Nancy McClelland, LLC

FEBRUARY 9, 2024

I’m especially indebted to NATP because when I first started doing taxes, I wasn’t a CPA yet — and spoiler alert: they don’t really teach you that much about tax preparation when studying for your CPA exams; in fact, three-quarters of the test aren’t related to taxes at all.

tax preparation 105

tax preparation bookkeeping Education CPA 105

CPA Practice

FEBRUARY 28, 2024

According to court documents and evidence presented in court, Earnest, Randell, Klish, Barefoot and Wells worked at Sunbelt and conspired together to claim inflated tax refunds for clients by reporting false education credits, itemized deductions and business profits or losses on their clients’ tax returns.

Mississippi 52

Mississippi tax return tax preparation Tax 52

Accounting Today

OCTOBER 19, 2023

dries; and other highlights of recent tax cases. Twice as nice; fuelin' around; before the Inc.

Education 124

Education Tax tax preparation 124

CPA Practice

APRIL 11, 2024

“Taxpayers must look out for unscrupulous preparers, who often will promise refunds that are too good to be true,” said Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division. “If Over the last year, the Tax Division has worked with U.S.

tax return 105

tax return Tax tax preparation Florida 105

CTP

NOVEMBER 15, 2023

But now, even your DIY tax software says it offers tax planning! Real tax planning is very hands-on, customized, and proactive. It takes a trained expert, with advanced education, specialization, and licensure to ensure the highest ethical standards and to protect you legally before the IRS! It CAN’T be that simple!

tax planning 111

tax planning Tax tax preparation tax return 111

MyIRSRelief

JUNE 23, 2023

Unraveling the Tax Services of Enrolled Agents Enrolled Agents offer a wide range of tax services tailored to meet the needs of their individual & business clients. b) Tax Planning: Enrolled Agents provide strategic tax planning advice to minimize tax liability and optimize financial outcomes.

Tax 130

Tax tax preparation tax return audit 130

CPA Practice

JANUARY 26, 2024

The IRS Criminal Investigation unit will hold educational sessions for tax professionals about the employee retention credit (ERC) next month, the agency announced on Jan. These educational sessions will help tax preparers navigate the complexities of ERC claims to ensure they’re in compliance with U.S.

Tax 105

Tax Education tax preparation tax return 105

CPA Practice

AUGUST 14, 2023

For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia. Gonzalez and her co-conspirators charged clients up to $999 to prepare each return.

South Carolina 98

South Carolina Tax tax preparation tax return 98

CPA Practice

AUGUST 11, 2023

For the 2016 and 2017 tax filing seasons, Gonzalez temporarily relocated to South Carolina to prepare returns and manage multiple locations of a tax preparation business located in Columbia. Gonzalez and her co-conspirators charged clients up to $999 to prepare each return.

South Carolina 98

South Carolina Tax tax preparation tax return 98

Nancy McClelland, LLC

MARCH 9, 2024

Thanks so much to Insightful Accountant — a leader in news and education for our industry — for inviting me to join a truly exceptional group of colleagues on the inaugural advisory panel. Read more about the rockstars on this year’s panel here !

Account 52

Account accountant accounted Education 52

MyIRSRelief

DECEMBER 15, 2022

Our Los Angeles based tax firm, led by Mike Habib, EA, represents and helps business taxpayers get compliant with tax & accounting service, contact us today at 1-877-78-TAXES [1-877-788-2937]. What is income tax preparation service? What is business tax preparation service?

tax accountant 130

tax accountant Tax Account accountant 130

MyIRSRelief

OCTOBER 3, 2022

Taxes can be broken down into three categories: what you purchase, what you own, and what you earn. They contribute to resources such as our government, educational systems, law enforcement, libraries, and others. However, individuals who fail to pay taxes can suffer penalties and potential criminal charges.

tax services 147

tax services California Tax tax preparation 147

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how?

South Dakota 191

South Dakota Sales Tax West Virginia 191

MyIRSRelief

NOVEMBER 3, 2023

They must pass a comprehensive three-part exam covering individual and business tax returns, adhere to ethical standards, and complete 72 hours of continuing education every three years. This rigorous training ensures that they are well-equipped to help taxpayers navigate complex tax issues.

Tax 130

Tax tax return audit tax preparation 130

CPA Practice

JANUARY 29, 2024

Direct File also allows you to claim only a truncated list of credits and deductions: the Earned Income Tax Credit for low-income workers, the credits for children and other dependents , the standard deduction , and the deductions for student loan interest payments and educators’ classroom and professional development expenses.

tax preparation 105

tax preparation tax return South Dakota Arizona 105

Going Concern

AUGUST 31, 2023

Education: BBA in accounting Candidate ID # 18756621 Proven client-facing team leader provides full cycle accounting, bookkeeping & more to a wide range of client industries! Education: BBA in Accounting Candidate ID #1 8680068 Are you looking to hire a freelancer? Tech Stack: QBO, QBD, UltraTax, etc.

Account 111

Account accountant accounted CPA 111

CPA Practice

MAY 22, 2023

Most of us are already aware of the Financial Services Modernization Act (known as Gramm-Leach-Bliley) that was enacted in 1999, but you may not be aware of the specific impacts on those of you that are tax preparers. This would include for example, detailing what specific procedures to invoke on their computer (i.e.

tax preparation 105

tax preparation Technology Education accounting firms 105

CPA Practice

JANUARY 8, 2024

We continue to urge taxpayers who need help to reach out to a trusted tax professional, including those who work with recognized national organizations.” The IRS reminds taxpayers to make sure they choose a trusted, respected tax professional for help. The IRS has more information available to help taxpayers select a tax professional.

