MyIRSRelief

OCTOBER 11, 2024

Get help today by calling us at 1-877-78-TAXES [1-877-788-2937]. Personal Tax Preparation Personal tax preparation is one of the most common services provided by Enrolled Agents. This service involves preparing and filing individual tax returns, ensuring that all income, deductions, and credits are accurately reported.

tax services

Withum

DECEMBER 4, 2024

financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits.

Tax

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware

CPA Practice

JULY 7, 2025

Provide guidance on Notice 2020-75 and sections 469 and 163 on nonpassive versus passive income and interest expense tracing. Provide guidance on section 111 application to state tax refunds at the individual level and ordering between passthrough entity income tax payments and nondeductible estimated payments and withholding.

cpas

SkagitCountyTaxServices

MARCH 6, 2025

And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Monday, March 17 : S corporation and partnership tax returns are due for calendar-year businesses. Whats in it for you?

tax return

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns.

Tax

Accounting Today

JUNE 19, 2025

Between 2002 and 2018, he generated millions of dollars in gross receipts sales. Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect.

Tax

Going Concern

JUNE 5, 2025

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting / Senior | Candidate ID #18173947 Certifications: CPA Education: BBA Finance Experience (years): 5 years accounting and tax experience Work experience (detail): All in public accounting 6 tax seasons experience, 3 working remotely Prepared complex returns for HNWIs, partnerships, S and C Corps (..)

Real Estate

CPA Practice

JULY 14, 2025

One tool that handles everything from source document gathering all the way to tax return assembly/delivery—and automates manual tasks like intake, signatures, and deadline reminders—makes your firm a more attractive employer, too.

West Virginia

Menzies

JANUARY 23, 2025

HMRC launched a new one-to-many campaign on 15 January 2025 specifically targeting delivery drivers who HMRC believe have failed to deliver a tax return disclosing their income. Read on to find out how to address your past and present UK tax obligations. Once registered, you can then prepare and file a tax return.

tax return

Dent Moses

MAY 5, 2025

One of the most notable is pass-through taxation, which allows income, deductions, and credits to flow through to the shareholders personal tax returns, avoiding the double taxation faced by traditional C corporations. These criteria must be continuously met to maintain S corporation status.

income tax

Going Concern

FEBRUARY 10, 2025

You’d think it paid a lot in taxes, right? Well it paid precisely $0 in federal income taxes last year. Sendil Palani replies : Professor, Respectfully, Tesla’s income taxes are not an example of fraud. Tesla complies with all tax regulations in all of the regions of the world in which we operate.

Indiana

MyIRSRelief

JULY 25, 2025

Metro Area Cincinnati-Middletown, OH-KY-IN MSA Tax issues can be overwhelming, whether you’re an individual taxpayer or a business owner in Cincinnati, OH. From unfiled tax returns to unpaid back taxes, IRS audits, payroll tax problems, and liens or levies, these challenges can disrupt your financial stability and peace of mind.

Ohio

Withum

JANUARY 7, 2025

Per these regulations, Form 1099DA will be used to report digital asset sales to the IRS and to assist taxpayers with reporting on their income tax returns. The IRS requires that these forms be sent to taxpayers in early 2026 for use on taxpayers tax returns for the 2025 tax year.

tax return

Going Concern

JULY 10, 2025

TAX CANDIDATES FTE Tax and Advisory | Candidate ID #24421361 Certifications: CPA Education: BBA Accounting Experience (years): 30 years accounting experience Work experience (detail): 10+ in public accounting Manages a book of clients, tax prep, sign off, advisory Leads client tax planning and transaction advisory Researches and presents tax savings (..)

Real Estate

CPA Practice

JUNE 18, 2025

Removed from Senate Bill: Restriction on regulation of contingency fees with respect to tax returns. The Child Tax Credit is also included and reflects a permanent increase to $2,200. Restoration of the limitation of “downward attribution” of stock ownership under section 958(b). Log In Need more information?

Tax

CPA Practice

JULY 30, 2025

Of course, gig workers still need to keep track of their income because they’re required to file a tax return with the IRS if they have net earnings of $400 or more from gig work.

Technology

CPA Practice

JUNE 26, 2025

The company also uses Avalara’s tax code database and AI tools to classify product SKUs and apply exemptions efficiently within Shopify. By reducing manual intervention and automating sales tax returns, the tax team saved significant time and reduced errors across filings in more than 50 U.S. jurisdictions.

Technology

CPA Practice

AUGUST 7, 2025

Expand Electronic Federal Tax Payment System (EFTPS) capabilities, which would enable business accounts to submit payments on behalf of individuals for Form 1040 and 1040-NR, including estimated tax payments, extension payments and balances due. 3975 , the Tax Fairness for Disaster Victims Act , introduced by Kennedy.

audit

Menzies

JULY 23, 2025

You may also need to pay Income Tax and National Insurance if you receive crypto through: Employment Mining Staking Lending or yield-generating platforms These tax rules aren’t new, but the enforcement landscape is changing rapidly. swap, sale, staking, reward) 3. close close What happens if you don’t comply?

