CPA Practice

JULY 7, 2025

Partnership Tax TRP Remove Treas. 1.6011-18 (Basis Shifting TOI Regulations) from the Income Tax Regulations (26 CFR part 1). Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Form 709, U.S.

cpas 85

cpas accounting and finance CPA Technology 85

Accounting Today

JULY 24, 2025

Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. million in income tax. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion.

Tax 59

Tax tax preparation Real Estate tax return 59

ThomsonReuters

JUNE 4, 2025

The global tax landscape is undergoing a significant transformation with Pillar Two, presenting substantial challenges for corporate tax professionals. Navigating these new international tax rules demands more than just diligence; it requires sophisticated technology.

Tax 59

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Accounting Today

JUNE 6, 2025

The new client hub (currently in beta) provides a centralized view of client information, files, folders and projects so firms gain access to the details they need to move work forward. state aviation tax information, which will soon be embedded within the platform. All rights reserved.

Technology 59

Technology audit E-commerce tax preparation 59

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 Philadelphia: Tax preparer James J.

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Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved.

Technology 59

Technology Tax Alaska Construction 59

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. All rights reserved. and to wire fraud. In March 2023, Estes made a $1.3

Tax 69

Tax tax preparation Technology Real Estate 69

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. C corporation pays to add $0.94

Tax 105

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Accounting Today

JUNE 9, 2025

It has to do with young, talented people in public accounting, and the choices that I see them make when they are equipped with complete information. You and other young, talented people of our generation need information to plan for your own future, not a scripted ending penned by someone else with positive intent.

Account 52

Account accountant accounted Technology 52

Accounting Today

JUNE 23, 2025

We did tax returns by hand. And again, I dont have any insight information, its just if I had to predict the future. All rights reserved. Jeff Weiner (22:34): Oh, its a completely different profession than when I started. When I started, we used seven column or 14 column paper pencils and didnt have a computer.

accounting firms 95

accounting firms Technology accounting and finance audit 95

ThomsonReuters

APRIL 15, 2025

From compiling tax returns, to compliance reporting, to providing visibility over the impact of liabilities on business operations, having up-to-date, complete and accurate data at your fingertips is vital. And gaining insights from that disparate data to inform the wider business strategy is a whole other stor y.

Technology 52

Technology Tax accounting and finance tax return 52

Menzies

JULY 14, 2025

The nature of Touchlight’s business means they have to constantly fund development and achieving the most efficient tax outcomes is of great importance. Results and outcome Accounts Corporation Tax R&D/Innovation Menzies supported Touchlight in the accounts preparation for the group, to facilitate the audit of their financial statements.

corporation tax 52

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Withum

DECEMBER 17, 2024

The issue surrounding this additional 20% deduction means that owners of S Corporations and Partnerships will see an increase in their taxes by the sunsetting of this extra 20% deduction. It is important to note the TCJA sunsetting will not eliminate the 21% corporate tax rate.

Tax 52

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Accounting Today

JUNE 26, 2025

The agent provided Gibson with a W-2 for 2021 and offered no information about valid deductions for business losses, capital losses and bad debt. Gibson initially prepared an appropriate return from which the agent would have owed taxes. All rights reserved.

Tax 71

Tax Technology tax preparation CPA 71

ThomsonReuters

NOVEMBER 19, 2024

Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. Trade policy changes may result in new duties being applied to goods that were previously duty-free or cause certain medical devices to lose their preferential tax treatment.

Technology 59

Technology Tax tax return corporation tax 59

Accounting Today

JUNE 9, 2025

There were corporate tax provisions which were permanent, (02:20): And there were the individual and estate provisions, which under that law are scheduled to sunset at the end of this year. You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns. No question.

Washington 52

Washington New York Florida Tax 52

Accounting Today

JULY 21, 2025

IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018. income tax return. income tax returns and falsely reported that the $150,000 payment was for legal fees.

Rhode Island 89

Rhode Island Tax tax preparation Technology 89

Accounting Today

JUNE 25, 2025

With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It More than 95% of processed returns were e-filed and some 62% resulted in refunds. IRS employees manually transcribe data from paper-filed tax returns, digit by digit, into IRS systems.

Technology 106

Technology tax preparation tax return audit 106

MyIRSRelief

MAY 2, 2022

Amending and or correcting a US corporate 1120 or 1120S business tax return (1120X), there are many reasons to do so: Corporate business returns often require amendments to correct errors or to claim overlooked income, deductions or tax credits after the filing of the returns, if located in Los Angeles, CA or other city.

tax return 130

tax return corporation tax Tax audit 130

MyIRSRelief

DECEMBER 1, 2023

C Corporations are a common choice for many businesses, offering a range of tax benefits that can lead to significant savings. This article will answer some of the most frequently asked questions about C Corporation tax savings. What is a C Corporation? This can significantly reduce a corporation’s taxable income.

