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IRS Announces Broad-Based Penalty Relief

Withum

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).

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Compliance with Tax Filings: All tax returns must be filed. The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? What should I do? What should I do?

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What is tax advisory?

ThomsonReuters

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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FAQs on Tax Treatment for COVID Relief Programs

Withum

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.

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Dates and Deadlines: When You Can File Small Business Taxes in 2022

xendoo

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?

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). The post LLC vs.

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LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Filing articles of organization with information such as the LLC’s name, purpose, address, duration, management structure, and members. Paying taxes and fees based on the state requirements. This way you avoid double taxation (where the corporation and shareholders pay tax on the same income). The post LLC vs.

Tax 52