern

A string of disgruntled clients also told CNN that he had taken their money and never submitted their taxes or that he filed them incorrectly. The Financial Reporting Council (FRC) said it had opened an investigation in relation to Deloitte’s audit of Go-Ahead’s annual financial accounts between 2016 and 2021.

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Five Tax Breaks Often Overlooked By Small Business Owners

CPA Practice

citizen and business owner, I really don’t have a problem with paying the taxes I owe. trillion, net , in federal taxes in 2022) goes toward everything from education, transportation and the country’s defense to Social Security, health care and veterans’ benefits. I understand the money the IRS collects (about $4.3

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Clean Energy and Climate Action Offer Tax Benefits

CPA Practice

Target investments to cut localized pollution from port operations, heavy duty trucks, and transportation infrastructure. Diana has 30 years’ experience in bookkeeping, tax, government auditing and fraud investigations.

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Schneider Downs Announces Seven Additions to Ownership Group

CPA Practice

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Deatrick joined the firm in 2009.