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EDT 2 Min Read Facebook Twitter LinkedIn Email The Securities and Exchange Commission headquarters in Washington, D.C. All rights reserved. Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7.
Taxpayers have up to six months after the due date of their federal income tax return for the disaster year (without regard to any extension of time to file) to make the election. Taxpreparers or taxpayers should write the relevant FEMA declaration number — 4874-DR for Mississippi, 4871-DR for Texas — on any return claiming a loss.
This article will delve into the various tax services offered by Enrolled Agents, including personal taxpreparation, business taxpreparation, personal tax planning, business tax planning, IRS and state tax audit representation, back tax help and resolution, and 941 payroll tax problem resolution.
Tax Talk: ( [link] ): If the expatriation regime applies to a denaturalized citizen, it imposes an exit tax through a deemed sale of worldwide assets, as well as a 40% transfer tax on gifts or inheritances received by U.S. Stated bluntly Withum ( [link] ): Washington Gov. All rights reserved.
EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. Bakersfield, California: Taxpreparer Victor Cruz, 40, has pleaded guilty to helping Miguel Martinez, a Mexican national who was in the U.S. All rights reserved. Sentencing is Oct.
EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. Washington, D.C.: He deprived the IRS of $145 million in tax revenue. Philadelphia: Taxpreparer James J. All rights reserved. in restitution to the IRS.
WASHINGTON, D.C. All rights reserved. The Public Company Accounting Oversight Board announced 685 students as PCAOB Scholars to receive $15,000 merit-based scholarships that total over $10 million. Read the full story. Forvis Mazars building in the U.S.
EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. Washington, D.C.: Hartford, Connecticut: Taxpreparer Clyde Gibson Jr., 43, has pleaded guilty to tax fraud. All rights reserved. Sentencing is Aug.
WASHINGTON, D.C. All rights reserved. VIRGINIA The Virginia Society of CPAs Educational Foundation awarded a total of $82,500 in scholarships for the 2025–26 academic year to 31 accounting college students across the state. The Securities and Exchange Commission announced Kurt Hohl was named chief accountant, effective July 7.
As youve probably heard, theres a lot going on on the tax front in Washington, D.C., Its got a host of tax provisions and some other provisions that could affect their profession in it as well. Now, I still have clients up in New York and in some areas theyre paying 15 $20,000 in property taxes. All rights reserved.
EDT 10 Min Read Facebook Twitter LinkedIn Email President Donald Trump displays the signed bill during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, D.C All rights reserved.
Aaron Dawson, CEO of Vancouver, Washington-based Opsahl Dawson, named it as the "biggest thing that we attribute growth to," and his fast-growing peers would agree. All rights reserved. Most of this years honorees mention being deliberate in their strategies for achieving exceptional revenue numbers over the last year.
consulting firm quits Gaza humanitarian aid effort amid criticism [ Washington Post ] On Friday, a leading U.S. IRS open-sources Direct File tax software amid political and industry pushback – here’s why [ ZDNet ] Despite making users happy, Direct File has faced fierce opposition from the commercial taxpreparation industry.
Rand Paul introduces bill to audit the Federal Reserve [ Washington Examiner ] Paul’s bill, the Federal Reserve Transparency Act, would require a complete audit of all of the Federal Reserve’s operational activities and mandate an enhancement of its decision-making through increased congressional oversight.
Capitol in Washington, D.C. All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email Pedestrians cross a street near the U.S. Al Drago/Bloomberg The U.S.
CFOs might be more optimistic about the legislation if polled today," said David Sites, national managing principal and head of the Washington National Tax Office and international tax solutions. All rights reserved.
Capitol in Washington, D.C. All rights reserved. Dennis July 01, 2025, 10:51 a.m. EDT 2 Min Read Facebook Twitter LinkedIn Email The U.S. Al Drago/Bloomberg The Senate killed a controversial effort to prevent U.S.
Capitol in Washington. Oliver Contreras/Bloomberg The House-passed version of Republicans tax and spending bill would add $2.8 All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email A runner stands near the U.S. trillion to U.S.
