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.

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CPA Practice

APRIL 11, 2024

This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.

South Dakota 98

South Dakota audit tax preparation Legal 98

TaxConnex

MAY 7, 2024

Elsewhere Louisiana’s Board of Tax Appeals has granted summary judgment for the taxpayer in DirecTV LLC v. New Jersey has begun a multi-phased modernization of its tax-filing system. City of Baton Rouge , a case involving the fine difference between tangible personal property and mere access to that property.

Rhode Island 193

Rhode Island Sales Tax South Carolina 193

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

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 sort of virtual hand-holding is similar to what you’d get by using commercial tax preparation software. Who will have access to Direct File?

tax preparation 105

tax preparation tax return South Dakota Arizona 105

Insightful Accountant

FEBRUARY 5, 2024

Changes to the AICPA Statements on Standards for Tax Services (SSTS) are potentially impacting CPAs. While these changes do not govern EAs and other tax preparers, CPAs who offer even a small amount of tax services should be paying attention.

Tax 52

Tax cpas tax preparation tax services 52

CPA Practice

OCTOBER 17, 2023

The IRS announced in May that it was rolling out its own free online tax-filing system in a move that would put the agency in direct competition with online tax preparation software giants like TurboTax and H&R Block.

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TaxConnex

NOVEMBER 15, 2022

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients. government affairs at Wolters Kluwer Tax & Accounting wrote on Accounting Today.

accounting firms 130

accounting firms Sales Tax Account 130

CPA Practice

APRIL 1, 2024

While individuals of any background face the risk of being targeted by the predatory tax filing industry, Latinos may fall victim to unqualified service providers who prey on our community. tax system is not just a matter of modernizing government systems—it’s a matter of justice. Improving the U.S.

tax preparation 52

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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. And NerdWallet recently published a list of free and tax preparation resources.

tax return 52

tax return Tax income tax tax preparation 52

ThomsonReuters

APRIL 17, 2024

This comprehensive study explores the attitudes, perceptions, and usage of GenAI among professionals in the legal, tax & accounting, risk & fraud, and government sectors. I would not want to be too dependent on it,” said one corporate tax director.

Tax 98

Tax tax preparation tax return Technology 98

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 98

New Jersey tax preparation Tax auditor 98

CPA Practice

FEBRUARY 6, 2023

By Samantha Gowen, Los Angeles Daily News (TNS) Tax filers in California who got a Middle Class Tax Refund and a corresponding 1099 form should wait to file their federal tax returns, the IRS said last Friday. The IRS, now two weeks into tax season, issued a statement Feb. And if you’ve already submitted a 2022 return?

California 122

California Tax tax return tax preparation 122

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.

tax return 52

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CPA Practice

AUGUST 18, 2023

government” but rather the “countless individuals and businesses” that suffered during an “unparalleled period of economic distress.” government, surrendered to prison authorities immediately after her hearing as about a dozen tearful family members and friends said their good-byes. Attorney’s Office.

Florida 98

Florida Real Estate tax preparation Government 98

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

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

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MyIRSRelief

APRIL 29, 2024

Audit Representation: In the event of an IRS audit, a qualified tax professional will represent your business, ensuring your rights are protected and navigating the process efficiently. The benefits of partnering with a specialized tax and accounting firm extend far beyond compliance and tax preparation.

Tax 130

Tax bookkeeping Account accountant 130

CPA Practice

APRIL 11, 2024

Early reviews of Direct File show strong support, with users reporting it as “the fastest I’ve ever done my taxes” and “honestly the easiest tax experience I’ve ever had.” One reporter said that “the government has created an actually good piece of software.” Happy Tax Day! Direct File is arguably a long-overdue solution.

Tax 52

Tax tax return income tax Arizona 52

MyIRSRelief

FEBRUARY 1, 2022

This includes the very important topic of taxes (preparation, planning and representation). They are constantly updating their skills and understanding of all the rules, regulations, and laws governing your business, including taxes. Government 736.4 Total nonfarm 5,994.3 Mining and logging 1.9 Construction 252.5

CPA 130

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PYMNTS

MAY 5, 2019

The calls, which came in the form of letters sent to the IRS and FTC from presidential hopefuls Senator Elizabeth Warren and Bernie Sanders among other lawmakers, stem from allegations the companies didn’t promote free government tax preparation options to customers, reported CNBC.

tax preparation 43

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CPA Practice

MARCH 26, 2024

economy, they also say the government system lacked safeguards and fell prey to widespread theft. Millions of government funds rolled into his bank accounts. government seized his four luxury cars and various pieces of jewelry he bought. While authorities credit the pandemic loan programs with propping up the U.S.

