CPA Practice

JANUARY 31, 2022

The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022, for most taxpayers. By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way federal holidays do.

tax return 75

tax return Tax Washington 75

CPA Practice

APRIL 5, 2024

(TNS) A Kennewick tax preparer 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.

tax return 103

tax return Tax tax preparation income tax 103

ThomsonReuters

NOVEMBER 2, 2021

As a corporate tax professional, you know the complexities of complying with business taxation requirements. Your company may have to file corporate tax returns in multiple states and local jurisdictions, as well as with federal — and perhaps international — tax authorities. Does every corporation file income tax returns?

tax return 59

tax return corporation tax income tax Tax 59

Snyder

JUNE 9, 2022

State income taxes. Business income taxes. Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022.

income tax 52

income tax tax return Tax E-commerce 52

CPA Practice

FEBRUARY 2, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. The relief includes extensions for various tax payment and filing deadlines. 2023 quarterly estimated income tax payments normally due on Jan.

Rhode Island 113

Rhode Island Tax income tax tax return 113

CPA Practice

FEBRUARY 15, 2024

Also, individual states may or may not conform their state tax deadlines to the extended federal tax deadlines. Here’s a list of states with IRS tax deadline extensions for 2023 federal income tax returns (normally filed in early 2024) and other details you need to know if you’re in an impacted area. 10 to Sept.

Rhode Island 102

Rhode Island West Virginia Tennessee Connecticut 102

TaxConnex

MAY 30, 2023

Trailing nexus is when a state makes you maintain your sales tax permit and comply with sales and use tax laws after you no longer meet the requirements for nexus with the state. The seller must file appropriate use tax returns for the remainder of the month of February and the next succeeding 11 months."

Sales 130

Sales Michigan Tax Wisconsin 130

TaxConnex

MARCH 31, 2022

Because of the level of complexity in adhering to these use tax notification requirements, many businesses simply registered for sales tax and started collecting and remitting the applicable sales tax. Two types of use tax. California state income tax return.”.

Tax 189

Tax Alabama Washington California 189

CPA Practice

FEBRUARY 9, 2024

However, if you are among the 68 million people expected to place bets on the big game, you need to know that taxes are part of the equation. So, as we start tax season, here’s what you need to know about what your Super Bowl bet has to do with your tax return. Super Bowl 2024 is on Sunday, Feb. 11 Where?

Gambling 122

Gambling Tax Sports South Carolina 122

CPA Practice

APRIL 26, 2024

Stats the agency released today about Direct File’s results, user feedback, and costs include: 140,803 taxpayers in the 12 states involved in the pilot program—Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming—filed their federal tax returns through the new service.

South Dakota 99

South Dakota Tax New Hampshire Wyoming 99

CPA Practice

JANUARY 12, 2023

The IRS said it is expecting more than 168 million individual tax returns to be filed this year, with the majority of those returns coming before the April 18 tax deadline. The IRS is urging taxpayers to have all the information they need before they file a tax return. 16, to file.

tax return 133

tax return income tax Tax Washington 133

CPA Practice

FEBRUARY 12, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. Missouri and Nebraska stopped taxing Social Security this year). All contents copyright 2024 The Kiplinger Washington Editors Inc.

Tax 131

Tax Minnesota income tax payroll tax 131

CPA Practice

NOVEMBER 17, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Claiming the child tax credit and other family tax credits and deductions can lower your tax liability or increase your refund. How much is the 2024 child tax credit? That’s the number you’ll use for the tax returns you will file in early 2024.

Tax 116

Tax income tax tax return Minnesota 116

CPA Practice

JANUARY 29, 2024

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 tax preparation software.

tax preparation 105

tax preparation tax return South Dakota Arizona 105

CPA Practice

SEPTEMBER 22, 2023

The EITC, in particular, is claimed on many federal income tax returns. The credit, designed to benefit workers with lower incomes, can lower tax liability for eligible households or result in a cash-back refund. The IRS says it doesn’t have information about taxpayer race when it identifies tax returns for audit.

audit 119

audit income tax tax return Tax 119

TaxConnex

JANUARY 26, 2023

The Division of Tax Appeals found that the individual had the authority to sign checks and prepare tax returns on behalf of the LLC and that his primary duties were listed as tax manager or general manager. The law firm asserted that it didn’t have nexus with the state and requested a waiver of penalties and interest.

Sales 130

Sales Tax Arkansas Missouri 130

CPA Practice

APRIL 9, 2024

Compliance and Reporting Ensuring compliance with payroll tax regulations involves timely and accurate reporting to various tax authorities. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Filing tax returns and remitting payments on time.

payroll tax 110

payroll tax West Virginia payroll cpas 110

CPA Practice

SEPTEMBER 12, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following Tropical Storm Idalia, the IRS has granted tax relief to South Carolina residents impacted by the storm. The relief includes certain extended federal tax filing and payment deadlines. Some state tax filing and payment deadlines have also been extended.