Tax 111

Tax tax return income tax Minnesota 111

CPA Practice

DECEMBER 10, 2023

While chestnuts crackle and we gear up for the annual tax preparation season, it becomes clear that the winter holidays bring more than just festivities and time off; they also mark the beginning of the tax preparation party. Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ?

tax planning 69

tax planning Tax tax preparation bookkeeping course 69

xendoo

FEBRUARY 23, 2022

A number of factors affect the time it takes to file taxes. Not all of these will be the responsibility of the tax preparer. . First, you must make sure that you have all of the required documentation available for the tax preparer. State or local property tax. Tax Preparation for Small Business Owners.

Tax 94

Tax tax preparation tax return Account 94

CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

cpas 105

cpas Tax tax preparation Technology 105

MyIRSRelief

APRIL 14, 2023

He has a track record of success in resolving complex tax disputes and has saved his clients millions of dollars in taxes, penalties, and interest charges. Mike Habib’s areas of expertise include tax audit representation, tax debt relief, tax planning, and tax preparation services.

Tax 147

Tax tax preparation audit payroll 147

Withum

APRIL 11, 2022

While some taxpayers and tax preparers may continue to receive notices over the next few weeks, there is no need to call or respond if the return was timely filed. Not-For-Profit and Education Services. Notices suspended relate to Form 990 and other forms in the 990 series (990-N, 990-EZ, 990-PF, and 990-T). Contact Us.

tax return 122

tax return tax preparation Education Tax 122

ThomsonReuters

JANUARY 18, 2024

Accountant vs. CPA vs. tax preparer: What are the differences? Accountant vs. CPA vs. tax preparer: What are the differences? Accounting professionals may find that some outside of the profession do not fully understand the differences between an accountant and a tax preparer. So, what are the differences?

Account 59

Account accountant accounted tax preparation 59

CPA Practice

OCTOBER 25, 2023

Join John Sapp, CPA and Chief Revenue Officer at Drake Software and Isaac O’Bannon, Managing Editor for CPA Practice Advisor for a live webinar covering key topics that will affect tax preparers and payers in the upcoming season. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Tax 64

Tax Tennessee CPA Education 64

MyIRSRelief

OCTOBER 16, 2023

Educator Expenses Discover deductions available to teachers for out-of-pocket classroom expenses. Job-Related Expenses Explore miscellaneous deductions, such as unreimbursed job-related expenses and tax preparation fees. Tax Credits for Individuals 3.1. Popular Individual Tax Credits a. Lesser-Known Tax Credits a.

Tax 130

Tax income tax Education tax return 130

ThomsonReuters

APRIL 17, 2024

The ability of GenAI to process vast amounts of data quickly and accurately offers the promise of improved quality and accuracy of work, enhancing the overall efficiency of tax preparation and staying on top of compliance and regulations. “I think we are still in the early stages of generative AI.

Tax 52

Tax tax preparation tax return Technology 52

CPA Practice

DECEMBER 13, 2023

Mention a broad solution (payroll management, for example) and ask if they would like to book an appointment now to work on resolving their challenge after tax season. Separate planning sessions from work sessions: Co-mingling tax planning and tax preparation ultimately provides less value to the client and reduced revenue for your firm.

Tax 105

Tax tax preparation managerial accounting bookkeeping 105

Going Concern

JANUARY 31, 2023

Deena Vang Lee of Fresno, CA, was indicted in April 2019 and charged with wire fraud, aggravated identity theft, aiding and assisting in the preparation and presentation of false and fraudulent tax returns, and making and subscribing false and fraudulent tax returns.

tax return 94

tax return tax preparation Tax Education 94

CPA Practice

FEBRUARY 8, 2024

The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns. To register for a session, tax professionals can click on the date/time below. 12 and running each day next week. 12, at 12 p.m.

Hawaii 124

Hawaii Alaska Arizona Tax 124

Nancy McClelland, LLC

APRIL 16, 2023

(c) Nataliya Vaitkevich via Pexels I used to find it annoying when a client would forward me an article about a tax deduction or credit, to make sure I would take it on their tax return. Though keep in mind — there is no requirement that a tax preparer be a CPA, or even an EA.

Tax 52

Tax tax preparation tax return cpas 52

CPA Practice

FEBRUARY 27, 2024

By Crystal Blythe, IDology Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. This lack of visibility and explainability is especially problematic for high-stakes work like tax preparation. Those days are long gone.

cpas 69

cpas Tax tax preparation Technology 69

CPA Practice

AUGUST 29, 2023

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of September 1, 2023. Nominations for the 2023 Awards are now open. Click here to go to the free nomination form.

CPA 59

CPA tax preparation Education public accounting 59

Accounting Today

FEBRUARY 8, 2024

The Lady in fed; an education in fraud; dependent-happy; and other highlights of recent tax cases.

Tax 112

Tax Education tax preparation 112

Nancy McClelland, LLC

APRIL 9, 2024

For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay.

Illinois 52

Illinois Tax tax preparation tax return 52

ThomsonReuters

APRIL 28, 2022

The exclusion does not apply to services that might be related to retirement planning, such as tax preparation, accounting, legal, or brokerage services. The lack of guidance defining excludable retirement planning services raises some interesting line-drawing questions. For example, what is “retirement” for purposes of the exclusion?

tax preparation 105

tax preparation Education income tax Legal 105

MyIRSRelief

FEBRUARY 1, 2023

Professionalism: EAs are held to high ethical standards and are required to complete continuing education in order to maintain their license. This ensures that they are up-to-date on the latest tax laws and best practices. Tax lawyers must complete a law degree and pass a bar exam in order to practice law.

Tax 147

Tax tax return cpas audit 147