RogerRossmeisl

NOVEMBER 20, 2023

The post IRS Outlines Withdrawal Process for Employee Retention Tax Credit (ERTC) Claims appeared first on Roger Rossmeisl, CPA. This new withdrawal option allows certain employers that filed an ERTC claim but have not yet received a refund to withdraw their submission and avoid future repayment, interest and penalties. The IRS created the.

Tax 262

Tax CPA cpa firm business tax 262

Accounting Today

APRIL 8, 2024

The Internal Revenue Service is making some changes in the way it sends tax transcripts for clients to tax professionals to beef up security.

Tax 119

Tax 119

Accounting Today

APRIL 15, 2024

The Internal Revenue Service reported stronger performance on Monday, April 15, as it concluded this year's tax filing season, saying it had answered 1 million more phone calls from taxpayers and helped 170,000 people in person compared to last year.

Tax 115

Tax income tax 115

RogerRossmeisl

NOVEMBER 1, 2023

Known as IRS Energy Credits Online or IRS ECO, this free electronic service is secure, accurate and requires no special software. The post IRS Opens Clean Vehicle Tax Credit Tool to Auto Dealers appeared first on Roger Rossmeisl, CPA.

Tax 264

Tax CPA Sales 264

TaxConnex

SEPTEMBER 26, 2023

Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Who the customer is and what they’ll use the TPP for can create a sales tax exclusion, too, such as when selling to a church or government agency. Managing the process Calculating sales tax.

Sales 202

Sales Tax South Dakota Colorado 202

MyIRSRelief

MARCH 15, 2024

In the bustling city of Whittier, California, individuals and businesses alike face the daunting task of navigating the complex world of taxes. From unfiled tax returns to unpaid back taxes, and from employment 941 payroll issues to the intimidating process of IRS, FTB, EDD, and CDTFA audits, the challenges can seem insurmountable.

California 130

California Tax tax return payroll 130

RogerRossmeisl

SEPTEMBER 14, 2023

The post IRS Orders Immediate Stop to New Employee Retention Tax Credit Processing appeared first on Roger Rossmeisl, CPA.

Tax 263

Tax Washington CPA business tax 263

Cherry Bekaert

MARCH 14, 2024

market, business owners must learn about the federal, state and local tax systems they will encounter. Sales tax in the U.S. is quite different from a value-added tax (VAT) or a goods and services tax (GST) assessed by many other countries. Listen to learn more about: 03:54 – GST tax vs. U.S.

tax services 97

tax services Tax income tax tax return 97

Accounting Today

FEBRUARY 16, 2024

The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.

Tax 138

Tax audit 138

RogerRossmeisl

FEBRUARY 26, 2023

As reported in IR-2023-33 on 2/24/2023 Disaster-area taxpayers in most of California now have until October 16, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced last Friday.

California 246

California Tax tax return CPA 246

CPA Practice

APRIL 15, 2024

Few agencies are as perpetually tasked to “do more with less” than the Internal Revenue Service (IRS). Progress was cited in eliminating most of its tax return backlog, more on-time tax refunds, and improvements in customer service availability and responsiveness. Organizations must fight fire with fire.

Tax 119

Tax Kansas Real Estate Government 119

Accounting Today

APRIL 9, 2024

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

Tax 113

Tax 113

MyIRSRelief

NOVEMBER 17, 2023

S Corporations are a popular choice for many business owners due to their unique tax benefits. This article will answer some of the most frequently asked questions about S Corporation tax savings. An S Corporation is a type of corporation that meets specific Internal Revenue Service (IRS) tax code requirements.

corporation tax 130

corporation tax Tax tax return Non-Profits 130

TaxConnex

OCTOBER 19, 2023

Often as things change in sales tax – and they change often – one constant keeps lurching along. Tax jurisdictions love to send notices, and usually it’s to say “Boo!” True, notices can simply be a way for tax jurisdictions to get in touch with you and require no fast action on your part. and not just “Hi.”

Sales 147

Sales Tax audit Finance 147

Accounting Today

JANUARY 22, 2024

The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.

Tax 139

Tax 139

Accounting Today

FEBRUARY 8, 2024

The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer's Electronic Filing Identification Number.

Tax 127

Tax 127

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

payroll tax 147

payroll tax payroll audit Tax 147

Accounting Today

JANUARY 5, 2024

The Internal Revenue Service will be hosting a Tax Professional Awareness Week starting Monday, Jan. 8, to give tax pros an opportunity to get ready for tax season.

Tax 122

Tax income tax 122

Accounting Today

JANUARY 26, 2024

The Internal Revenue Service and tax professionals are preparing for the start of tax season Monday, hoping for a smooth filing season like last year, although last-minute tax law changes are possible thanks to a deal working its way through Congress to revive tax breaks like a more generous Child Tax Credit.

