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Some States Offer Businesses Discounts on Sales Tax Collections
While all states penalize businesses for late and incorrect sales tax returns, close to 30 incentivize timely filing by offering a sales tax filing discount to businesses that file returns and remit payments by the due date. Two states even offer ...
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2018 IRS Income Tax Refund Chart
The IRS will start processing most returns on January 29, but will not start processing returns with the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until mid-February 2018.
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Trump to Tap Beverly Hills Lawyer to Lead the IRS
If nominated and approved, Rettig faces an uphill battle in turning around the IRS, which has suffered in recent years from a dwindling budget and several black eyes, including the “Tea Party scandal” that unfolded under Koskinen’s watch.
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Many Disabled Taxpayers Qualify for EITC
A tax professional such as a CPA, EA or tax attorney can assist taxpayers in determining whether they are eligible for this and other credits.
IRS Says More Taxpayers May Qualify for EITC Due to Hurricanes
A special computation method, available only to people who lived in one of the hurricane disaster areas during 2017, may enable them to claim the EITC or claim a larger than usual credit. Under this method, taxpayers whose incomes dropped in 2017 can ...
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How to Choose an Income Tax Preparer: Which Tax Pros Can Represent Taxpayers Before the IRS?
Participants in the program who are not attorneys, CPAs or EAs do not have unlimited rights. Their rights are limited to representing clients whose returns they prepare and sign, but only before revenue agents, customer service agents and the taxpayer ...
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Top 10 Surprising Tax Deductions
As the year comes to a close, we have compiled some unexpected tax deductions you may be able to claim on your return as you look at getting your financial house in order and as you consider other New Year’s resolutions. Whether with your business, ...
The Top 5 Tips to Help Small Business Owners Survive the 2018 Income Tax Season
The endless stream of forms, deductions and claims is, shall I say, less than enjoyable, and this hardship only increases when you have an unconventional occupation – such as a freelance anything – or own a business (particularly one with employees).