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H&R Block ‘Data Wiping’ and Upgrade Policies Harm Taxpayers, FTC Says

CPA Practice

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The Federal Trade Commission (FTC) has filed a complaint against tax preparation company H&R Block, accusing the tax services provider of unfair and deceptive business practices. All contents copyright 2024 The Kiplinger Washington Editors Inc.

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Indiana Owner of D.C.-area Tax Preparation Business Pleads Guilty to Tax Refund Fraud Scheme

CPA Practice

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.,

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Is Software as a Service Taxable? 

Anders CPA

Many states don’t require a company to collect tax if all they provide is nontaxable services. How a state may define SaaS could determine if a company is required to file a sales tax return in a particular state, regardless of if SaaS is actually taxable by law within that given state. appeared first on Anders CPA.

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The Reversal of Washington State’s New Capital Gains Tax – Now What?

Withum

The Washington State Superior Court on March 1, 2022 overturned a new law enacted last year to tax capital assets. The capital gains tax took effect on January 1, 2022. The Washington State’s Capital Gains Tax imposed a single tax rate of 7% would apply to all levels of such income that exceed the standard deduction of $250,000.

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Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

MyIRSRelief

Nonprofit Tax Service by Mike Habib, EA Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. Q: My nonprofit is tax-exempt. A : Not quite!

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

The IRS taxes corporations as separate legal entities, which opens them up to double taxation. The IRS then taxes them at the corporate income tax rate. Shareholders still must file their personal income tax returns and report the corporate dividends and capital gains they get as part of their taxable income.