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IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year

CPA Practice

Thirteen states have agreed to participate in a trial run of the IRS’s free online return filing system, called Direct File, during the 2024 tax season, the agency said on Tuesday. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.

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IRS Direct File Launches for Low-Income Taxpayers in 12 States

CPA Practice

It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their tax returns online for free. It’s also the first service from the agency itself that guides you through the process of filling out your return.

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

Cryptocurrency tax rules can be complicated and confusing, but you definitely need to report your crypto gains. Here’s a look at what happens if you don’t report cryptocurrency on taxes — along with answers to common crypto tax questions. What Happens if You Don’t Report Cryptocurrency on Taxes?

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

Cryptocurrency tax rules can be complicated and confusing, but you definitely need to report your crypto gains. Here’s a look at what happens if you don’t report cryptocurrency on taxes — along with answers to common crypto tax questions. What Happens if You Don’t Report Cryptocurrency on Taxes?

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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. LBMC is already Tennessee’s largest CPA firm, and was recently named a 2023 best tax and accounting firm by Forbes. This move, effective Nov.

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IRS Direct File is Now Officially Open for Use in 12 States

CPA Practice

After several weeks of testing , the IRS said on Tuesday that eligible taxpayers in 12 states can now use its new Direct File service to submit their tax returns online for free directly with the agency. Our goal with the Direct File pilot is to help people meet their tax obligations as easily and quickly as possible.

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Friday Footnotes: Why People Leave Public Accounting; Audit Workloads Up; Terrorist Clients (Literally) | 12.2.22

Going Concern

Florida state tax website bug exposed filers’ data [ TechCrunch ]. Report Suggests Tax Audits of Trump Foes Were Random, but Leaves Questions [ New York Times ]. McCabe — happened after their tax returns were randomly selected for inclusion in the initial pools from which the agency drew to carry out the examinations.