Going Concern

SEPTEMBER 25, 2023

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction.

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ThomsonReuters

OCTOBER 12, 2023

From understanding what foreign income is to navigating various tax forms and deductions, it is important for accountants to understand the ins and outs of U.S. federal income tax return ( Form 1040 ). tax return. tax return for foreign income taxes paid to a foreign government. income taxes.

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Going Concern

FEBRUARY 9, 2024

Tax Betting on the Super Bowl? You gotta pay the piper’ on your winnings, says tax expert [ NBC10 Philadelphia ] All gambling winnings are considered taxable income by the Internal Revenue Service, even if you aren’t a professional gambler. “Win big?

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Withum

FEBRUARY 1, 2024

Last year is a closed book for most transactions that will be reported on your 2023 tax return. However, there are some things you could do now that would simplify your tax return for 2024 and later years and also reduce the fees you pay a professional preparer. Here are some actions to consider.

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LyfeAccounting

APRIL 8, 2021

of all individual tax returns. Judging by the numbers… …it’s clear that returns reporting higher incomes are looked at a bit more closely by the IRS as the ability to benefit from large tax deductions and credits increases. Claiming Large Losses From Gambling. You owe taxes on the gain.

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SkagitCountyTaxServices

FEBRUARY 4, 2021

As a Mount Vernon business owner, you may have a couple different tax returns to wade through each year (and maybe more, depending on the number of active entities you’re managing). Nonetheless, it’s a useful tax checklist. Want to get a jump on things? Yes, or yes? Here’s where you can reach us: 360-424-1040.

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Going Concern

JANUARY 19, 2023

The IRS Criminal Investigation unit has released its top cases for 2022 and in it we get reality TV personalities, a rogue tax preparer, some garden variety PPP fraud, and even a former decathlete with his own Wikipedia page. Burnell did not report any of the money he received from victims in 2011 or 2012 on his income tax returns.

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