Georgia

CPA Practice

JULY 25, 2025

Accounting July 25, 2025  San Francisco-Area Accountant Faces More Federal Charges Michael Gilbert, who was charged with filing false tax returns in February, was indicted this week on charges of mail fraud and money laundering in an alleged scheme that deceived clients.

Technology

CPA Practice

JULY 15, 2025

Many people assume that the maximum 529 plan contribution is $19,000 per child in 2025—or $38,000 if you file jointly—but that’s the maximum amount you can contribute without exceeding the annual gift tax limit. (If Here’s what else you should know about using a 529 plan to save for your kids’ education.

Technology

Withum

AUGUST 4, 2025

Small businesses, defined as those with gross receipts under $31 million on average from 2022 to 2024, can amend their 2022 to 2024 tax returns to retroactively apply immediate expensing. Note that if the 50% or 75% exclusion, the amount not excluded is subject to a 28% tax rate, plus the net investment income tax, if applicable.

Tax

Withum

DECEMBER 4, 2024

Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI). Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2024 that are phased out over varying levels of adjusted gross income (AGI).

tax planning

TaxConnex

JULY 22, 2025

Soon after you start dealing with sales tax, you’re going to also run into excise tax. According to the IRS , excise taxes “are imposed on certain goods, services and activities. Excise taxes, which in the U.S. Targeted tax If sales tax is broad-based, excise tax is specific.

Sales

CPA Practice

JULY 14, 2025

According to court documents, Festus Adenisimi, of Mansfield, Texas, was the owner of FA Tax, a tax preparation business located in Grand Prairie, where he and other tax preparers prepared fraudulent tax returns for their clients, often causing the IRS to issue refunds to those clients. in restitution.

tax preparation

Generate Accounting

OCTOBER 31, 2024

That’s shown the tax risks overwhelmingly relate to taking the cash for personal use without recording sales and/or paying employees in cash. Also, when businesses handle significant amounts of cash, business owners have a stronger means, motive, and opportunity to choose not to record the cash sales correctly for tax purposes.

audit

TaxConnex

JULY 31, 2025

There’s always something changing in the world of sales tax, and this year has been no exception. Louisiana, for instance, hiked its sales tax and made its combined rate among the highest in the country. Kansas finally dropped its sales tax on some groceries to zero. Here’s a look at the major trends.

Sales

CapataCPA

FEBRUARY 18, 2025

Federal and State Income Tax Extensions Individual income tax returns and payments normally due on April 15, 2025. 2024 quarterly estimated income tax payments due January 15, April 15, June 16, and September 15, 2025. 2024 contributions to IRAs and Health Savings Accounts.

Tax

CPA Practice

AUGUST 1, 2025

Long is committed to modernizing the IRS and providing a taxpayer experience that meets today’s expectations, which includes giving taxpayers transparency into the status of their tax returns and audits,” the statement said. What is Direct File?

Technology

CPA Practice

JUNE 23, 2025

Jason Bramwell Taxes June 23, 2025  IRS Refines Pre-Filing Agreement Tax Certainty Program Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.

Missouri

TaxConnex

JULY 18, 2024

This can lead to auditors assuming transactions are taxable, or making historical projections or arbitrary assessments of taxable sales. Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. Invoices Keep both sales and purchase invoices well-organized.

audit

TaxConnex

APRIL 20, 2021

This time of year, everybody’s mind is on income tax preparation. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. Why should sales tax be any different? They turn to experts.

Sales

TaxConnex

FEBRUARY 15, 2022

A ccording to TaxConnex’s recent market survey of 100 top finance professionals, this could be the year to outsource sales tax. Three of these execs’ biggest in-house deficiencies to managing sales tax in 2022: bandwidth, internal knowledge and the right partner or solution. Seems like something needs to change.

Sales

TaxConnex

APRIL 7, 2022

Federal Income Tax Day, April 18 th , looms large in everybody’s mind right now. Too bad sales tax doesn’t come with a deadline that simple. State sales tax filing obligations come in a dizzying number of deadlines for you to follow (potentially with bad consequences if you don’t). Contact TaxConnex ?to

Sales

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. This affects returns for sales taking place from December through this month.

Sales

TaxConnex

OCTOBER 1, 2020

sales tax post- Wayfair is confusing enough. You’ve heard it before that US sales & use tax laws are some of the most confusing, but how are things done with our neighbor to the north? The tax rates. Collectively, jurisdictions in Canada do impose less diverse sales tax obligations than U.S.

Sales