CPA Practice
APRIL 11, 2024
This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.
MyIRSRelief
MAY 15, 2024
This FAQ dives into the common tax pitfalls nonprofits face, explores the power of enrolled agents (EAs) as your tax superheroes, and equips you with the knowledge to keep your organization financially healthy, tax preparation & planning and compliance. Q: My nonprofit is tax-exempt. A : Not quite!
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CPA Practice
APRIL 5, 2024
TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.
CPA Practice
MARCH 26, 2024
ERC audits. Additionally, the agency says thousands of audits are underway, as are investigations into abusive promoters. In addition to recapturing funds, the IRS is pursuing criminal charges against promoters and preparers engaging in fraudulent ERC practices. All contents copyright 2024 The Kiplinger Washington Editors Inc.
MyIRSRelief
MAY 1, 2024
Your tax professional will guide you through tasks like payroll tax deposits, estimated tax payments, and state and local tax regulations for your chosen business structure (C corporation, S corporation, or partnership), ensuring smooth sailing with tax authorities.
CPA Practice
AUGUST 11, 2023
The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.
CPA Practice
DECEMBER 11, 2023
Agrees on Landmark Artificial Intelligence Rules ,” and The Washington Post’s “ E.U. Source: [link] Enhanced Financial Reporting and Auditing : AI will improve financial reporting and auditing processes. Additionally, AI will automate audit procedures, improving efficiency and reducing the risk of human error.
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