CPA Practice

MAY 21, 2025

Sirleaf, 65, of Darby, PA, pleaded guilty to 15 counts of aiding and assisting in the preparation of false income tax returns and three counts of filing false personal income tax returns for himself.

income tax 71

income tax tax return Tax accounted 71

TaxConnex

JANUARY 9, 2025

Less than that and most businesses qualify as a small supplier and dont have to register, though those businesses may have to file a Canadian income tax return. A manual application can be submitted online or by mail, fax or phone to the appropriate Non-Resident Tax Centre (TC).

Sales 147

Sales Tax tax return income tax 147

inDinero Tax Tips

OCTOBER 22, 2024

LLC Taxes in Nevada Here are the primary reasons Nevada is an attractive place to start a business: While the average American pays 8.9% in state income tax, Nevada is one of a handful of states that doesn’t have personal income tax. See here for a list of applicable tax rates.

Nevada 105

Nevada Tax income tax payroll tax 105

Dent Moses

JUNE 25, 2025

On March 20, 2025, the IRS issued new FAQ’s as guidance to businesses understand how to properly report Employee Retention Credit (ERC) refunds on their income tax returns. The IRS now says: you don’t have to amend those old returns. Instead, simply report the ERC refund as income in the year you got the check.

tax return 52

tax return income tax payroll Tax 52

Accounting Today

JUNE 20, 2025

The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025. 15, 2025.

Mississippi 94

Mississippi Texas Tax Technology 94

Accounting Insight

MAY 9, 2025

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. What is MTD for Income Tax? Be able to provide their Income Tax return information to HMRC through compatible software. Who is exempt from MTD for Income Tax?

income tax 52

income tax Tax tax return bookkeeping software 52

CPA Practice

NOVEMBER 6, 2024

He also prepared tax returns for clients with deductions he knew to be false. On his own income tax filings, according to court records, he also underreported his commission income from the scheme by $400,000.

CPA 52

CPA Tax income tax tax return 52

FraudFiles

APRIL 14, 2025

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets.

tax return 52

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Withum

NOVEMBER 25, 2024

Individual Income Tax Rates TCJA lowered the individual income tax rates and if TCJA expires the rates are set to go from 10%, 12%, 22%, 24%, 32%, 35%, and 37% to 10%, 15%, 25%, 28%, 33%, 35% and 39.6%. Notably, the top individual income tax rate will increase from 37% to 39.6%.

Tax 106

Tax income tax Real Estate tax return 106

CPA Practice

NOVEMBER 16, 2024

Reporting and documenting QCDs For 2024, QCDs should be reported on the 2024 tax return. Individual Income Tax Return , or Form 1040-SR, U.S. Tax Return for Seniors. in early 2025 documenting IRA distributions. The full amount of any IRA distribution goes on Line 4a of Form 1040, U.S.

tax return 114

tax return income tax Tax 114

CPA Practice

OCTOBER 23, 2024

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). IP PIN users should share their number only with the IRS and their tax preparation provider.

tax return 105

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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 130

tax services payroll tax Tax tax preparation 130

Withum

APRIL 14, 2025

Pass-Through Taxation: Profits and losses can be passed through to the member’s personal tax returns, avoiding double taxation. Cons Self-Employment Taxes: Profits may be subject to self-employment taxes unless the LLC elects S Corporation taxation. Growth Potential: Easier to raise capital by issuing shares.

tax return 80

tax return corporation tax payroll income tax 80

Going Concern

NOVEMBER 8, 2024

Law & Order Clark Hill Wins for Accounting Firm in Tax Dispute With Rock Band Member [ Clark Hill ] The Clark Hill trio convinced the court that the accounting firm was not liable for an employee’s business management and tax preparation services she provided on the side for a member of a rock band.

Florida 98

Florida Mississippi audit auditor 98

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 85

cpas accounting and finance CPA Technology 85

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 52

Delaware Tax tax return CPA 52

ThomsonReuters

JUNE 18, 2025

Now, the cap restricts the total deduction to $10,000, irrespective of the actual taxes paid. How the SALT cap affects state budgets The cap, which limits the amount of state and local taxes that can be deducted from federal income taxes, has far-reaching consequences.

income tax 91

income tax New Jersey New York California 91

CTP

JANUARY 17, 2025

We will especially want to have this conversation if our clients tax return features one of the IRS red flags of the season. Below are key talking points we will want to review with clients to reassure them that we are prepared to walk them through an audit and to remind them of why working with a tax planner pays off in the end.

audit 96

audit Tax auditor tax return 96

Withum

DECEMBER 4, 2024

Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits. Cost segregation is recognized as an engineering-based tax study accepted by the IRS. years) to a shorter depreciable tax life (e.g., For-profit entities can apply clean energy credits against their federal income tax due.

