MyIRSRelief

JUNE 23, 2023

Department of Treasury to represent taxpayers before the Internal Revenue Service (IRS). In this article, we will delve into the world of enrolled agents, explore their role in tax services, and understand the vast array of expertise they bring to the table. Contact us for professional tax help today!

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Withum

MARCH 30, 2024

Adam Watson , Managing Partner at BBD Withum’s Not-for-Profit and Education Services Team services tax-exempt clients by offering innovative advisory solutions alongside the necessary not-for-profit accounting and tax services.

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TaxConnex

MARCH 26, 2024

Get your sales tax registrations right After you’ve confirmed nexus and taxability in a state or jurisdiction you need to register within the state to collect and remit. These rates and rules can be managed perfectly fine in some situations without the need for a sales tax calculation system.

Sales 158

Sales Tax tax return Retail 158

Withum

JANUARY 20, 2023

If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments. Let’s Chat The post 2023 Tax Pocket Guide appeared first on Withum.

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CPA Practice

FEBRUARY 24, 2023

As their online advertising partner, we were tasked with helping to generate year-round tax business. Marketing and accounting both share a passion for data, so our new strategy focused on feeding Google’s algorithm as much high-quality information as possible so it would deliver higher-quality leads. Get your customer data in order.

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Withum

APRIL 5, 2022

If this sounds familiar to you, when planning for the upcoming tax year, a great place to start is with the basics. As you navigate our complicated tax code, you need a partner and important information in order to make the appropriate adjustments. Download 2022 Tax Pocket Guide. We can help. Contact Us. Contact Us.

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CPA Practice

APRIL 7, 2023

The Department of Justice is warning taxpayers to choose their return preparers wisely as the April 18 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.

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Withum

NOVEMBER 29, 2023

The report will require affected businesses to provide personal information about their legal entities, beneficial owners, and company applicants. Only “reporting companies” are required to report information to FinCEN. Federal income tax or information return reporting more than $5 million in U.S.-source 2 , & FAQ M.3.

Legal 115

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Withum

NOVEMBER 7, 2023

A LumiQ podcast featuring Withum’s Daniel Mayo , Partner and Lead, National Tax Services and hosted by Omar Roubi. Many entrepreneurs and investors are unaware of a significant tax-saving opportunity through IRC Section 1202.

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Withum

AUGUST 25, 2022

On August 24, 2022, the IRS issued Notice 2022-36 to announce broad-based penalty relief for certain failure to file penalties with respect to tax returns for taxable years 2019 and 2020 as long as they are filed by September 30, 2022. Penalties under §6699(a)(1) for form 1120-S (S corporation tax returns). Contact Us.

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TaxConnex

SEPTEMBER 21, 2021

First, you need an accurate tax calendar telling you where you’re registered for sales tax purposes, the filing frequency of each return, the due date, login credentials, method of filing (e-file or paper) and any other information specific to the jurisdictions where you have nexus. Don’t let sales tax compliance overwhelm you.

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Withum

JANUARY 12, 2023

However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment, or deposit due date falling within the postponement period, the taxpayer should call the number on the notice or reach out to your Withum Service team to have the penalty abated. Contact Us.

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Withum

DECEMBER 7, 2023

Contact Us The post Tax Court Weakens Self-Employment Tax Exception for Limited Partners appeared first on Withum.

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Cherry Bekaert

FEBRUARY 12, 2024

Disclosures Required for All Entities Income Taxes Paid Disclosures ASU 2023-09 requires all entities to disclose annually income taxes paid (net of refunds received) disaggregated by federal (national), state and local, and foreign jurisdictions. An entity may identify a country, state or local territory as an individual jurisdiction.

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CPA Practice

APRIL 26, 2024

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban.

North Dakota 52

North Dakota Texas Oklahoma Minnesota 52

Withum

FEBRUARY 21, 2022

International Services. For more information on this topic, please reach out to Withum’s International Tax Services Team. The post Owe Taxes? These potential remedies are outlined on the IRS website and include negotiating in good faith, initiating instalment plans to pay down the debt, or a bankruptcy filing.

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TaxConnex

OCTOBER 13, 2020

States may consider these services to also be "information services" or "computer services". There are less than 15 states that tax data processing, information processing and computer services. There may also be special tax rates for these services or special limited exemptions for these services.

Sales 184

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CPA Practice

MARCH 6, 2024

Lettuce has launched its new solution for accounting and tax services for solopreneurs, with $6 million in seed funding led by Zeev Ventures to fuel growth and product development, and its Solopreneur Accelerator program. To participate, register by March 31 at [link].

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Withum

NOVEMBER 29, 2023

The report will require affected businesses to provide personal information about their legal entities, beneficial owners, and company applicants. Only “reporting companies” are required to report information to FinCEN. Federal income tax or information return reporting more than $5 million in U.S.-source 2 , & FAQ M.3.

