CPA Practice

JUNE 23, 2025

Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.

Mississippi

CPA Practice

JUNE 23, 2025

” Related article: Trump IRS Nominee Billy Long Grilled Over Ties to Fraudulent Tax Credits After Long, 69, left Congress in 2023, he received at least several thousand dollars in compensation from White River, which holds oil and gas mineral leases in Louisiana and Mississippi.

Missouri

CPA Practice

APRIL 11, 2024

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 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.

tax return

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.

income tax

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

CPA Practice

SEPTEMBER 9, 2024

Their withholding and tax credits to be less than the smaller of: 90% of the tax to be shown on their 2024 tax return, or 100% of the tax shown on their complete 12-month 2023 tax return. Late and skipped estimated tax payments can incur penalties even if a refund is due when a tax return is filed.

South Dakota

CPA Practice

APRIL 24, 2023

The LLC owners (called members) also report business profits and losses on their individual income taxes. For filing season 2022, the Treasury Department and the IRS updated the 1065 partnership form to simplify the computation of deductions and credits and how partners compute their federal income tax liability.

Legal

inDinero Accounting

DECEMBER 5, 2023

If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. QSBS Rules for Qualification QSBS Tax Treatment How to Report QSBS on Your Tax Return Conclusion What is the QSBS Exemption? This would come to a capital gains tax bill of $140,000 ($500,000 * 0.28).

tax return

Going Concern

JULY 21, 2023

So now, having both sides of the Mississippi River offering new service offerings has just really jump-started our ability to continue to hire individuals.” PwC, which triggered the inquiry with its tax leaks scandal, has provided its agreement but asked the committee to keep it confidential.

audit

Going Concern

FEBRUARY 26, 2024

Price and his tax return preparation business, Price’s Accounting Firm Inc., from preparing federal income tax returns for others. Over the years, they prepared thousands of fraudulent returns, causing over $3.5 million in tax loss to the IRS. The complaint, filed in the U.S.

audit

Going Concern

AUGUST 28, 2023

Two Mississippi State University grads were recognized for getting the highest CPA exam scores in their state : Karis Pannel, of Tupleo’s Byrne Zizzi CPAs, received the MSCPA’s Fred T. 2022 state income tax refund might be coming. Then he answered, “ We’re understaffed and we had a lot of income tax returns last year.”

accounting firms

CPA Practice

OCTOBER 2, 2023

Affected taxpayers now have extended tax deadlines of Feb. 15, 2024, to file certain tax returns and make tax payments. The tax deadline extension for Louisiana follows tax relief for several other states this year, including tax extensions for Maine and Massachusetts. 20, 2023, to Feb.

Louisiana

TaxConnex

FEBRUARY 11, 2025

The new rate is 5%, up from 4.45%, creating a combined state and local sales tax rate of some 12%. In Mississippi, have passed House Bill 1, which would eliminate the state income tax, trim the states high taxes on groceries and potentially raise municipalities sales taxes. Effective Jan.

Sales

TaxConnex

MARCH 18, 2025

Thats the cry behind more than political movement these days and states wrangling over sales tax on groceries is no exception. Sarah Huckabee Sanders has reportedly unveiled a proposal to eradicate the remaining 1/8 th -cent state sales tax on groceries. In Arkansas , Gov.

Sales