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Partnership Income Tax Returns & More Skagit County IRS Targets

SkagitCountyTaxServices

Specifically, that means high-income earners, partnership income tax returns, large corporations, and promoters “aggressively peddling abusive schemes.” Some history on this… The Bipartisan Budget Act of 2015 brought about significant changes in how the IRS handles partnership income tax returns.

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Former CFO of Russian Natural Gas Firm Gets 7 Years in U.S. Prison for Tax Crimes

CPA Practice

Mark Anthony Gyetvay, a former CPA in Naples, Florida, has been sentenced to 86 months in prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts and submitting a false filing to the IRS. Additionally, and despite being a CPA, Gyetvay did not file personal tax returns for 2013 and 2014.

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Expat Taxpayers Face June 17 Deadline for 2023 Filing

CPA Practice

taxpayers living and working outside the United States must their 2023 federal income tax return by Monday, June 17, according to the IRS. are allowed an automatic two-month extension to file their tax return and pay any amount due. and Puerto Rico on the regular due date of their tax return.

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FBAR Update: Recent Changes to Reporting Assets Held Outside U.S.

CPA Practice

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Preparing tax returns.

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Friday Footnotes: Accounting’s Big Lie; BDO Poaching; EY Partners Get Whipped | 10.07.22

Going Concern

BDO recruits three partners away from rivals [ Accountants Daily ] Melbourne and Sydney newcomers bring experience at EY, KPMG and Pitcher Partners. What CFOs Should Consider Concerning ESG Reporting [ The CPA Journal ]. Private company CFOs grapple with new lease accounting [ CFO Dive ]. Attorney Nick Brown.

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Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

Why People Leave Public Accounting [ CPA Journal ]. Writes Edward Mendlowitz, CPA/PFS, ABV: There are many reasons why CPAs decide to leave public accounting firms. Choi Jin Hyuk has reportedly been offered the role of a senior manager at the firm who has been working as an accountant for 12 years.