South Carolina 64

South Carolina Tax tax return income tax 64

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file.

income tax 111

income tax Mississippi tax return Arkansas 111

CPA Practice

AUGUST 14, 2023

When your account is locked by the IRS because you’ve been marked deceased, you can’t file tax returns or receive tax refunds. A CP01H notice is a letter issued by the IRS when the agency receives a tax return that contains a Social Security number (SSN) for a locked account. What is a CP01H notice?

tax return 98

tax return Maine Tax Washington 98

CPA Practice

AUGUST 21, 2023

They are taxed on their income but can’t write off most of their business expenses. Section 280E of the federal tax code bars marijuana firms from claiming business expenses on their federal tax return other than for their cost of goods sold. All contents copyright 2023 The Kiplinger Washington Editors Inc.

income tax 98

income tax Tax tax return Oregon 98

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. Need to file a 2019 tax return?

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

FEBRUARY 5, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) The IRS has granted federal tax relief for taxpayers impacted by severe storms in parts of Rhode Island. The relief includes extensions for various tax payment and filing deadlines. 2023 quarterly estimated income tax payments normally due on Jan.

Rhode Island 52

Rhode Island Tax income tax tax return 52

CPA Practice

MARCH 4, 2024

Taxpayers can now learn if they’re eligible to use the Direct File pilot program to file their 2023 tax return on the IRS website , which contains an easy step-by-step guide to help walk them through the process.

South Dakota 64

South Dakota New Hampshire Wyoming Nevada 64

CPA Practice

DECEMBER 27, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following severe tornadoes and storms that began on Dec. 9, the IRS has announced a Tennessee tax deadline extension for affected taxpayers. Eligible individuals and businesses now have an extended tax deadline of June 17, 2024. 9, 2023, and June 17, 2024.

Tennessee 69

Tennessee Tax income tax tax return 69

CPA Practice

JUNE 9, 2023

Taylor, Kiplinger Consumer News Service (TNS) IRS notices were recently sent to many California taxpayers indicating that balances due on their 2022 federal tax returns had to be paid in 21 days. The IRS clarified Thursday, in a Tweet , that a tax deadline extension applies in most of California. By Kelley R.

California 98

California tax return Tax Washington 98

CPA Practice

JULY 5, 2023

Note: Some legitimate unclaimed tax refunds are available at the IRS if you didn’t file a federal income tax return in 2019. Unclaimed tax refunds totaling about $1.5 billion remain unclaimed at the IRS because millions of taxpayers haven’t filed their tax returns for the 2019 tax year.

Tax 119

Tax tax return income tax Washington 119

CPA Practice

JULY 3, 2023

The IRS has made significant progress processing its backlog of most tax returns and has cut telephone hold times, according to the Taxpayer Advocate Service (TAS). Despite these improvements, the IRS is still behind in processing amended tax returns and taxpayer correspondence,” Taxpayer Advocate Erin M.

tax return 108

tax return Tax Washington California 108

CPA Practice

JANUARY 23, 2024

Taylor, Kiplinger Consumer News Service (TNS) If you received an Arizona child tax rebate last year, you will have to report that amount on your federal income tax return. The IRS has classified the rebate payments as taxable income, meaning some Arizona families might have to pay taxes on the money they received.

Arizona 69

Arizona Tax income tax tax return 69

CPA Practice

APRIL 8, 2023

It’s almost March, and the 2023 tax filing season is well underway. If you haven’t filed your tax return yet and are wondering how long it may take to get your refund when you do file, you’re not the only one looking for the answer. Updated: April 8, 2023: 7:41 pm ET. where the IRS is headquartered.

income tax 115

income tax Tax tax return Massachusetts 115

CPA Practice

DECEMBER 11, 2023

The Minnesota Department of Revenue plans to send 1099-MISC forms to rebate recipients for federal tax return purposes. The 1099-MISC is a tax form used to report miscellaneous income to the IRS. Review it for accuracy when you receive it and report the income on your tax return.

Minnesota 105

Minnesota Tax tax return Washington 105

CPA Practice

FEBRUARY 27, 2024

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.

tax preparation 52

tax preparation tax return Washington Tax 52

CPA Practice

FEBRUARY 14, 2024

The federal tax agency claims the California-based lender owes both corporate income and employment taxes spanning a four-year period ending in 2023, according to a lawsuit filed Tuesday in Washington federal court. million in back taxes it claims Silicon Valley Bank owes. ©2024 Bloomberg L.P. Visit bloomberg.com.

Tax 52

Tax tax return Washington New York 52

CPA Practice

JANUARY 23, 2023

By Tim Grant, Pittsburgh Post-Gazette (TNS) The stimulus benefits that have been fattening income tax returns for the past few years are gone. But since the stock market didn’t do so well last year, investors who sold at a loss can at least expect a lower tax bill. This year, the tax-filing deadline is April 18.

Tax 98

Tax tax return income tax Start-ups 98

CPA Practice

MAY 8, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Given the economy, many people are looking to save money where they can. Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year.

New York 125

New York California North Carolina South Carolina 125

CPA Practice

FEBRUARY 29, 2024

Businesses with income from farming or fishing that have not paid all of their 2023 tax year estimated taxes by Jan. 16 must file their tax returns and pay their entire tax due on or before March 1. Only those taxpayers that have paid their estimated tax payments by Jan.

Rhode Island 52

Rhode Island West Virginia Tax Connecticut 52

CPA Practice

JANUARY 30, 2023

Most individual taxpayers won’t have such issues for this tax season. For clarification, the weeks leading up to the April 18, 2023 , deadline is when Americans file tax returns for income they received during the 2022 calendar year, or they can file an automatic extension, which gives them an additional six months to file.

income tax 105

income tax Tax tax return Massachusetts 105