income tax, Michigan and tax return

His? Hers? Whose Name is Usually First on Joint Income Tax Returns?

CPA Practice

AUGUST 7, 2023

Taylor, Kiplinger Consumer News Service (TNS) Does the order of names on your joint federal income tax return reveal significant things about you and your partner? A recent study suggests the answer could be yes—that tax return name order may hold some clues about social norms and beliefs. of the time.

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Michigan Gets IRS Tax Extension to June 17 Due to Storms

CPA Practice

FEBRUARY 16, 2024

Due to severe storms in August 2023, individuals and business taxpayers in some Michigan counties have until June 17, 2024, to file various federal individual and business tax returns and make tax payments, the the Internal Revenue Service has announced. Quarterly estimated income tax payments normally due on Sept.

Michigan

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

JUNE 9, 2022

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. To help you meet the income tax filing season fully armed and prepared, we have compiled a step-by-step guide.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

APRIL 9, 2024

These taxes fund social insurance programs such as Social Security, Medicare, and unemployment benefits. Here’s a quick breakdown of payroll taxes: Federal Income Tax Withholding : Employers must withhold federal income tax from employees’ wages based on their W-4 Forms and Internal Revenue Service (IRS) guidelines.

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IRS Launches Tax Professional Awareness Week

CPA Practice

JANUARY 8, 2024

The special week is the IRS’ latest effort in support of taxpayers and the tax community. Each year, millions of taxpayers seek the help of tax professionals to prepare their federal tax returns and other filings. “As The IRS reminds taxpayers to make sure they choose a trusted, respected tax professional for help.

Tax

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Is Tax Relief on the Horizon for Marijuana Businesses?

CPA Practice

AUGUST 21, 2023

By Joy Taylor, Kiplinger Consumer News Service (TNS) Businesses that sell marijuana have a heavy federal income tax burden. They are taxed on their income but can’t write off most of their business expenses. Here is the main federal income tax implication. Look for more states to follow suit. _

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

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$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

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. Need to file a 2019 tax return?

Rhode Island

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FIFA World Cup 2022 – Does Captain America Owe Uncle Sam?

Withum

DECEMBER 19, 2022

Whether they grew up playing in the parks of Hershey, Pennsylvania, the frequent downpours of Oxfordshire, UK, the bitter cold of Detroit, Michigan, or the manicured training fields of Borussia Dortmund, most aspiring pro soccer players dream of playing in the World Cup. Per the IRS , the United States has tax treaties with several countries.

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Professional tax help Chicago: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

MAY 22, 2023

In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems. Contact us for tax help today. Tax audits can be time-consuming and require a significant amount of documentation.

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What is sales tax?

ThomsonReuters

JULY 10, 2023

In Ashland, which is in Alameda County, the tax rate jumps up to 10.25 It should be noted that, oftentimes, items that are considered “essentials,” such as groceries or utilities, have a lower or no tax rate as a way to provide low-income tax relief. working on behalf of the entity within Michigan.

Sales

Sales Tax Michigan Washington

Heads Up! Payroll Changes Coming in July

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico. per hour. .

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

MARCH 22, 2021

To illustrate the point that there are a lot of taxes to keep up with, even back in Colonial times. For payroll, in particular, there are a number of taxes. Then, there’s how to pay and file these taxes. This applies to the quarterly payroll tax returns (Form 941) normally due on April 30, 2021.

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Sales tax and nonprofits

TaxConnex

SEPTEMBER 7, 2023

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes. But as always with sales tax, rules vary state to state.

Sales

Sales Tax Non-Profits North Carolina

Last Week in Payroll: The Ides of March

ThomsonReuters

MARCH 15, 2021

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Increasing the earned income tax credit percentage and phase-out percentage from 7.65% to 15.3% In the U.S., 2021 Form 941. Hazard pay to direct care workers.

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A Parent’s Guide to Financial Planning for Higher Education

CTP

NOVEMBER 25, 2022

So, not surprisingly, we’re going to tell you about the most tax-advantageous way to start saving for college. The first 529 College Savings Plan was launched by the state of Michigan in 1986. On average, the median income for college graduates is 84% higher than for students who earn just a high school diploma. Here’s why.

Education

Education Tax accounting and finance Michigan

A Parent’s Guide to Financial Planning for Higher Education

CTP

NOVEMBER 25, 2022

So, not surprisingly, we’re going to tell you about the most tax-advantageous way to start saving for college. The first 529 College Savings Plan was launched by the state of Michigan in 1986. On average, the median income for college graduates is 84% higher than for students who earn just a high school diploma. Here’s why.

Education

Education Tax accounting and finance Michigan

Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

FEBRUARY 16, 2024

Detroit woman accused of being unlicensed real estate agent, CPA charged [ The Detroit News ] A Detroit woman accused of working as an unlicensed accountant and an unlicensed real estate agent has been charged, the Michigan Attorney General’s Office said.

Real Estate

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Accountant Advocate

His? Hers? Whose Name is Usually First on Joint Income Tax Returns?

Michigan Gets IRS Tax Extension to June 17 Due to Storms

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Webinars

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

$1.5 Billion in Unclaimed Tax Refunds from 2019 Set to Expire in July 2023, Says IRS

FIFA World Cup 2022 – Does Captain America Owe Uncle Sam?

Professional tax help Chicago: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

What is sales tax?

Heads Up! Payroll Changes Coming in July

Last Week in Payroll: Keeping Up with Taxes

Sales tax and nonprofits

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A Parent’s Guide to Financial Planning for Higher Education

A Parent’s Guide to Financial Planning for Higher Education

Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

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