Withum

APRIL 24, 2025

Flexibility: Easier to form and manage compared to corporations. Tax Benefits: Pass-through taxation avoids double taxation. Example: A large law firm operates as a PC to take advantage of corporate tax benefits and limited liability, while adhering to state regulations for professional corporations.

corporation tax

Accounting Today

JUNE 13, 2025

Instead launches tax reports feature Valery Kachaev Tax management platform Instead launched an AI-driven tax reports feature. This feature is now available to eligible merchants in the United States using Shopify Tax. … All rights reserved.

Technology

MyIRSRelief

JULY 18, 2025

Understanding IRS Penalties and Interest The IRS imposes penalties and interest to encourage compliance with tax laws and to compensate for the time value of unpaid taxes. Common penalties include: Failure-to-File Penalty : Assessed under IRC § 6651(a)(1) for failing to file a tax return by the due date.

Tax

MyIRSRelief

OCTOBER 11, 2024

Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Personal Tax Preparation Personal tax preparation is one of the most common services provided by Enrolled Agents. This service involves preparing and filing individual tax returns, ensuring that all income, deductions, and credits are accurately reported.

tax services

Accounting Today

JUNE 17, 2025

TaxConnex ( [link] ): Your e-commerce clients can create problems with sales tax obligations in several ways. The latest potential pitfall in this series: filing of tax returns. The Tax Times ( [link] ): The Tax Courts decision in Smith v. All rights reserved.

E-commerce

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 1, 2025

Beyond the obvious benefits of automating cumbersome, inefficient processes, the AI-enabled workflow also allows tax pros to conduct in-depth scenario analyses and provide more proactive, consultative guidance to clients. Leveling up In both examples, firms are using technology to help prepare a tax return. 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

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.

auditor

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

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 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

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

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 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

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

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 19, 2025

Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. All rights reserved. Herman Estes Jr. In March 2023, Estes made a $1.3

Tax

ThomsonReuters

JULY 1, 2025

Instead of toggling between returns and source documents, professional-grade agentic AI pulls relevant figures, applies firm-approved formatting, and drafts the first version. This leaves more time for tax planning, client consultations, and identifying new advisory opportunities.

Tax

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

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.

Tax

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.

accounted

ThomsonReuters

JUNE 12, 2025

That enabled it to achieve total control over its indirect tax process and significantly reduce risks associated with indirect tax calculation, reporting, and compliance. The company reduced ABAP coding / SAP customizations related to tax by 95%! And the company reduced unnecessary tax management costs by more than $1 million.

Tax

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.

accounted

SkagitCountyTaxServices

FEBRUARY 27, 2025

Your business income flows directly onto your personal tax return. Sureuntil self-employment taxes hit. Not all businesses qualify for S corp status, and some states have their own rules and taxes, so make sure you check the specifics before making the switch. This is the simplest setup. Easy, right?

tax return

CapataCPA

APRIL 2, 2025

For clients whose tax documentation has not yet been submitted, our team will be filing IRS Form 7004 by the original due date of April 15, 2025 , automatically extending the filing period.

California

Accounting Today

AUGUST 7, 2025

The study collected responses from March through June 2025 from 1,969 customers who filed annual tax returns in the past nine months using an online service, tax software or a hired professional. All rights reserved.

tax preparation

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. All rights reserved. It is helpful for generating directions or outlining general concepts. Accounting is fact and circumstance driven.

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

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

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

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. No question.

Washington

ThomsonReuters

NOVEMBER 19, 2024

Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. Another 35% is spent on core activities, such as reviewing and signing corporate tax returns, managing tax advisory work, managing risk and communicating with stakeholders.

Technology

Accounting Today

JULY 10, 2025

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. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" All rights reserved. Brown had clients pay him a 10% fee of each refund.

Tax

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

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