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Navigating IRS Bank Levies, Back Taxes, and Unfiled Tax Returns

MyIRSRelief

The Consequences of Unpaid Back Taxes and Unfiled Returns: Unpaid back taxes and unfiled returns can lead to a cascade of adverse consequences. Firstly, accumulating interest and penalties on unpaid taxes can significantly inflate the original debt, exacerbating financial strain.

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Private Equity in Public Accounting: Salvation or Ruination?

CPA Practice

The landscape of public accounting experienced an unprecedented shakeup in 2023, marked not by the usual suspects of annual updates or technological advancements, but by a surge of interest from an unexpected source: private equity (PE).

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Boston IRS Agent Charged With Tax Fraud

CPA Practice

Ndeye Amy Thioub, 67, of Swampscott, MA, has served as a Boston-based IRS agent out of the IRS’s Large Business and International Division since 2006 and has been a licensed certified public accountant in Massachusetts since 2010, according to an affidavit filed in support of her criminal charges by a fellow IRS agent.

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1041 Trust Tax Preparation and the Need for Professional Tax Help

MyIRSRelief

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. Trust tax preparation can be a challenging task, even for experienced tax preparers. Trust tax preparation can be a challenging task, even for experienced tax preparers.

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

Owners of Public Accounting firms are always telling their clients to work on their business and not in their business, yet many times do not take their own advice. It is possible to run an Accounting Firm and never do tax returns or financial statements! May 11, 2021 at 11:00 am PDT, 2:00 pm EDT, 7:00 pm GMT.

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AICPA Offers ERC Resources as IRS Voluntary Disclosure Program Ends

CPA Practice

“The AICPA is encouraged by the actions being taken by the IRS to reduce the number of improper ERC claims and ensure that the businesses that are eligible for and need these funds receive them,” said Sue Coffey, AICPA’s CEO of public accounting. “We

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Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Compliance with Tax Filings: All tax returns must be filed. The process involves submitting an application to the IRS with a detailed explanation of your financial situation, often with the help of a tax professional. How Can I Resolve Unfiled Tax Returns in Corona, CA? What should I do? What should I do?

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