CPA Practice
NOVEMBER 4, 2024
State Comptroller Brooke Lierman, a Democrat, said during the meeting Wednesday that her agency “looked back as far as 30 years” and could not identify another time the IRS audited the state. “It It might be the first time the state has ever been audited,” Lierman said. Wes Moore and State Treasurer Dereck E.
CPA Practice
DECEMBER 2, 2024
Audits for the top 0.1% Second, the average doesn’t consider the effect on tax collection in the years following an audit. When examining the tax returns of households that had been audited, tax receipts were higher in the following 14 years for which they have data. on the dollar.
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Going Concern
MARCH 10, 2025
This post from r/CPA popped up when I was scrolling over the weekend, the turnaround gave me a chuckle. See more: What TF Is Going on With CPA Exam Pass Rates? New York Times tells the story of an industry accountant turned IRS auditor in Stalled Audits and a Skeleton Staff: Inside Trumps War on the I.R.S. Good morning!
Anders CPA
NOVEMBER 1, 2022
Key Steps for Audit Preparation. If your organization’s 401(k) plan has never been audited, follow the 80/120 rule. If you currently have between 80 and 120 participants; it may be time to prepare for your first audit. Request a 401(k) Audit Consultation.
CPA Practice
OCTOBER 13, 2023
By Clint Rainey, Fast Company (TNS) Way back in 2012, the IRS launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. Former CEO Steve Ballmer got summoned.
xendoo
MARCH 18, 2021
With approvals and funding of Payroll Protection Program (PPP ) loans ongoing, there will be key accounting considerations that a CPA or accountant can make sure you’re aware of, so you can continue to navigate the changes and make smart decisions for your business. When you have been audited.
ThomsonReuters
MAY 12, 2022
Auditors also examine the depreciation schedule to determine if any sales or purchases of fixed assets occurred during the audit period. If your business has been selected for an audit, consider using a specialist, such as a CPA, a sales tax expert, or a tax professional who specializes in state and local taxes (SALT).
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