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New Jersey Allows Cannabis Businesses to Deduct Expenses on State Taxes

CPA Practice

“It will ensure that dispensaries are paying a fair amount of taxes by taking into account critical business expenditures and allowing these deductions from their income.” Troy Singleton,” Ralph Albert Thomas, NJCPA executive director, said in the wake of the bill’s passage.

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Illinois CPA Society Presents 2023 Lifetime Achievement Award

CPA Practice

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. He is also a frequent contributor to ICPAS’ Insight magazine and often represents ICPAS to the public in various media appearances. Rahill III, CPA/PFS, JD, LL.M.,

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CPE Webinar September 12, 2023: Cybersecurity for the Tax Practitioner

CPA Practice

Jared Ballew, 2022-23 Chair of the ETAAC and Vice President of Government and Industry Relations at Taxwell; and Ann Campbell, CPA CIA and Drake Software Trainer will share an overview of the cyber threats that taxpayers and tax professionals face daily. Gail is a member of the AICPA’s PFS Credential Committee.

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The Essentials of Beneficial Ownership Reporting

Withum

Federal income tax or information return reporting more than $5 million in U.S.-source Will the reported beneficial ownership information become public? Yes, there are 23 exemptions from the reporting requirement, including the following: Inactive entities owned by U.S. See FAQ #A.3.

Legal 116
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Los Angeles Tax Services – Local tax firm serving all Southern California

MyIRSRelief

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.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. Trust tax preparation can be a challenging task, even for experienced tax preparers. Fees: Ask about the tax preparer’s fees upfront. Form 1041, U.S.

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Everything You Need to Know About Beneficial Ownership Reporting

Withum

Federal income tax or information return reporting more than $5 million in U.S.-source Will the reported beneficial ownership information become public? Yes, there are 23 exemptions from the reporting requirement, including the following: Inactive entities owned by U.S. See FAQ #A.3.

Legal 91