Tax 105

Tax income tax Construction Non-Profits 105

CapataCPA

JANUARY 13, 2025

Affected individuals and businesses now have until October 15, 2025 , to file returns and make payments. Key deadlines affected include: 2024 Individual Income Tax Returns and Payments: Normally due April 15, 2025. Quarterly Payroll and Excise Tax Returns: Originally due January 31, April 30, and July 31, 2025.

Tax 52

Tax income tax tax return California 52

Accounting Insight

JANUARY 16, 2025

Do you feel ready to do your Self Assessment tax return with a smile this year? Late filing The deadline for filing your Self Assessment tax return online is midnight 31 January 2025. If you are over 3 months late submitting your tax return, you will have to pay more.

tax return 52

tax return quickbooks Tax income tax 52

Ronika Khanna CPA,CA

JULY 8, 2025

If CRA sees that the relationship is actually one of employment, they can reclassify the income as salary, requiring the payer to remit unpaid payroll deductions (including CPP and income tax) plus penalties and interest. You report the payment as self-employment income on your personal tax return.

income tax 52

income tax tax return payroll Tax 52

CTP

APRIL 21, 2025

Non-Profit NIL Collectives: Gunning for That Tax Exemption For new NIL collectives, qualifying as a nonprofit sounds like a best-case scenario. The organization would be exempt from income tax, meaning that all earnings could go toward the team.

Tax 52

Tax Non-Profits Sports income tax 52

Accounting Today

JUNE 5, 2025

.: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 million during that time.

Tax 59

Tax tax preparation North Carolina tax return 59

TaxConnex

DECEMBER 17, 2024

Review your nexus and taxability and such paperwork as your sales tax returns, federal income tax returns, G/Ls and sales journals. Earmark insignificant items for disclosure before an auditor asks, which could result in less scrutiny of the rest of your sales and use tax obligations.

Sales 130

Sales Tax auditor audit 130

Nancy McClelland, LLC

JANUARY 12, 2025

For example, if you’re trying to prepare a tax return for a prior-year and need a list of all the informational documents filed with the IRS that are associated with your SSN, you’d want a Wage & Income Transcript. Tax nerds unite!) “ What About State Information?

Tax 52

Tax tax return accountant accounted 52

Accounting Insight

MAY 2, 2025

Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. What is personal tax automation? In other words, your very own personal tax assistant is working 24-7 on your client portfolio.

Technology 59

Technology accounting firms Tax tax return 59

Withum

NOVEMBER 21, 2024

To make the election, employees need to complete and sign Form 15620 and mail it to the IRS office where they file their federal income tax returns. There is no extension of time available to make the election, even with the new form.

income tax 59

income tax tax return Tax tax services 59

Withum

JUNE 24, 2025

Expanded Taxes on Exempt Organization Activities and Fringe Benefits The legislation broadens the scope of Unrelated Business Income Tax (“UBIT”) and other taxes, causing certain income and expenses of exempt organizations that were previously untaxed to become subject to taxation.

Tax 72

Tax Transportation Finance income tax 72

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 71

tax return Tax CPA income tax 71

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 85

Tax tax preparation audit Technology 85

Accounting Today

JUNE 19, 2025

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. Between 2002 and 2018, he generated millions of dollars in gross receipts sales.

Tax 69

Tax tax preparation Technology Real Estate 69

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 52

Real Estate Tax accountant accounted 52

Reckon

FEBRUARY 20, 2025

However, the new reporting scheme has left some NFPs uncertain of their status or tax obligations. Announced in 2021, the Australian government imposed the new self-reporting requirements to ensure that only eligible NFPs can access income tax exemption. This is a drastic change from how tax exemption was calculated for NFPs.

Non-Profits 52

Non-Profits income tax Tax Government 52

Withum

DECEMBER 11, 2024

For tax year 2023 and beyond, the maximum election amount has increased from $250,000 to $500,000, where up to $500,000 in credits per quarter is applied against employer-paid FICA (6.2%) and Medicare (1.45%) taxes.

E-commerce 52

E-commerce Tax payroll tax income tax 52

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 51

West Virginia Technology Pennsylvania accounting and finance 51

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology 59

Technology audit E-commerce tax preparation 59