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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

TikTok: As a marketplace facilitator, TikTok may be congressionally embattled but is legally required to calculate, charge and collect applicable sales taxes on all sales made through its retail arm, TikTok Shop, which enables product discovery, checkout and post-payment activities from within the TikTok app.

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The Benefits of Delayed Business Filings

CPA Practice

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

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Best States to Practice Dentistry In

DentalAccounting

Connecticut. Certified Tax Coaches are tax professionals with advanced training in proactive tax planning who specialize in finding deductions, credits, loopholes, and strategies to help their clients pay less tax legally. Massachusetts. California. New Jersey. New Hampshire. Minnesota.

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$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

CPA Practice

27, 2023, providing legal guidance on claims made by the postponed deadline. But the three-year window for 2019 unfiled returns was postponed to July 17, 2023, due to the COVID-19 pandemic emergency. The IRS issued Notice 2023-21 on Feb. The IRS estimates the midpoint for the potential unclaimed refunds for 2019 to be $893.

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$1.5 Billion in Refunds From 2019 Remain Unclaimed, IRS Says

CPA Practice

The IRS issued Notice 2023-21 last February that provides legal guidance on claims made by the postponed deadline. But the three-year window for 2019 unfiled returns was postponed to July 17, 2023, because of the COVID-19 pandemic.

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$1.5 Billion in Refunds From 2019 Remain Unclaimed, IRS Says

CPA Practice

The IRS issued Notice 2023-21 last February that provides legal guidance on claims made by the postponed deadline. But the three-year window for 2019 unfiled returns was postponed to July 17, 2023, because of the COVID-19 pandemic.

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Regulatory Compliance Digest | April 2024

Cherry Bekaert

ROV requests that allege discrimination could be routed to the appropriate compliance, legal, and appraisal review staff that have the requisite skills and authority to research and resolve the request). Establish risk-based ROV systems that route the request to the appropriate business unit (e.g.,