MyIRSRelief

OCTOBER 30, 2023

Income Tax Return for Estates and Trusts, is a complex tax form that is used to report the income and expenses of estates and trusts. Trust tax preparation can be a challenging task, even for experienced tax preparers. Trust tax preparation can be a challenging task, even for experienced tax preparers.

tax preparation 130

tax preparation Tax tax return income tax 130

ThomsonReuters

MAY 20, 2025

Jump to Streamlining tax engagement through effective communication Introducing SafeSend One: Your communication and client experience solution Changing the tax client experience with effective communication The tax preparation process is often full of problems, from finding documents to managing many systems.

tax preparation 52

tax preparation Technology Tax tax return 52

Ace Cloud Hosting

MAY 22, 2025

April isnt the finish line for CPAs and tax preparers; its a turning point. The long hours, late nights, and pressure of tax season leave many accountants physically and emotionally.

Tax 87

Tax tax preparation cpas accounted 87

CPA Practice

MAY 19, 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. Free File does not auto complete any of the financial information but does provide free filing for most state taxes.

tax preparation 136

tax preparation Tax tax return Washington 136

TaxConnex

MARCH 1, 2022

It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921). Sourcing is huge.

South Dakota 246

South Dakota Sales West Virginia Tax 246

ThomsonReuters

APRIL 28, 2025

Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Enhanced tax research capabilities Beyond workflow, AI is revolutionizing the way firms approach tax research.

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accounting firms tax preparation Technology Tax 100

ThomsonReuters

OCTOBER 11, 2024

Jump to ↓ Why tax season resources matter How to make the most of these resources Tax season success starts here Tax season is here, and with it comes the familiar rush of deadlines, complex returns, and endless questions from clients. These resources are intended to help you with: Staying informed with the latest tax updates.

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CPA Practice

OCTOBER 14, 2024

TurboTax, the most widely-used do-it-yourself tax preparation in the U.S., is out with a new advertisement in which it is telling Americans that maybe they should save money and have a “tax break up” with their professional preparer by using one of TurboTax’s live experts.

Tax 105

Tax tax preparation quickbooks cpas 105

CPA Practice

JULY 17, 2024

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer. 5, Jacob pleaded guilty to aiding and assisting in the preparation of a false tax return. Hubbert of the Justice Department’s Tax Division made the announcement.

New York 111

New York tax preparation tax return Tax 111

TaxConnex

MAY 7, 2024

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

Accounting Today

DECEMBER 22, 2023

A look at the credits, regulations and other tax developments that will shape the coming tax season.

tax preparation 128

tax preparation Tax 128

CPA Practice

MAY 21, 2025

Filed automates the complete lifecycle of a tax returnfrom structuring diverse client documents to validating returns and proactively flagging anomalies based on firm-defined rules.

Technology 59

Technology tax preparation Tax income tax 59

ThomsonReuters

MARCH 3, 2025

While advanced tax technology and automation are nothing new for most accounting firms, the introduction of agentic AI is redefining what classifies as a mundane task. For years, automation has eliminated the need for tax professionals to spend their days steeped in manual data entry, searching for blank fields or numbers that dont add up.

Tax 93

Tax accounted Account accountant 93

Accounting Today

MARCH 11, 2025

Steve Cohen has re-introduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

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tax preparation Tax 116

Going Concern

NOVEMBER 7, 2024

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. The greatest variance in pricing was for tax planning and advisory services in particular. We know Big 4 and mid-tiers have this pricing thing down.

cost accounting 116

cost accounting accounting firms accounted Account 116

CPA Practice

OCTOBER 23, 2024

With the 2025 income tax filing season coming soon, the IRS is encouraging all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN). IP PIN users should share their number only with the IRS and their tax preparation provider.

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tax return Tax online accounting tax preparation 105

TaxConnex

JUNE 15, 2021

Why are you paying more penalties for missed notices and late payments than you were before you started working with your sales tax vendor? The good news is there are other providers that put the client first and ensure sales tax is managed correctly. Will you help me monitor my sales tax obligations? in every state?

Sales 246

Sales Tax audit tax preparation 246

CTP

JANUARY 17, 2025

One of the many roles we play as tax planners is as the taxpayers audit support system. We will especially want to have this conversation if our clients tax return features one of the IRS red flags of the season. The taxpayer claimed a tax credit that has resulted in a lot of fraud. billion of potentially fraudulent ERC claims.