Tax 130

Tax 130

MyIRSRelief

NOVEMBER 3, 2023

Mike Habib, EA: Your Ally in Navigating Tax Problems Tax issues can be a source of significant stress and confusion. Whether it’s unfiled tax returns, unpaid back taxes, tax audits and appeals, or 941 employment payroll problems, these issues can seem insurmountable. Contact us for professional tax help today!

Tax 130

Tax tax return audit tax preparation 130

TaxConnex

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. Managing sales tax is burdensome. Seems clear. Who handles compliance?

Technology 130

Technology Sales Tax tax return 130

MyIRSRelief

MAY 19, 2023

With this bustling economy comes a complex tax system, which can be overwhelming and confusing for many taxpayers. Whether you are a small business owner, self-employed, or an individual taxpayer, you may face tax issues such as tax audits, back taxes, and 941 payroll tax problems. Contact us for tax help today.

payroll tax 147

payroll tax New York audit payroll 147

TaxConnex

AUGUST 10, 2023

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one. A lot of complications Currently, sales tax across the U.S. What should you do?

Sales 130

Sales Tax tax return payroll 130

Accounting Today

DECEMBER 11, 2023

The Treasury Department and the Internal Revenue Service expect to issue proposed regulations to address the application of the foreign tax credit and related rules and the dual consolidated loss rules to certain types of taxes described in the GloBE Model Rules.

Tax 130

Tax 130

CPA Practice

MARCH 21, 2024

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. Soroban GP challenged this increase in Tax Court. By Julie M. At the end of 2023, the U.S.

Tax 122

Tax tax return Delaware accounting and finance 122

TaxConnex

FEBRUARY 7, 2023

Findings from the third annual Sales Tax Market Survey indicate that a perfect storm is brewing for financial leaders in the new year. Companies still struggle to navigate workforce shortages and retention of internal expertise, yet they remain highly dependent on in-house resources to perform many of the vital functions related to sales tax.

Sales 171

Sales Tax audit Construction 171

CPA Practice

APRIL 24, 2024

The IRS said it has offered alternative dispute resolution programs for years at various stages of the tax administrative process. He spent 11 years as an attorney advisor for the Taxpayer Advocate Service, as well as 13 years at Big Four firm EY, six of which were as associate general counsel, according to his LinkedIn profile. “He

Tax 115

Tax Education Government Account 115

TaxConnex

MAY 16, 2023

As you are likely aware, managing your sales and use tax obligations is not a small task. For many companies, investing in the legal, tax, and accounting expertise of outside consulting experts with a proven track record is a good option for sales and use tax compliance.

Sales 130

Sales Tax cpa firm CPA 130

Accounting Today

JANUARY 11, 2024

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan.

tax return 127

tax return business tax Tax corporation tax 127

Accounting Today

APRIL 15, 2024

The Internal Revenue Service is waiving penalties to companies that fail to pay their estimated taxes for the first quarter for the corporate alternative minimum tax.

Tax 68

Tax corporation tax 68

ThomsonReuters

FEBRUARY 9, 2024

As we step into a new year, the taxation realm is abuzz with discussions surrounding the Tax Relief for American Families and Workers Act of 2024. However, amidst this spotlight, there are other tax proposals quietly gaining momentum. Firms must prepare for potential shifts in tax liabilities and advise clients accordingly.

Tax 110

Tax tax return Technology income tax 110

Accounting Today

APRIL 25, 2024

The Internal Revenue Service and the Treasury Department released final regulations on the transfer of clean energy manufacturing, investment and production tax credits, with specific rules for partnerships and S corporations.

Tax 68

Tax Manufacturing 68

Accounting Today

SEPTEMBER 29, 2023

The Internal Revenue Service is allowing tax practitioners to see their client's tax information, including balance due amounts, as well as withdraw from their active authorizations online in real time.

Tax 135

Tax Account accountant accounted 135

Withum

JANUARY 31, 2024

Withum’s global advisory and accounting network, HLB International, has been named the Best Cross-Border Collaboration for Tax Solutions Global 2023 by Capital Financial International (CFI). Withum’s International Services team tailors custom solutions for clients on the international stage.

Tax 111

Tax accounting and finance Legal tax services 111

Accounting Today

JANUARY 19, 2024

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

Tax 133

Tax 133

Accounting Today

JANUARY 25, 2024

The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.

Tax 115

Tax tax preparation Technology 115

CPA Practice

OCTOBER 2, 2023

As part of a larger effort to improve technology, the Internal Revenue Service has added new features to its Tax Pro Account system that allow tax professionals access to new services to help their clients. Tax Pro Account users can now also withdraw from their active authorizations online in real time.

Tax 119

Tax Account accountant accounted 119