CPA Practice

APRIL 7, 2023

An Indiana woman pleaded guilty in federal court last Friday in the District of Columbia to conspiring to file false tax returns and related charges. According to court documents and statements made in court, Awett Tedla of Indianapolis was the owner and operator of Speedy Tax Services, L.L.C., and District Heights, Maryland.

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CPA Practice

MAY 17, 2023

The IRS is planning to roll out its own free online tax-filing system in a move that could put the agency in direct competition with online tax preparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.

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CPA Practice

AUGUST 11, 2023

The Department of Justice recently arrested a New Jersey tax preparer for allegedly seeking more than $124 million from the IRS. The multi-millions came from filings of over 1,000 false tax forms claiming the pandemic-related employee retention credit, also referred to as the ERTC or ERC. Treasury Department.

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MyIRSRelief

MAY 15, 2024

This FAQ dives into the common tax pitfalls nonprofits face, explores the power of enrolled agents (EAs) as your tax superheroes, and equips you with the knowledge to keep your organization financially healthy, tax preparation & planning and compliance. Q: My nonprofit is tax-exempt. A : Not quite!

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inDinero Tax Tips

MARCH 2, 2023

That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their tax returns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?

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Going Concern

OCTOBER 7, 2022

In an effort to resolve tens of thousands of outstanding tax bills, some dating back to 1993, the city of San Francisco has recently sent out a round of notices to people who owe some long-overdue taxes — and some of these bills may seem ridiculous. A 53-year-old resident of Graham, Washington, pleaded guilty yesterday in U.S.

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MyIRSRelief

MAY 1, 2024

They can advise on maximizing retirement contributions, choosing the most advantageous business entity, and implementing investment options that minimize your overall tax burden on forms like 1120, 1120S, and 1065. Time Efficiency: Tax preparation and research are notorious time-sinks.

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CPA Practice

JULY 13, 2023

“The Security Summit plays a key role in protecting federal and state tax filings from identity thieves. Their work continues to strengthen our systems against fraudulent tax returns,” said IRS Commissioner Danny Werfel. Tax professionals also form a critical part of our defenses. San Diego and Orlando.

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inDinero Tax Tips

MARCH 2, 2023

That means you must disclose any cryptocurrency trading activity conducted over the past year on your tax return. Taxpayers are required to report all cryptocurrency transactions, including buying, selling, and trading, on their tax returns. How Do Businesses Report Capital Gains Tax on Cryptocurrency?

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CPA Practice

MARCH 1, 2023

But what about when death and taxes coincide, such as when someone dies during the year and has a tax filing obligation? Unfortunately, when someone is deceased, the decedent’s personal representative is generally required to file any final tax returns for the deceased person. The online tool, (i.e., “How

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CPA Practice

MARCH 12, 2024

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. million in Washington. This includes 5.2 million in California, 3.8 million in Texas, 2.8 million in New York, 2.4

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Withum

JANUARY 17, 2022

Financial affairs include organizing your investments, determining doable goals, simplifying your investments, working to reduce your tax preparation fees and claiming unclaimed funds. There is also a third category for people that own businesses.

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CPA Practice

APRIL 14, 2023

By David Lightman, McClatchy Washington Bureau (TNS) It’s been easier this year to get in touch with someone at the Internal Revenue Service. In Washington, the finding was the same—thanks to improved staffing and training, IRS service is getting better and there’s new optimism it can get stronger in the years ahead.

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CPA Practice

JULY 24, 2024

3, 2025, to file various federal individual and business tax returns and make tax payments. The tax relief postpones various tax filing and payment deadlines that occurred from July 5, 2024, through Feb. Quarterly estimated income tax payments normally due on Sept. 16, 2024, and Jan. 31, 2024, and Jan.

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CPA Practice

OCTOBER 13, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has announced tax relief for taxpayers impacted by the Oct. 16 tax deadline for those who requested a federal filing extension for last year’s taxes. 7, 2024, to file these returns. 7, 2024 to file 2022 federal tax returns.

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