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S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. However, navigating the tax landscape for S Corps can be complex.

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Corporate Tax Leaders’ Views on GenAI Have Flipped, EY Survey Finds

CPA Practice

A new survey from Big Four firm EY reveals that CFOs’ and corporate tax leaders’ stances on generative artificial intelligence have shifted over the past year—from mostly negative to mostly positive. Tax departments are expected to be the leaders for most organizations as they move quickly along the GenAI maturity curve.

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IRS FIRE's going out for 2027 tax season

Accounting Today

Tax IRS Tax season Tax returns Tax regulations MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026.

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Mississippi, Texas storm victims get tax relief

Accounting Today

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025. 15, 2025.

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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

Simpler Compliance: There are fewer formalities compared to corporations, such as no requirement for a board of directors or annual meetings. Pass-Through Taxation: Profits and losses can be passed through to the member’s personal tax returns, avoiding double taxation.

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Penalty & Interest Abatement: How Mike Habib, EA Can Help You Resolve IRS Tax Issues

MyIRSRelief

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.

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Instead adds AI-driven tax reports

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

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