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IRS Gives Tax Relief Extension to Spokane, Washington, Area Taxpayers Affected by Fires

CPA Practice

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 31, 2023, and Jan.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. What is income tax? How does income tax work? Who has to file income tax?

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7 steps for an accurate and successful corporate tax return filing

ThomsonReuters

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Every company in the U.S.

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Is Tax Relief on the Horizon for Marijuana Businesses?

CPA Practice

By Joy Taylor, Kiplinger Consumer News Service (TNS) Businesses that sell marijuana have a heavy federal income tax burden. They are taxed on their income but can’t write off most of their business expenses. Here is the main federal income tax implication.

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Estimated Tax Payments Are Due June 15, IRS Says

CPA Practice

The reason why is that in the United States, we have a pay-as-you-go system for taxes. That means the IRS requires you to pay taxes as you earn your income. While most people think of paying taxes only as part of their annual federal tax return, there are actually two ways to pay as you go.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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IRS Provides Tax Relief Following State of Israel Terrorist Attacks

CPA Practice

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has announced tax relief for taxpayers impacted by the Oct. 16 tax deadline for those who requested a federal filing extension for last year’s taxes. 7, 2024, to file these returns. 7, 2024 to file 2022 federal tax returns.

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