Legal 91

Legal Non-Profits income tax Tax 91

CPA Practice

FEBRUARY 12, 2024

Once upon a time, tax preparation was a document-heavy practice, requiring people to send their sensitive documents to their CPAs. The digitalization of the financial sector generally, and tax services in particular, has expanded access to high-quality tax services while making filing taxes more streamlined and convenient.

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Withum

MAY 19, 2022

You should inform the IRS of the mistake and request that it apply the overpayment in one quarter to the deficiency in the remaining quarters. Business Tax Services. For more information on this topic, please contact a member of Withum’s Business Tax Services team. Contact Us. Contact Us.

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Withum

MARCH 7, 2024

We are now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Has the IRS Ramped up the Number of ERC Audits?

Tax 126

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CPA Practice

JANUARY 29, 2024

, taxpayers will see clearer and more detailed updates, including whether the IRS needs them to respond to a letter requesting additional information. The IRS plans to continue expanding the information available on Where’s My Refund? Taxpayers will also see other improvements this tax season, including: Phone service.

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Withum

OCTOBER 19, 2022

The IRS is also concerned that these third parties “may not inform taxpayers that wage deductions claimed on the business’ federal income tax return must be reduced by the amount of the credit.”. For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Contact Us.

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CPA Practice

JANUARY 8, 2024

tool, which is the IRS’ most widely used taxpayer service tool. However, the tool provides limited information, often leading taxpayers to call the IRS to inquire about their refund status. Tips to help people file in 2024 The IRS encourages taxpayers to take steps now to Get Ready to file their 2023 individual federal tax return.

Tax 133

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Withum

SEPTEMBER 1, 2023

Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Let’s Chat The post IRS Provides Idalia Tax Relief appeared first on Withum.

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Withum

FEBRUARY 2, 2023

The ability to expense R&E spending, coupled with the research and development (R&D) tax […] Learn More Insights on R&D Capitalization Lenny Smith, Team Leader of Withum’s Life Science Tax Services discusses R&D Capitalization. Learn More Could You Benefit from a R&D Tax Credit Analysis?

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Withum

MARCH 17, 2022

For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. This article was originally published by Lynn Mucenski Keck in Forbes on February 22, 2022. Continue reading the full article in Forbes by clicking the link below. Read Full Article. Contact Us. Contact Us.

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Withum

OCTOBER 6, 2022

The extended deadlines apply to the following federal returns: Individual; Corporate; Estate and trust income tax returns; Partnership returns; S corporation returns; Trust returns; Estate, gift, and generation-skipping transfer tax returns; Annual information returns of tax-exempt organizations; and Employment and certain excise tax returns.

Government 124

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Withum

JULY 27, 2022

International Tax Services. For more information about these proposed laws and to understand how they may impact your business please contact us to schedule a 30-minute consultation with a member of our International Tax Services team. Global Minimum Tax? Contact Us. Let’s Chat.

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CPA Practice

JANUARY 18, 2024

Utilize existing content by writing short, informative blog posts that answer common questions your clients have. Share tax season stats that might shock your followers, such as the number of returns your team completed last year, the amount of tax savings for clients over a period of time, or any of these IRS shockers.

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CPA Practice

AUGUST 15, 2023

The firms were sanctioned as part of a sweep, which enables the PCAOB to collect information on potential violations from a number of firms at the same time. Firms must be vigilant in preserving their independence, and part of that means making sure that services performed for issuer audit clients are pre-approved by their audit committees.

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Withum

MAY 16, 2022

Law firms specifically are stewards of some of the most sensitive information stored and shared; a fact that doesn’t elude nefarious cybercriminal syndicates. Below are some of the top cybersecurity risks affecting law firms: Distributed Denial-of-Service ? Cyber and Information Security Services. Data Breaches: ?Rather

Healthcare 128

Healthcare Government Technology tax services 128

xendoo

APRIL 27, 2023

Form 1065 is an informational form for partnerships to declare their profits, losses, deductions, and business tax credits for the year. To the IRS, an informational form is one that does not calculate any tax due. There is no tax due with this form because partnerships are taxed as pass-through entities in the U.S.

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xendoo

APRIL 27, 2023

Form 1065 is an informational form for partnerships to declare their profits, losses, deductions, and business tax credits for the year. To the IRS, an informational form is one that does not calculate any tax due. There is no tax due with this form because partnerships are taxed as pass-through entities in the U.S.

Non-Profits 52

Non-Profits tax return cpas bookkeeping 52

Withum

JANUARY 16, 2024

To assist in this process, we have provided Senator contact information below for designated states. Let’s Chat The post Tax Framework Released: Tax Relief for American Families and Workers Act of 2024 appeared first on Withum. State Senator Email Phone Number California Laphonza R.

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Tax Tennessee New Jersey Massachusetts 118

ThomsonReuters

MARCH 17, 2023

Let’s take a closer look at how firms can spend less time on tax research without sacrificing accuracy, quality, and efficiency. Tax Court Supreme Court Circuit Court of Appeals Tax Treaties Treasury Regulations What are the secondary sources of tax law?

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