RogerRossmeisl

DECEMBER 29, 2024

HSA basics For eligible individuals, HSAs offer a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical needs. Employees cant be enrolled in Medicare or claimed on someone elses tax return. Here are the key tax benefits: Contributions that participants make to.

Tax 259

Tax tax return CPA accountant 259

Withum

JULY 4, 2025

One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. This would provide that an amended return be filed for 2022, and 2023. If a 2024 tax return has already been filed, then an amendment would be required.

income tax 119

income tax Tax Kentucky Agriculture 119

Withum

APRIL 14, 2025

Pass-Through Taxation: Profits and losses can be passed through to the member’s personal tax returns, avoiding double taxation. Cons Self-Employment Taxes: Profits may be subject to self-employment taxes unless the LLC elects S Corporation taxation.

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inDinero Tax Tips

OCTOBER 22, 2024

Table of Contents LLCs Are “Pass-Through” Entities LLC Taxes in Nevada Nevada Commerce Tax Frequently Asked Questions Conclusion The Entrepreneur’s Guide to Tax Saving Strategies Fill out the form to download your guide to find out how you can pay less in taxes Click Here LLCs Are “Pass-Through” Entities LLCs aren’t taxed directly.

Nevada 105

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Withum

JULY 2, 2025

Shleifer filed a joint tax return with his wife in 2014, and on that return, the Shleifers claimed a $2.6 million deduction on their return for unreimbursed travel expenses relating to the expenses of operating the private jet. million, claiming they “inadvertently neglected” to deduct $5.9

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Tax tax return audit Florida 72

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. Let’s take a look at what a digital tax workflow is all about and how it can unlock efficiencies for your accounting firm.

Technology 52

Technology accounting firms Tax tax return 52

Summit CPA

OCTOBER 10, 2024

The majority of returns with incorrect information are due to mistakes rather that fraud. However, there are common areas that you should be extra cautious so that you can avoid any unnecessary scrutiny of your tax return. All of your business income needs to be reported, regardless of the source.

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Nancy McClelland, LLC

JANUARY 12, 2025

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. Tax nerds unite!) “ What About State Information? It puts both you and your CPA at risk.

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Going Concern

NOVEMBER 7, 2024

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #23571431 Certifications: CPA in process Education: BBA Accounting, MA Accounting Experience (years): 5+ years of accounting and tax experience Work experience: All in public accounting Performs full cycle accounting and tax preparation Financial compilations and reporting with clients (..)

Real Estate 52

Real Estate accountant accounted Account 52

Withum

NOVEMBER 21, 2024

To make the election, employees need to complete and sign Form 15620 and mail it to the IRS office where they file their federal income tax returns. If you have questions about the new section 83(b) election form, please reach out to your Withum tax advisor.

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Ronika Khanna CPA,CA

JULY 8, 2025

You report the payment as self-employment income on your personal tax return. Tax Treatment of Management Fees If you pay yourself a management fee: You report the income on the T2125 (Statement of Business Activities) on your personal tax return. You pay income tax on it at your personal marginal rate.

income tax 52

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Withum

DECEMBER 4, 2024

This will permit the corporation to base its 2025 estimated income tax installment payments on the relatively small amount of income shown on its 2024 tax return, rather than having to pay estimated taxes based on 100% of its much larger 2025 taxable income. C corporation pays to add $0.94

Tax 105

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MyIRSRelief

JULY 4, 2025

Understanding IRS Audits: Types, Triggers, and Implications IRS audits represent formal examinations of tax returns and supporting documentation to verify the accuracy of reported income, deductions, and credits.

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ThomsonReuters

JUNE 18, 2025

The PTET allows pass-through entities, such as partnerships and S corporations , to pay state income tax at the entity level and claim a deduction on their federal income tax returns. By electing into a state’s PTET, business owners can effectively workaround the SALT cap.

income tax 91

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Shay CPA

JUNE 25, 2025

Check box on Tax Return – Address Change Inform your accountant to check the ‘Address Box’ change when submitting your business tax returns with the IRS and State authorities. This documentation will be useful if any questions arise about the timing or details of the change.

CPA 52

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Going Concern

JUNE 19, 2025

Tax resolution and amended return preparation.

Real Estate 52

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CPA Practice

JUNE 18, 2025

Removed from Senate Bill: Restriction on regulation of contingency fees with respect to tax returns. The Child Tax Credit is also included and reflects a permanent increase to $2,200. Restoration of the limitation of “downward attribution” of stock ownership under section 958(b).

Tax 87

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Going Concern

JANUARY 17, 2025

Insurance, Beverage, Professional Services, Medical Practices Tech Stack: TaxSlayer, UltraTax Remote Work Experience: Y Salary: $75-$85k Timezone: Eastern Sign up for FREE to learn more about this candidate FTE Tax Senior / Manager | Candidate ID #5306426 Certifications: IRS CCA, CPA CA Education: BA Accounting, MS Accountancy Experience (years): (..)

