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

MyIRSRelief

Enrolled Agent: Comprehensive Tax Services for Individuals and Businesses When it comes to managing your taxes, finding a qualified and reliable tax professional is crucial. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S.

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How large tax and accounting firms can use AI

ThomsonReuters

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

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Georgia Tax Preparer Guilty of Filing $3 Million in Fraudulent Returns

CPA Practice

27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime. Crawford is not representative of most tax preparers who provide honest services to their clients. (TNS) ATHENS, GA (Nov. District Judge Tilman E.

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What's the Difference Between Business Fraud and Negligence?

Summit CPA

Although, when these errors result in more taxes owed, it may result in additional interest and penalties for the taxpayer. The majority of returns with incorrect information are due to mistakes rather that fraud. Padding business deductions with non-deductible personal expenses may be considered tax fraud.

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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

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.

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Congress Passes One Big Beautiful Bill – President to Sign on July 4

Withum

This would provide that an amended return be filed for 2022, and 2023. If a 2024 tax return has already been filed, then an amendment would be required. Our team closely monitors and analyzes proposed tax legislation, providing individuals and businesses with timely insights to help navigate the evolving tax landscape.

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Shleifer Case Highlights Tax Trap for the Unwary

Withum

Shleifer filed a joint tax return with his wife in 2014, and on that return, the Shleifers claimed a $2.6 million deduction on their return for unreimbursed travel expenses relating to the expenses of operating the private jet. million, claiming they “inadvertently neglected” to deduct $5.9

Tax