CapataCPA

JANUARY 13, 2025

Key deadlines affected include: 2024 Individual Income Tax Returns and Payments: Normally due April 15, 2025. 2024 Quarterly Estimated Income Tax Payments: Originally due January 15, April 15, June 16, and September 15, 2025. Quarterly Payroll and Excise Tax Returns: Originally due January 31, April 30, and July 31, 2025.

Tax

ThomsonReuters

JULY 21, 2025

For tax professionals, this is a key moment to reassess strategies, implement new tools, and maximize your clients’ tax savings. When the federal government enacts a tax provision, states must decide whether (or how) to incorporate it. State c onformity and d ecoupling t rends SALT policy shifts have a ripple effect.

tax preparation

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. All rights reserved. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

CPA Practice

NOVEMBER 11, 2024

Allegedly, Dombek and Optimal promoted a tax scheme throughout the United States to illegally reduce customers’ income tax liabilities by using sham management companies to improperly shift income to be taxed at lower tax rates, improperly defer taxable income or claim personal expenses as bogus business deductions.

Texas

CPA Practice

AUGUST 5, 2025

Led by Adam Strach, who founded the firm in 2009, Pipaya is a transaction advisory firm with expertise in the aerospace, defense, and government services industries. The firm provides tax advisory, tax consulting, tax preparation, valuation, outsourced back-office accounting, fractional CFO, litigation support, and startup business services.

Virginia

Accounting Today

JULY 11, 2025

tax policy for digital assets, including assessing emerging regulations, drafting comment letters and participating in government roundtables. All rights reserved. million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena. By Michael Cohn July 10 Like what you see?

Technology

Accounting Today

JUNE 9, 2025

But theres one thing that everybody forgets about that is never included in a government budget, I dont think. She went to the federal government asking for aid. billion in fraudulent earned income tax credits given out, which represented about a third of the tax returns that had the EITC credit on there.

Washington

Accounting Today

JULY 10, 2025

For the "Standard" option, Brown had his preparers falsely claim sick and family leave credits and other false items. Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds. All rights reserved.

Tax

Accounting Today

JUNE 24, 2025

The Wandering Tax Pro ( [link] ): What politicos dub "tax reform" just adds complexity to the code. How any "new Internal Revenue Code must acknowledge and confirm that the one and only purpose of the federal income tax system is to raise the money necessary to fund the government." All rights reserved.

tax preparation

Going Concern

JUNE 6, 2025

India explores creation of home-grown Big Four consulting firms [ International Accounting Bulletin ] The Indian government is considering the establishment of home-grown consulting firms to rival the Big Four—Deloitte, PwC, EY, and KPMG, reported Moneycontrol citing government sources. appeared first on Going Concern.

audit

Going Concern

JULY 18, 2025

[ Raconteur ] “Without clear metrics, it is difficult to know the extent to which AI is improving the quality of audits, increasing efficiency or just adding complexity,” says Akber Datoo, chief executive of D2 Legal Technology, a data and governance consultancy that works with financial institutions. Want Government Efficiency?

audit

Accounting Today

JULY 10, 2025

government. MORE FROM ACCOUNTING TODAY Tax-related court cases Tax Fraud Blotter: Who ya gonna call? By Jeff Stimpson 5h ago Tax Smith+Howard starts new tax practices Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: Site Selection + Incentives and State and Local Income Tax Consulting.

audit

CPA Practice

JULY 14, 2025

OBannon Four tax preparers convicted of defrauding the IRS of nearly $8 million have been sentenced to a combined 105 months in federal prison, the acting United States Attorney for the Northern District of Texas Nancy E. The estimated loss to the IRS from these false tax returns totaled more than $7.5 in restitution.

tax preparation

CPA Practice

AUGUST 1, 2025

The program’s creation and ongoing expansion pose a threat to taxpayers’ freedom from government overreach,” a group of 29 House Republicans said in a December letter to Trump. They argued that the IRS faces a conflict of interest in preparing tax returns because it simultaneously acts as the tax collector and enforcer.

Technology

CPA Practice

APRIL 7, 2023

“If your preparer asks you to sign a blank return, refuses to sign your return as your return preparer, or is charging you a fee based on the size of your refund, consult the IRS’s website and tips to make sure you are not exposing yourself to trouble.” “Tax Goldberg of the Justice Department’s Tax Division. “As

tax preparation

MyIRSRelief

OCTOBER 30, 2023

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. Third, a tax preparer can help you to avoid costly tax penalties and errors.

tax preparation

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

Withum

OCTOBER 3, 2024

Individuals and households that reside or have a business in any one of these localities qualify for tax relief, including: Individuals whose principal residence is located in a covered disaster area and their spouse, if filing jointly. Does disaster relief apply to a taxpayer that is not in a disaster area, but the tax preparer is?

