CTP

FEBRUARY 29, 2024

Complex tax laws for filing and deducting gambling winnings and losses provide new hurdles for taxpayers. So, as an accountant of a gambling client, you need to have detailed knowledge about gambling winnings and losses, as well as all the rules and regulations related to tax on gambling income. Social players rarely bet.

Gambling 105

Gambling Tax Account accountant 105

CPA Practice

FEBRUARY 11, 2023

After several days of requests by taxpayers, state agencies and the National Taxpayer Advocate , the Internal Revenue Service has provided clarifying the federal tax status involving special payments made by 21 states in 2022. Alaska is in this group as well, but please see below for more nuanced information.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

ThomsonReuters

SEPTEMBER 12, 2023

How to manage state and local tax Do you have clients who live in one state but work in another state? If so, they may be able to lower income taxes through a state-by-state reciprocity agreement, should the agreement exist. Bilateral vs. unilateral agreements Do state reciprocity agreements apply to remote workers?

Indiana 98

Indiana Montana Pennsylvania income tax 98

Katz,Sapper&Miller

MARCH 20, 2020

Yesterday, the Indiana Department of Revenue announced important income tax filing and payment extensions related to upcoming deadlines. Holcomb signed a number of executive orders geared towards providing economic relief, including late payment penalty waivers for the spring property tax installment payments.

Indiana 59

Indiana Tax income tax 59

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Indiana modified?its its Sales Tax Bulletin No. For retailers that can’t include the?

Sales 177

Sales Tax Oklahoma Illinois 177

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file. 16, 2023 to file.

income tax 111

income tax Mississippi tax return Arkansas 111

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. The Internal Revenue Service says that nearly 1.5 The IRS estimates almost $1.5

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

Katz,Sapper&Miller

JUNE 24, 2019

The state of Indiana has adopted statutes that regulate the offering, selling, or issuing of service contracts in the state.1 1 These statutes provide the requirements for a service contract that is sold within the state, and they may provide dealers within the state an opportunity to save significant federal and state income taxes.

Indiana 49

Indiana Tax income tax 49

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. Program level: Basic (no prerequisites required).

Tax 52

Tax North Carolina Indiana CPA 52

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

Going Concern

SEPTEMBER 2, 2022

Accounting firm opens new office in LaPorte [ The Times of Northwest Indiana ] “The field of accounting has undergone significant change since our company began operating 30 years ago. tax laws, giving the IRS $15 million to design a free “e-file” tax return system. What Reddit’s Been Up To This Week.

North Carolina 84

North Carolina Tax Idaho audit 84

CPA Practice

JULY 31, 2023

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. He is a licensed CPA and a member of ACG San Francisco.

Real Estate 97

Real Estate West Virginia Manufacturing audit 97

CPA Practice

JULY 28, 2023

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Properly structuring tax models and aligning regimes that are equitable for all stakeholders, while attempting to balance the economic interests of all participants has now become a vital societal priority.

Maryland 52

Maryland Tax Virginia West Virginia 52

CPA Practice

MARCH 9, 2023

Werfel, a former acting commissioner of the IRS under the Obama administration, won the support of six Republicans, according to the NYT, despite increased scrutiny of the tax agency by many conservatives. Miller departed after the IRS admitted to improperly scrutinizing the federal tax-exempt status of some conservative groups.

West Virginia 59

West Virginia North Carolina Iowa Alaska 59

CPA Practice

JULY 11, 2023

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Brett is a graduate of Youngstown State University.

Real Estate 52

Real Estate West Virginia Construction Manufacturing 52

ThomsonReuters

JUNE 28, 2021

The IRS has issued the much anticipated revised Form 941 , Employer’s Quarterly Federal Tax Return, and its instructions for used beginning with the second quarter of 2021. Generally, if a tax filing or payment deadline falls on a weekend or legal holiday, the due date is the next business day. This includes withholding taxes.

payroll 52

payroll income tax California North Dakota 52

Going Concern

OCTOBER 11, 2022

Small business has unique needs for accounting services: primarily tax and advising, and secondarily day-to-day accounting needs to act as de-facto controllers and decision makers. Frankly, the new graduates don’t even know what a W-4 is or what it is used for or how our tax system works. Suggestions.

Education 84

Education Account accountant accounted 84

ThomsonReuters

JUNE 22, 2021

But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State Payroll Tax Changes. Beginning July 1, new forms will be used to report withholding tax.

payroll 72

payroll Virginia Utah West Virginia 72

PYMNTS

JULY 13, 2018

The current quarter included a 10-cent per share income tax expense. . Officials said non-interest income was down $684 million from the first quarter of 2018, to about $9 billion in the second quarter, citing lower mortgage banking fees and other income. per share, while earnings came in at 98 cents.

South Dakota 40

South Dakota Wisconsin Indiana Real Estate 40