Real Estate 124

Real Estate Florida payroll Government 124

CPA Practice

AUGUST 15, 2023

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.

Tax 52

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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. Nominees must have not turned 40 by September 1, 2023.

CPA 59

CPA tax preparation Education public accounting 59

Nancy McClelland, LLC

JANUARY 30, 2024

Tax preparers everywhere spent the past two months gearing up for yesterday’s “opening day” of tax season, January 29th. To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. And we were freaking out about that delay.

Tax 52

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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.

income tax 123

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Going Concern

APRIL 12, 2024

ICYMI: These are the most-read articles on Going Concern this week: Tax Preparer Finds Out in the Worst Way Possible That ERC Wasn’t a Free Money Glitch Survey Says: Which Group of Auditors Are Most Satisfied With Their Salaries? Other clients were there as well with similar accounts, he said.

CPA 97

CPA auditor Tax audit 97

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. Before you design and implement a retirement planning benefit, you will also need to understand how the benefit may be affected by the rules governing ERISA fiduciaries.

tax preparation 105

tax preparation Education income tax Legal 105

ThomsonReuters

SEPTEMBER 7, 2023

Jump to: Child and dependent care credit FAQs What is kiddie tax? What is the adoption tax credit? Claiming children on taxes Choosing the best tax preparation software As all working parents know, the cost of child and dependent care can be a significant financial burden. What is the adoption tax credit?

Tax 52

Tax income tax tax preparation tax return 52

Nancy McClelland, LLC

MARCH 22, 2024

So it’s not surprising that, although the process to participate in the voluntary disclosure program is quite easy and simple — one of the requirements is that the applicant must provide names, addresses, and phone numbers of any advisers or tax preparers who helped with the claim, as well as details about the services provided.

Tax 52

Tax tax preparation CPA audit 52

PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

tax return 91

tax return tax preparation Tax Government 91

LyfeAccounting

FEBRUARY 14, 2021

But ultimately a CPA helps you manage the money in your business while complying with government regulations that your business may be subject to. What Can a CPA Do That Your Bookkeeper or Tax Preparer Cannot? Your tax preparer cannot represent you in court on a tax matter , a CPA can.

CPA 52

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CPA Practice

FEBRUARY 3, 2023

Under the CARES Act approved by Congress in 2020, the federal government started doling out about $813 billion in loans through private lenders and the SBA to support ailing businesses during the pandemic. Hines pleaded guilty to wire fraud and was sentenced to more than six years in prison. The Miami man ended up receiving $4.4

Florida 98

Florida New Jersey payroll Idaho 98

CPA Practice

MAY 12, 2023

While most firms are now comfortable using international resources for fundamental tasks like bookkeeping and tax preparation, forward-thinking firms are calling on them to help with increasingly technical and strategic tasks. And many of these outsourced companies are rising to the occasion.

bookkeeping 98

bookkeeping accounting firms CPA accounting and finance 98

LyfeAccounting

MARCH 10, 2021

Audits are services where CPAs are required to audit your financial information in accordance with accounting and auditing standards set by the government. They know the rules of accounting and can act as a trusted advisor to help you plan for taxes, manage your finances, and overcome business challenges that you’ve never experienced before.

CPA 52

CPA cpas bookkeeping tax preparation 52

CPA Practice

JULY 28, 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. Nominees must have not turned 40 by September 1, 2023.

CPA 52

CPA tax preparation Education public accounting 52

ThomsonReuters

NOVEMBER 15, 2023

Form 990 is a key document that tax-exempt organizations, including charities and nonprofits, must file annually with the IRS. It provides comprehensive information about the organization’s activities, governance, and finances, ensuring transparency and accountability. Fill out the chosen tax form accurately and thoroughly.

Tax 52

Tax Non-Profits tax return accounting and finance 52