corporation tax 130

corporation tax Tax tax planning income tax 130

MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. What is an S Corporation? We assist in business tax compliance, preparation, planning and representation.

corporation tax 130

corporation tax Tax tax return Non-Profits 130

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

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corporation tax Tax income tax financial statements 98

Withum

AUGUST 25, 2022

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. Penalties under §6698(a)(1) & (2) for form 1065 (partnership tax returns).

tax return 128

tax return corporation tax Tax tax services 128

ThomsonReuters

FEBRUARY 22, 2024

It is inevitable that in the next few years, it will impact – and even transform – how corporate tax professionals go about their work. So, what are the key aspects of AI that are likely to affect the world of corporate tax? Here are the top five AI terms corporate tax professionals need to know: 1.

corporation tax 93

corporation tax Tax Technology audit 93

Withum

JANUARY 13, 2022

Now that these programs are expiring it is time to report all these funds on taxpayer’s 2021 business tax returns. This article will serve as a cheat sheet to taxpayers and practitioners to properly report COVID-19 relief funds on their 2021 tax returns. For more information, see our article on this change in law.

Tax 126

Tax tax return income tax corporation tax 126

xendoo

JANUARY 25, 2021

Wage and Tax Statement for Full- and Part-Time Employees). Information Return by Employers to the IRS on Form 1099s Issued to Independent Contractors). S Corporation Tax Filing. for a calendar tax year). March 15 Submit Form 1120S Income Tax Return. Partnership Tax Filing. W-2 Filing.

Tax 98

Tax income tax tax return corporation tax 98

ThomsonReuters

JANUARY 21, 2022

It’s a new year and that means new tax laws and other tax changes. Below are changes that take effect this year, along with other tax planning information. First off, the deadline to file individual tax returns is April 18. March 15, 2022 : Partnership and S corporation returns for calendar year 2021.

Tax 111

Tax tax return corporation tax tax planning 111

ThomsonReuters

MARCH 4, 2024

Preparers have the following perfection periods to correct and retransmit tax returns or extensions that were filed on time but were rejected by the filing deadline. The IRS considers returns that are resubmitted electronically during the applicable timeframe as timely-filed returns.

tax return 98

tax return corporation tax Tax accounted 98

Withum

OCTOBER 3, 2024

Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Individuals and households that reside or have a business in any one of these localities qualify for tax relief, including: Individuals whose principal residence is located in a covered disaster area and their spouse, if filing jointly.

South Carolina 130

South Carolina North Carolina tax preparation income tax 130

Ronika Khanna CPA,CA

JUNE 7, 2024

If you are registered in Quebec, you are also required to file QST Returns. Sales tax returns reflect the amounts charged on products and services, which are collected on behalf of the government. The administration and tax filings is significantly less onerous than for payroll, however, there are other drawbacks.

Tax 98

Tax corporation tax tax return payroll 98

ThomsonReuters

JUNE 26, 2024

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. The 2023 State of the Corporate Tax Department study describes this shift as going from a reactive to a proactive state.

corporation tax 59

corporation tax Technology Tax E-commerce 59

Ronika Khanna CPA,CA

APRIL 26, 2024

This includes tax payments, which tax agencies have tried to make as easy as possible by offering several options. The benefit of making tax payments online is that they allow businesses reduce the hassle of manually transcribing information onto forms that then have to be mailed in along with a cheque, before a certain due date.

corporation tax 80

corporation tax payroll Tax Sales 80

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. Whether it’s advising on residential energy tax credits or restructuring a partnership, your knowledge and expertise beyond the tax return are valuable.

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Tax tax return income tax audit 98

xendoo

JANUARY 12, 2022

Not only will this save you from sweating over a shoebox full of receipts, but making on-time tax payments will save you from any late fees or interest payments. To help you with this process, we’ve put together this complete guide for filing business taxes in 2022. What Is the Business Tax Filing Deadline for 2022?

business tax 98

business tax Tax tax return tax preparation 98

Ronika Khanna CPA,CA

MAY 26, 2023

While submitting your tax return is accompanied by a significant sense of relief, one cannot completely relax until you receive the notice of assessment from Revenue Canada (and Revenue Quebec for those of you lucky enough to file two tax returns). It also provides information pertaining to future years.

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tax return income tax Tax corporation tax 52

Menzies

APRIL 4, 2023

To allow HMRC to check that the correct amounts of tax have been paid by taxpayers, they have been afforded formal legal powers to request information and documents from taxpayers. Taxpayer safeguards Paragraph 21 lists only four scenarios where HMRC are able to make an information request under Schedule 36.

tax return 52

tax return chartered accountant Legal accounting and finance 52

Ronika Khanna CPA,CA

APRIL 25, 2025

There are essentially two types of tax returns for small businesses and the self employed. If you are an unincorporated sole proprietor or a partnership, you are required to fill out the statement of business activities (T2125) on your personal tax return also referred to as the T1. in Ontario. (A

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Tax corporation tax tax return income tax 59