TaxConnex

JULY 15, 2021

percent sales tax created three years ago to address a budget crisis, has been sent to the governor for executive approval. Maryland is offering a vendor credit of up to $3,000 on sales tax returns for the months of March, April and May 2021. The state’s HB 514 , which would indefinitely extend a 0.45

Sales 141

Sales Tax Louisiana North Carolina 141

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. People face a July 17 deadline to file their returns. million people across the U.S.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

Cherry Bekaert

MAY 16, 2023

S corporations are corporations that elect to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed at their individual income tax rates.

income tax 88

income tax Tax tax return Connecticut 88

Anders CPA

SEPTEMBER 28, 2022

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state.

Rhode Island 52

Rhode Island West Virginia South Dakota South Carolina 52

Anders CPA

MAY 23, 2023

State Payroll Reciprocity Agreements It’s possible for remote or out-of-state workers to be taxed twice, but this double taxation can be resolved by the taxpayer when preparing their state tax returns. The taxpayer would then be refunded for taxes withheld unnecessarily from their paycheck.

payroll tax 98

payroll tax payroll Rhode Island Tax 98

MyIRSRelief

JULY 3, 2023

During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. Certain factors, such as high claim amounts or inconsistencies in reported data, may trigger an audit. ERC IRS Audit Process 2.1 What Happens During an ERC Audit?

audit 130

audit North Carolina Oklahoma Ohio 130

PYMNTS

SEPTEMBER 23, 2019

She also submitted a false tax return in 2016, omitting those funds as income. Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland.

Oklahoma 49

Oklahoma Kentucky Florida Maryland 49

ThomsonReuters

JUNE 22, 2021

Beginning July 1, new forms will be used to report withholding tax. Form TRD-41414, Wage Withholding Tax Return, will be used to report withholding from payments to employees. Form TRD-41409, Non-Wage Withholding Tax Return, will be used to report withholding from non-wage payments. New Mexico.

payroll 72

payroll Virginia Utah West Virginia 72

TaxConnex

AUGUST 9, 2022

Louisiana will exempt many prescription drugs from local sales taxes. Maryland will begin exempting items including?baby Iowa has modified its sales tax base. Changes include combining sales and use tax returns and their permits into one and changing filing frequencies for sales and use tax from quarterly to monthly.

Sales 130

Sales Louisiana Tax Iowa 130

TaxConnex

APRIL 6, 2021

tax issue this year as other states move to join Maryland in trying to levy taxes on this commercial internet-based activity. Nebraska has released guidance on the handlings of use tax in the state regarding remitting use tax, exemptions, interest and penalties. 10 to report use tax.

West Virginia 130

West Virginia Sales Nebraska Alaska 130

LyfeAccounting

MAY 18, 2021

Authorities claim Brooks fraudulent tax returns showed over 700 thousand in payments and 7 million in unemployment payments to employees of Cars Direct. And this ultimately led to his arrest as the IRS and State of Maryland investigated his claims. Brooks and seized more than 2 million dollars from 11 different bank accounts.

Florida 71

Florida tax return Washington Maryland 71

ThomsonReuters

JUNE 28, 2021

Montgomery County, Maryland: $15.00 The IRS has issued the much anticipated revised Form 941 , Employer’s Quarterly Federal Tax Return, and its instructions for used beginning with the second quarter of 2021. Alabama has announced tax filing and payment extensions to state taxpayers affected by Topical Storm Claudette.

payroll 52

payroll income tax California North Dakota 52

TaxConnex

MARCH 2, 2021

In another possibly trendsetting development, Maryland has greenlighted the country’s first tax on digital advertisements sold by companies such as Facebook, Google and Amazon. Estimates reportedly said the tax will generate up to $250 million but opponents promise legal challenges. 20 and April 14 to April 15, 2021.

Sales 229

Sales Tax Missouri Wisconsin 229

Going Concern

AUGUST 25, 2023

Adventist Auditors Gather in Copenhagen for Spiritual and Professional Renewal [ ANN ] Maryland legend Tom Hood was there! “It gives them, at least, a good base to start with,” said Tracy Grosskreutz, partner at Wipfli LLP, of IAS 20.

tax preparation 98

tax preparation CPA payroll tax Illinois 98

ThomsonReuters

MARCH 1, 2021

The IRS has updated the draft instructions for Form 941, Employer’s Quarterly Federal Tax Return, that accompanies the draft Form 941 posted on January 29, 2021. New legislation signed by Maryland Governor Hogan is limiting unemployment tax rate calculations to include only unemployment benefits claimed by July 1, 2019.

payroll 98

payroll Tax Virginia Texas 98