South Carolina

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

CPA Practice

OCTOBER 17, 2023

According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.

tax return

CPA Practice

OCTOBER 1, 2024

2024 quarterly estimated income tax payments normally due on Jan. 15, 2025, and 2025 estimated tax payments normally due on April 15, 2025. Quarterly payroll and excise tax returns normally due on Oct. Qualified disaster relief payments are generally excluded from gross income. 31, 2024, and Jan.

South Carolina

CPA Practice

JANUARY 29, 2024

If you’re entitled to a refund, tax experts say, you should file your return as soon as possible. Otherwise, you’re just lending interest-free money to the federal government. That means if you’re a self-employed person, a business owner or a contractor, or if you have income from a partnership or trust, Direct File isn’t for you.

tax preparation

CPA Practice

FEBRUARY 3, 2023

(TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. As tax season is currently underway, citizens should be reminded that committing tax fraud will lead to criminal prosecution.”

tax preparation

CPA Practice

APRIL 5, 2024

TNS) A Kennewick tax preparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. Taylor prepared 779 returns for S corporations between tax years 2017 and 2020.

tax return

CPA Practice

SEPTEMBER 13, 2024

Quarterly estimated income tax payments normally due on Sept. Quarterly payroll and excise tax returns normally due on Oct. In addition, penalties for failing to make payroll and excise tax deposits due on or after Sept. Qualified disaster relief payments are generally excluded from gross income. 16, 2024, and Jan.

Louisiana

CPA Practice

JULY 8, 2024

1, 2024, to file returns and pay any taxes that were originally due during this period. 1, 2024, deadline will now apply to: Individual income tax returns and payments normally due on April 15, 2024. Quarterly estimated income tax payments normally due on April 15, June 17 and Sept.

Kentucky

Withum

DECEMBER 22, 2023

Taxpayers also must disclose to the IRS identifying information and other details about any advisors or tax preparers who advised or assisted them with their ERC claims. In addition to the VDP, the IRS announced that it started sending up to 20,000 letters with proposed tax adjustments to recapture erroneously claimed ERCs.

income tax

inDinero Tax Tips

MARCH 2, 2023

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. Do You have to pay taxes on cryptocurrency gains?

Tax

ThomsonReuters

APRIL 28, 2022

The federal tax exclusion applies to the fair market value of any employer-provided retirement planning services—regardless of any amount employees contribute to the cost. The value of the services is also excluded from each employee’s wage base for employment tax purposes (e.g., income tax withholding and FICA).

Legal

Going Concern

AUGUST 29, 2024

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

Real Estate

CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

New Jersey

Nancy McClelland, LLC

MARCH 7, 2023

(c) Nataliya Vaitkevich The past three years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. There are products in English and Spanish.

tax return

MyIRSRelief

FEBRUARY 1, 2023

Form 941, also known as the Employer’s Quarterly Federal Tax Return, is a form used by employers to report their federal tax liabilities, including federal income tax, social security tax, and Medicare tax withheld from employee paychecks. How to resolve employment 941 payroll taxiety problems?

Tax

Nancy McClelland, LLC

FEBRUARY 24, 2024

The past four years have been challenging in so many ways, to so many people — but as a tax preparer, I can confidently say that the inability for the IRS to provide its usual level of customer service has been among the most impactful. It’s available for all military members, and some veterans, with no income limit.

tax return

ThomsonReuters

OCTOBER 12, 2023

Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status. tax return.

Tax

inDinero Tax Tips

MAY 21, 2021

The R&D tax credit is a dollar-for-dollar credit against taxes owed in a given year so long as it can show that it is conducting qualified research activities. The credit calculation was designed so that the government subsidizes additional research that your company would not otherwise have undertaken.

payroll tax

CPA Practice

NOVEMBER 7, 2024

QuickBooks Sole Trader allows customers to manage receipts, mileage, expenses, bank transactions and invoices in one place, or via the mobile App, for a holistic view of their finances, whilst simplifying income tax preparation. million sole traders and landlords are set to be affected by MTD for Income Tax.

quickbooks