ThomsonReuters

DECEMBER 19, 2023

Jump to: What environmental tax breaks are available? What is Form 5695? What is Form 843? What is Form 6627? Helping your clients with claiming environmental tax credits As sustainability initiatives gain momentum, the IRS continues to encourage environmentally conscious actions through a range of tax incentives. Who qualifies for Form 5695?

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LyfeAccounting

MARCH 10, 2021

Avoid Paying Tax Penalties: Here’s How. Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work. 5 Things You Should Know About Tax Penalties.

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Tax tax return Real Estate Government 52

ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. What is the IRS Form 941? The plan consolidated the two tax collections and used a new form to do so.

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income tax tax return payroll Tax 98

LyfeAccounting

MAY 27, 2021

In this post, we’re going to outline what you should do if you receive an IRS letter and how to best handle the situation. In this post, we’re going to outline what you should do if you receive an IRS letter and how to best handle the situation. Picture this…. It’s the end of the week and it’s a beautiful day outside.

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tax return audit Tax accounting and finance 52

ThomsonReuters

JANUARY 9, 2024

Specifically, how humans interpret algorithm enforcement. “Not a single IRS phone operator abated the penalties even though the facts warranted it because the incentive structure was to follow the computer,” he noted. “What happens when the IRS AI finds [an issue] because it’s 1.2 6651 and Code Sec.

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