Remove Louisiana Remove payroll tax Remove tax return
article thumbnail

Billy Long Sworn in as 51st Commissioner of the IRS

CPA Practice

” Related article: Trump IRS Nominee Billy Long Grilled Over Ties to Fraudulent Tax Credits After Long, 69, left Congress in 2023, he received at least several thousand dollars in compensation from White River, which holds oil and gas mineral leases in Louisiana and Mississippi.

article thumbnail

IRS Promotes E-Filing of Payroll Tax Forms

CPA Practice

The Internal Revenue Service is reminding employers that the best way to file their next quarterly payroll tax return by the Oct. E-filing is the most secure, accurate method to file returns, and saves time. The second option for employers is to hire a tax professional to prepare and file their employment tax returns.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Milestones for S Corporation Election

CPA Practice

For example, it makes sense to suggest electing S Corp status to your clients when their self-employment tax burden exceeds the tax burden if the corporation converted to an S Corp. For businesses structured as corporations, being an S Corp can help them avoid paying taxes at the corporate and shareholder levels.

article thumbnail

Steve Padgett’s Three Business Tax Penalties To Avoid When Possible

SkagitCountyTaxServices

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has. Teach me and I remember.

article thumbnail

Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

The aim of this legislation would be to help avoid increases in unemployment tax rates for employers. Winter storm disaster tax relief. In Louisiana , the IRS announced winter storm disaster tax relief for the storms that occurred from February 11, 2021 through February 19, 2021.