Remove Information Remove payroll tax Remove tax return
article thumbnail

S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help

MyIRSRelief

The main advantage of an S Corporation is that it allows income, losses, deductions, and credits to pass through to shareholders for federal tax purposes. This means that the business itself is not taxed at the corporate level. This means that the corporation’s income is not subject to corporate tax rates.

article thumbnail

Enrolled Agent Near Me: Comprehensive Tax Services for Individuals and Businesses

MyIRSRelief

This article will delve into the various tax services offered by Enrolled Agents, including personal tax preparation, business tax preparation, personal tax planning, business tax planning, IRS and state tax audit representation, back tax help and resolution, and 941 payroll tax problem resolution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Dissolve a Company in Bad Standing Before Year-End

CPA Practice

The process can be legally and financially complicated, so it’s important to research the requirements and obtain all the pertinent information ahead of time. File a Final Tax Return When dissolving a business, one of the key steps is filing the last federal, state and local tax returns.

article thumbnail

Your Complete Guide to Tax Help in Cleveland, Ohio: Frequently Asked Questions

MyIRSRelief

Enrolled Agents must pass a comprehensive examination covering all aspects of the tax code and complete continuing education requirements to maintain their credentials. Unfiled Tax Returns – Your Most Common Questions Answered Q: I haven’t filed tax returns for several years. A: Absolutely not.

Ohio 130
article thumbnail

Avoid Tax Scams with Mike Habib EA’s Trusted Tax Expertise

MyIRSRelief

Businesses, especially in industries like trucking or hospitality, face additional risks from fraudsters promising to resolve payroll tax issues without proper credentials. The consequences can be severe: stolen identities, drained bank accounts, or unresolved tax liabilities that accrue penalties.

Tax 130
article thumbnail

Tech news: TaxPlanIQ adds new features

Accounting Today

TaxPlanIQ reads and analyzes the 1040, and proposes tax strategies for the plan alongside the potential tax savings, while also offering the ability to rank clients by potential tax savings, so people know exactly who to prioritize. Another feature will auto-redact client information on upload.

article thumbnail

AICPA News – July 2025

CPA Practice

Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Estate (and Generation-Skipping Transfer) Tax Return – Estate of Nonresident Not a Citizen of the U.S. Form 709, U.S.

cpas 85