Earlier, F/m Investments, a Washington, D.C.-based All rights reserved. A firm named LionShares LLC in mid-June filed for an ETF that would invest in other ETFs tracking the large-cap U.S. equity market, but would at the same time look to "minimize" distributions, according to its paperwork.
EDT 5 Min Read Facebook Twitter LinkedIn Email President Donald Trump displays the signed bill during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, D.C All rights reserved.
EDT 2 Min Read Facebook Twitter LinkedIn Email The Internal Revenue Service building in Washington, D.C. All rights reserved. Samuel Corum/Bloomberg The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates.
House lawmakers returned to Washington Wednesday to vote on the Senate version of the measure, which passed the upper chamber 51-50 on Tuesday with Vice President JD Vances tie-breaking vote. All rights reserved.
Supreme Court in Washington, D.C. All rights reserved. telecom subsidy fund By Greg Stohr June 27, 2025, 12:34 p.m. telecom subsidy fund By Greg Stohr June 27, 2025, 12:34 p.m. EDT 2 Min Read Facebook Twitter LinkedIn Email The U.S. Stefani Reynolds/Bloomberg The U.S. Supreme Court upheld the $8.6
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 taxpreparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.
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 taxpreparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.
The team expects to raise hundreds of millions of dollars from the sale of PSLs, meaning that avoiding the 8.75% sales tax can turn into an additional subsidy of $25 million or more. Census Bureau now has an interactive map of states’ takes in cannibus excise sales taxes.
But affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS disaster hotline at 866-562-5227 to request tax relief.
Washington. Formerly enslaved, Washington used his freedom to help build an economic infrastructure for the Black community. Washington was born into slavery in Virginia in 1856. Following emancipation 9 years later, Washington’s mother moved with him to West Virginia to join her husband. TaxPreparation.
Washington. Formerly enslaved, Washington used his freedom to help build an economic infrastructure for the Black community. Washington was born into slavery in Virginia in 1856. Following emancipation 9 years later, Washington’s mother moved with him to West Virginia to join her husband. Washington vs. W.E.B.
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 taxpreparation behemoths like Turbo Tax and H&R Block. The IRS looks forward to engaging with stakeholders around this important topic in the months ahead.
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.
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. That sort of virtual hand-holding is similar to what you’d get by using commercial taxpreparation software.
Taxpayers in nine other states without an income tax—Alaska, Florida, New Hampshire, Nevada, South Dakota, Tennessee, Texas, Washington, and Wyoming—are also eligible to participate in the pilot program. In addition, the state of Washington agreed to join the integration effort for its application of the Working Families Tax Credit.
Over time, as the economy changed, states started looking for ways to shift the state business tax burden from in-state taxpayers to out-of-state taxpayers. One of the easiest ways to do so was to enact economic nexus standards for state business tax purposes. Ultimately, by the time Wayfair made it to the U.S. Supreme Court.
TNS) A Kennewick taxpreparer cost the United States $42 million in lost tax revenue between 2017 and 2020 after filing tax returns that were riddled with errors, fabrications and fraudulent entries, alleges the Department of Justice. The Department of Justice filed a civil complaint in Eastern Washington District U.S.
The Department of Justice recently arrested a New Jersey taxpreparer 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.
On average, the annual salary for a controller is $104,972, outearning both taxpreparers ($90,918) and senior accountants ($78,704). All contents copyright 2023 The Kiplinger Washington Editors Inc. Distributed by Tribune Content Agency LLC
This year, the IRS has launched a pilot program dubbed “Direct File” through which Americans can opt to have the IRS prepare their taxes for free (well, except for the billions of taxpayer dollars used to create the program). The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services.
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, taxpreparation & planning and compliance. Q: My nonprofit is tax-exempt. A : Not quite!
Coming on the heels of its acquisition of Cendrowski Corporate Advisors a couple of weeks ago, private equity backed tax and accounting firm Prosperity Partners said on Oct. 1 that it has acquired Wiener and Garg, a Rockville MD-based taxpreparation, planning, advisory, and accounting firm.
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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