Accounting Today

JULY 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. Attendees can also complete the registration on the IRIS working group meetings and notes page on irs.gov/IRIS.

Tax

Accounting Today

JUNE 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities.

Tax

Accounting Today

JUNE 20, 2025

3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. 15, 2025.

Mississippi

ThomsonReuters

OCTOBER 29, 2024

That will get you in trouble in the long run,” says Tracy Davis , Retail and Diversified Vertical Lead at Thomson Reuters at a recent webinar on Digital transformation for end-to-end indirect tax compliance. ONESOURCE Indirect Tax Maximize the impact of digital transformation with integrated tax technology.

Technology

Accounting Today

JUNE 13, 2025

Instead launches tax reports feature Valery Kachaev Tax management platform Instead launched an AI-driven tax reports feature. This feature is now available to eligible merchants in the United States using Shopify Tax. …

Technology

CPA Practice

JULY 7, 2025

Trust, Estate, and Gift Tax TRP Provide for the ability to e-file the following: Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return Form 706-NA, U.S. Estate (and Generation-Skipping Transfer) Tax Return – Estate of Nonresident Not a Citizen of the U.S. Form 709, U.S.

cpas

ThomsonReuters

JUNE 18, 2025

The PTET allows pass-through entities, such as partnerships and S corporations , to pay state income tax at the entity level and claim a deduction on their federal income tax returns. This, in turn, causes less income to be passed through to the individual owners.

income tax

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. TaxConnex ( [link] ): Your e-commerce clients can create problems with sales tax obligations in several ways.

E-commerce

Accounting Today

JUNE 9, 2025

Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season.

Technology

Accounting Today

AUGUST 4, 2025

2 to file various federal individual and business returns and make tax payments. The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. Quarterly estimated income tax payments normally due on Sept.

New Mexico

Accounting Today

AUGUST 1, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email By now, anyone reading this column has heard enough about the historic set of challenges confronting tax and accounting firms. Leveling up In both examples, firms are using technology to help prepare a tax return.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

auditor

Accounting Today

JULY 28, 2025

You know, Im just doing a tax return or Im just doing this. Its really coming around to our internal employees and saying, "Its not just [a tax return], you are worth this." So when you sit down and youve walked through a proposal for a client, they continually think, well, I could never charge that much. Im not worth it.

Technology

Accounting Today

JULY 24, 2025

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. West Long Branch, New Jersey: Resident Matthew Tucci has pleaded guilty to tax evasion. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax

CPA Practice

JULY 14, 2025

One tool that handles everything from source document gathering all the way to tax return assembly/delivery—and automates manual tasks like intake, signatures, and deadline reminders—makes your firm a more attractive employer, too.

West Virginia

TaxConnex

JULY 29, 2025

Broadly speaking, after that: You may or may not have to register to collect and remit sales tax in the state before the VDA or shortly after applying. If you have already registered, some states disqualify you from a VDA if you have filed any sales tax returns. Some states even want spreadsheets.)

tax return

Ronika Khanna CPA,CA

JULY 8, 2025

You report the payment as self-employment income on your personal tax return. Tax Treatment of Management Fees If you pay yourself a management fee: You report the income on the T2125 (Statement of Business Activities) on your personal tax return. You pay income tax on it at your personal marginal rate.

income tax

Accounting Today

JUNE 6, 2025

The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding. The new AI document assistant transforms lengthy documents into actionable insights by extracting key details.

Technology

Accounting Today

JUNE 5, 2025

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. .: CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return.

Tax

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases.

Tax

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.

Technology

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000. Herman Estes Jr. In March 2023, Estes made a $1.3

Tax

Accounting Today

JUNE 9, 2025

By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

Account

Accounting Today

JUNE 24, 2025

Whether advising nonprofits, preparing a tax return or planning an estate strategy, professional recommendations must be based on facts, rules and professional judgment. EDT 3 Min Read Facebook Twitter LinkedIn Email The impact of artificial intelligence on education has progressed exponentially.

Rhode Island

Nancy McClelland, LLC

MARCH 7, 2025

And because theres functionality for ProAdvisors that allows us to easily review and recategorize (check out my MSN article on our favorites), it means I can feel confident about the quality of the end result before it goes onto my clients tax returns. I also rely on apps that help me make the most of our time outside of tax season.

Technology

Accounting Today

JUNE 9, 2025

By Daniel Hood 34m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities.

Account

Accounting Today

JULY 15, 2025

She added later that Ready to Advise is vendor agnostic, as "our initial launch will have the user uploading the tax return, so it doesnt matter what your tax compliance solution is, you can use Ready to Advise."

Technology

Accounting Today

AUGUST 7, 2025

The study collected responses from March through June 2025 from 1,969 customers who filed annual tax returns in the past nine months using an online service, tax software or a hired professional.

tax preparation

Accounting Today

JULY 29, 2025

Accountants also dedicate substantial time to recording activities, including (though increasingly automated by software) ledger entries, tax liability entries, transfer pricing, intercompany transactions, tax return preparation and preparing for SEC filings in publicly listed organizations.

accounting and finance

CPA Practice

JULY 30, 2025

Of course, gig workers still need to keep track of their income because they’re required to file a tax return with the IRS if they have net earnings of $400 or more from gig work. In fact, the House Ways and Means Committee predicts increasing these thresholds will remove the need for more than one third of all 1099-MISC paperwork.

Technology

Accounting Today

JUNE 9, 2025

You go to the beauty portal, you go to the barbershop, they have more protection than a person who prepares tax returns. So it is safe to say that 70% of the people who prepare tax returns are not credentialed. Now, every month, the IRS comes out with a list on information on active pns. Youre counted in each category.

Washington

Accounting Insight

MAY 9, 2025

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. Weve taken key questions from webinars, events, and conversations with our customers, and put them all in one place, so we can clarify any confusion you may have. Provide digital quarterly updates. What is MTD for VAT?

income tax

CPA Practice

JUNE 18, 2025

Removed from Senate Bill: Restriction on regulation of contingency fees with respect to tax returns. The Child Tax Credit is also included and reflects a permanent increase to $2,200. Restoration of the limitation of “downward attribution” of stock ownership under section 958(b).

Tax

Accounting Today

JULY 10, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases. Brown and other ghost preparers who worked with him falsified 63 federal income tax returns for clients, causing the Treasury to issue $1,003,631 in false tax refunds.

Tax

CPA Practice

AUGUST 7, 2025

Expand Electronic Federal Tax Payment System (EFTPS) capabilities, which would enable business accounts to submit payments on behalf of individuals for Form 1040 and 1040-NR, including estimated tax payments, extension payments and balances due.

audit

Accounting Today

JULY 21, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases. IRS records analysis confirmed that the defendant did not file income tax returns for 2015 and 2016, but he eventually prepared and filed those documents two years later, in April 2018.

Rhode Island