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audit Tax auditor tax return 96

Going Concern

APRIL 5, 2024

A federal grand jury in Newark, New Jersey, returned an indictment Wednesday charging tax preparer Leon Haynes of Teaneck, New Jersey with fraudulently seeking more than $150 million from the IRS by filing more than 1,600 false tax returns for himself and his clients that claimed COVID-19-related employment tax credits.

tax preparation 116

tax preparation New Jersey tax return Tax 116

CPA Practice

NOVEMBER 20, 2024

Accounting and Tax Pricing Benchmark report from Ignition, which surveyed 345 owners and decision-makers in accounting firms, adds that most firms are planning to increase fees across services by 5% or 10% in 2025. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns.

accounting firms 116

accounting firms accounted Account accountant 116

TaxConnex

APRIL 20, 2021

This time of year, everybody’s mind is on income tax preparation. The fact is, when it comes to many companies’ federal and state income tax returns, they don’t rely on an automated income tax return. Why should sales tax be any different? Many companies are enamored by an automated sales tax returns approach.

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Sales Tax tax return income tax 214

MyIRSRelief

MAY 16, 2025

For Glendale residents and businesses, as well as those in nearby cities like Pasadena, Burbank, and Whittier, tax season can feel like a daunting maze of forms, deadlines, and IRS complexities. Fortunately, Mike Habib, EA, and his esteemed tax firm, based in nearby Whittier, offer a beacon of clarity and expertise.

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tax services Tax Real Estate tax preparation 130

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

tax planning 138

tax planning Tax tax preparation 138

RogerRossmeisl

JANUARY 16, 2022

The post Keep Your Tax Return Safe from “Ghosts” appeared first on Roger Rossmeisl, CPA. (This is Blog Post #1159).

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tax return Tax CPA tax preparation 243

ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

Technology 52

Technology accounting firms Tax tax preparation 52

Accounting Insight

MAY 2, 2025

Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. The benefits of personal tax automation? The benefits of personal tax automation? In this blog, we look at: What personal tax automation is.

Technology 59

Technology accounting firms Tax tax return 59

MyIRSRelief

SEPTEMBER 6, 2024

Navigating the complex world of taxes can be a daunting task for small business owners and self-employed individuals. The intricacies of tax laws, the constant updates, and the myriad of forms and deadlines can make tax season a stressful time. Get tax help today by calling us at 1-877-788-2937.

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MyIRSRelief

MARCH 29, 2024

In the bustling city of Whittier, California, businesses face a myriad of tax-related challenges that can significantly impact their operations and financial health. From business tax preparation to dealing with unpaid back taxes and navigating complex audits, the tax landscape can be daunting.

California 130

California tax services business tax Tax 130

Accounting Today

AUGUST 9, 2024

The Treasury Department and the Internal Revenue Service said Friday that Connecticut will be the latest state to join the IRS Direct File program for free tax preparation.

Connecticut 126

Connecticut Tax tax preparation income tax 126

CPA Practice

OCTOBER 14, 2024

Here are the rules and expectations: Candidates should be working in the accounting field, or supporting the field (public, private, tax preparation, consulting, academia, government) and have not turned 40 as of Oct. Nominees must have not turned 40 by Oct.

Education 128

Education tax preparation public accounting Gaming 128

inDinero Tax Tips

DECEMBER 4, 2024

Simplifying tax preparation and compliance. Examples include rent, property tax, and insurance. Predicting surpluses, allowing you time to plan investments in advance. Generating financial statements, balance sheets, and income statements to share with investors and lenders. Improving expense management and cost control.

tax preparation 104

tax preparation bookkeeping Expense Management financial statements 104

ThomsonReuters

JANUARY 23, 2025

Jump to 5 ways AI can reduce stress this tax season Understanding the long-term value of AI Implementing AI amidst the hustle and bustle of tax season Tax season is a notoriously stressful period for tax and accounting professionals. Automate repetitive tasks. Streamline e-filing. Adapt quickly to legislative changes.

Tax 52

Tax Technology tax preparation accounted 52

MyIRSRelief

APRIL 14, 2023

Tax disputes can be a headache for individuals and businesses alike. If you are facing a tax dispute in Los Angeles, you need a skilled tax representative in your corner who can help you navigate the complex world of tax law and achieve a favorable outcome. He resolved my tax dispute with the IRS quickly and efficiently.

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Tax tax preparation audit payroll 147

Accounting Today

DECEMBER 27, 2024

The tax preparer known as 'the Magician' will pay $145 million in restitution.

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tax preparation Tax 105

Accounting Today

JANUARY 25, 2024

The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.

Tax 124

Tax tax preparation Technology 124

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms 111

accounting firms Technology accounted Account 111

CPA Practice

SEPTEMBER 19, 2024

The new tax season of 2024 brings multiple changes and updates, which makes it a rather challenging time for all tax professionals. At a minimum, tax professionals need to stay sharp and up to date with the laws and regulatory requirements that change from year to year. By Isaac Bock.

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Tax tax preparation tax return Education 132