inDinero Tax Tips

NOVEMBER 4, 2021

Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit. What is an Audit?

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audit Tax tax return tax preparation 98

ThomsonReuters

MAY 12, 2022

What triggers a sales tax audit and how do you reduce the risk of an audit? Almost all companies undergo a sales tax audit at some point. This sales tax audit guide can help indirect tax teams avoid common audit triggers and manage the sales tax audit as smoothly as possible.

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audit Sales Tax auditor 105

Withum

SEPTEMBER 14, 2022

Thanks to the Inflation Reduction Act the IRS is hiring thousands of new field agents and examiners. Before this new funding, taxpayers of all stripes and income brackets enjoyed a period of very low audit rates due to the IRS’s shrinking workforce, which further exacerbated the audit statistics.

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Tax tax return audit Entertainment 105

ThomsonReuters

JANUARY 26, 2023

He leads the firm’s Contingent Workforce Practice Team and runs the blog, WhoIsMyEmployee.com , which addresses issues of independent contractor misclassification and joint employment. Lebowitz described the IRS test as a “Right to Control” test.

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Legal California Tax New Jersey 59

ThomsonReuters

SEPTEMBER 7, 2023

Which tax software can accountants use for calculating the child tax credit? For accountants, understanding the intricacies of the child tax credit can have a meaningful impact on the families you serve. To see if you or your client qualifies for the child tax credit, use the IRS Interactive Tax Assistant. citizen, U.S.

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Tax tax return income tax tax preparation 52

Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Here’s a crash course for each type of form, followed by an FAQ.

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bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Here’s a crash course for each type of form, followed by an FAQ.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52