Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. All rights reserved.

Tax

Accounting Today

AUGUST 1, 2025

Tech leaders among tax and accounting firms are finding ways to integrate previously disparate components of their day-to-day operations into streamlined, connected workflows that automatically embed critical intelligence at every step in the process. Leveling up In both examples, firms are using technology to help prepare a tax return.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Technology

Accounting Today

AUGUST 4, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. Quarterly estimated income tax payments normally due on Sept. Quarterly payroll and excise tax returns normally due on July 31 and Oct. 15, 2025, and Jan.

New Mexico

Accounting Today

JUNE 9, 2025

Audit Audit preparation Client retention MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief. All rights reserved.

auditor

Accounting Today

JULY 24, 2025

West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. For 2015 and 2016, he filed tax returns that stated he owed more than $2 million in taxes for both years but did not fully pay the taxes. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax

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. Herman Estes Jr.

Tax

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.

Tax

Accounting Today

JULY 28, 2025

You know, Im just doing a tax return or Im just doing this. Its really coming around to our internal employees and saying, "Its not just [a tax return], you are worth this." All rights reserved. Im not worth it.

Technology

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

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. All rights reserved. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

Accounting Today

AUGUST 7, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email A new study revealed that TaxSlayer ranks highest in customer satisfaction among do-it-yourself tax services. Tax Preparation Satisfaction Survey found that the perceived value for price is the differentiating factor between top- and bottom- performing brands. All rights reserved.

tax preparation

Going Concern

JULY 17, 2025

TAX CANDIDATES FTE Tax Senior / Manager | Candidate ID # 24420440 Certifications: CPA Education: BS Accounting Experience (years): 6+ accounting and tax experience Work experience (detail): All in public accounting Leads accounting and tax teams Full cycle accounting, month end, financial reporting Tax preparation and review SMBs, estates, trusts, (..)

Real Estate

Accounting Today

JUNE 9, 2025

By Daniel Hood 34m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Account

CapataCPA

APRIL 2, 2025

Affected taxpayers now have until October 15, 2025 , to file their returns and make any required payments. Extension Due Dates for 2024 Tax Year As part of our ongoing support for the community, CAPATA is taking proactive steps to ensure timely compliance.

California

Accounting Today

JUNE 26, 2025

Hartford, Connecticut: Tax preparer Clyde Gibson Jr., 43, has pleaded guilty to tax fraud. From at least 2015 into 2024, Gibson was a tax preparer under the name Build Understand Destroys LLC. He prepared thousands of federal returns, many of which claimed false deductions. All rights reserved.

Tax

Accounting Today

JUNE 23, 2025

We did tax returns by hand. 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. We didnt have iPhones, we didnt have the internet, we didnt have email.

accounting firms

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Account

Accounting Today

JUNE 24, 2025

Whether advising nonprofits, preparing a tax return or planning an estate strategy, professional recommendations must be based on facts, rules and professional judgment. By Michael Cohn 4h ago Tax House vs. All rights reserved. It is helpful for generating directions or outlining general concepts.

Rhode Island

Accounting Today

JULY 15, 2025

She added later that Ready to Advise is vendor agnostic, as "our initial launch will have the user uploading the tax return, so it doesnt matter what your tax compliance solution is, you can use Ready to Advise." All rights reserved.

Technology

Accounting Today

JULY 29, 2025

Accountants also dedicate substantial time to recording activities, including (though increasingly automated by software) ledger entries, tax liability entries, transfer pricing, intercompany transactions, tax return preparation and preparing for SEC filings in publicly listed organizations. All rights reserved.

accounting and finance

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.

Washington

Accounting Today

JULY 10, 2025

For the "Standard" option, Brown had his preparers falsely claim sick and family leave credits and other false items. Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. All rights reserved.

Tax

Accounting Today

JULY 21, 2025

Grand Prairie, Texas: Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in prison. Adenisimi pleaded guilty last year to falsely preparing returns and admitted to fraudulently obtaining two Paycheck Protection Program loans totaling $760,415.

Rhode Island

Accounting Today

AUGUST 4, 2025

These multi-hustles can range from hobbies like selling baseball cards on up to truly working multiple jobs at once, and its making those individuals financial, accounting and tax situations far more difficult. Traditionally, accounting firms may have offered a personal income tax return option along with a business owners C corp tax returns.

Account

Accounting Today

JUNE 30, 2025

Then theres the tax return thats 95% done but still waiting on "one more thing." All rights reserved. You finish a long day, turn off all three of your monitors and try to relax. But just as youre about to take your foot off the accelerator you remember a clients email that you forgot to respond to. three days ago. Sound familiar?

Account

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 It is critical that the IRS begin to take steps now to prepare." More than 95% of processed returns were e-filed and some 62% resulted in refunds. All rights reserved.

Technology

Accounting Today

JULY 2, 2025

Tips to prepare them. Was This Convicted Tax Return Preparer Courageous or Foolish?" CLA ( [link] ): Real-estate-owning clients looking for ways to streamline tax compliance and enhance deductions can look to an often-overlooked strategy: the de minimis safe harbor election. All rights reserved.

North Carolina

Accounting Today

JULY 21, 2025

This allows taxpayers that incurred R&D costs but did not claim the R&D credit to amend tax returns for 2022-2024 to capture the R&D tax credit benefit without capitalizing the related expenditures creating significant refund opportunities," Johnson noted. All rights reserved.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Tax

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 15, 2025; Quarterly estimated income tax payments normally due on Sept. 15, 2026; Quarterly payroll and excise tax returns normally due on July 31, Oct.

Texas

Accounting Today

JUNE 25, 2025

Accountants can help, for example, when they notice suspicious activity on a clients tax return. "A All rights reserved. The elderly resident was forced to move to a long-term care facility after leaving the hospital. A phone call to Adult Protective Services is always warranted," said Hasenauer.

Technology

Accounting Today

JULY 29, 2025

The Office of Personnel Management recently proposed a rule adding new suitability criteria for federal employees, including "failure to comply with generally applicable legal obligations, including timely filing of tax returns." All rights reserved.

Tax

Withum

OCTOBER 3, 2024

Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is? Per the IRS website , disaster relief applies to the clients of tax preparers who are unable to file returns or make payments on behalf of the client because of a federally declared disaster.

South Carolina

CPA Practice

APRIL 5, 2024

TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. By Annette Cary, Tri-City Herald, Kennewick, Wash.

tax return

CTP

NOVEMBER 15, 2023

The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. Not all tax planning is the same!

tax planning

Canopy Accounting

SEPTEMBER 29, 2023

Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes. Form 1120, the U.S.

income tax