Real Estate 52

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Dent Moses

JULY 8, 2025

Among its major provisions, The Act offers deductions to eliminate income taxes on certain tips and overtime pay, enhances small business tax relief, and repeals numerous clean energy tax incentives.

Gambling 49

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MyIRSRelief

MAY 23, 2025

Additionally, Mike Habib understands California’s unique tax environment, including state tax issues that often complicate federal tax problems. Unfiled Tax Returns – Your Most Common Questions Answered Q: I haven’t filed tax returns for several years.

California 130

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Going Concern

JANUARY 30, 2025

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting Senior / Manager | Candidate ID #23710075 Certifications: CPA Education: BS Accounting Experience (years): 25+ years accounting experience Work experience (detail): 10+ in public accounting 20+ years tax preparation and review Full cycle accounting, finance, tax and advisory Family office, HNWIs (..)

Real Estate 52

Real Estate accountant accounted Account 52

Withum

MAY 8, 2025

For shareholders, nothing needs to be filed with the IRS until QSBS is sold and the shareholder claims an exclusion from gross income on his or her tax return that includes the year of the sale. Consider the source of the advice and the magnitude of your potential tax benefit before choosing the provider that is right for you.

Tax 59

Tax tax return audit Sales 59

CPA Practice

JUNE 10, 2025

Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.

Oklahoma 59

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Accounting Today

JUNE 9, 2025

At the same time, so-called pass-through businesses in the service sector are pushing to remove a provision in the House bill that limits their ability to claim SALT deductions.

Tax 52

Tax Technology West Virginia audit 52

RogerRossmeisl

OCTOBER 13, 2024

As appearing at the IRS web page entitled “IRS Audits” An IRS audit is a review/examination of an organization’s or individual’s books, accounts and financial records to ensure information reported on their tax return is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

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Wellers Accounting

FEBRUARY 21, 2025

Tom Biggs explains the various end of tax year considerations, and strategies, that form effective tax planning to potentially reduce your bill.

Tax 52

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SkagitCountyTaxServices

JULY 16, 2025

—Maya Angelou Quick Takeaways: Applying for a Business Line of Credit Strengthen your credit: aim for a personal credit score of 660+ and a strong business credit profile. Get your financial records in order: you’ll need up-to-date bank statements, tax returns, profit & loss statements, balance sheets, and the like.

tax return 80

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Going Concern

MARCH 13, 2025

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #23949760 Certifications: EA Education: College level course work, OJT Experience (years):10+ years tax and accounting with public firms Work experience (detail): Recently served as an enrolled agent with a CPA firm 10+ years preparing individual and business tax returns Provides full-cycle (..)

Real Estate 52

Real Estate Tax accountant accounted 52

CPA Practice

JUNE 23, 2025

Jason Bramwell Taxes June 23, 2025  IRS Refines Pre-Filing Agreement Tax Certainty Program Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.

Missouri 93

Missouri Mississippi Technology payroll 93

CPA Practice

JULY 11, 2025

Individuals and businesses in Kerr County, Texas, have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods hit the Texas Hill Country on the Fourth of July.

Texas 98

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CPA Practice

JUNE 23, 2025

Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.

Mississippi 85

Mississippi Texas Tax tax return 85

RogerRossmeisl

JANUARY 26, 2022

The post How Entrepreneurs Expenses are Claimed on Tax Returns appeared first on Roger Rossmeisl, CPA. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by.

tax return 240

tax return Tax CPA Start-ups 240

RogerRossmeisl

AUGUST 6, 2023

The Bureau measures this by tracking the number of businesses applying for Employer Identification Numbers. If you’re one of the entrepreneurs, you may not know that many of the expenses incurred by start-ups can’t be currently deducted on your tax return. The post Starting a Business?

tax return 231

tax return Tax Start-ups CPA 231

RogerRossmeisl

AUGUST 5, 2021

How to treat expenses for tax purposes If you’re starting or planning to launch a new business, keep these three rules in mind: Start-up costs include those incurred or paid while creating an active. The post How New Business Start-up Expenses are Handled on your Tax Return appeared first on Roger Rossmeisl, CPA.

Start-ups 246

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Accounting Today

JANUARY 11, 2024

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan.

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MyIRSRelief

OCTOBER 4, 2024

This article will guide you through the process of correcting errors on your tax return, provide instructions on filing amended returns , highlight common mistakes to avoid, and explain how our tax firm can professionally assist you. Get tax help today by calling us at 1-877-788-2937. Corporation Income Tax Return.

tax return 130

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RogerRossmeisl

JUNE 5, 2022

The post Partners May Have to Report More Income on Tax Returns than they Receive in Cash appeared first on Roger Rossmeisl, CPA. (However, various rules may prevent a partner from currently using his or her share of a partnership’s loss to offset other income.) Pass through your share While a partnership isn’t subject.

tax return 217

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