The year 2021 has been a tumultuous one for tax professionals, with continuing pandemic-related developments as well as new legislation, regulations, court decisions and IRS pronouncements. While the major developments are familiar to most, there are some that might have been missed due to the busy nature of the profession during the past year.Below are […]
The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims. We have all seen advertisements on TV and elsewhere for these scammers. They are usually not lawyers or […]
The Internal Revenue Service is inundated with the volume of returns yet to be processed and phone calls for assistance, and is working hard to remedy the situation. While there are many factors contributing to this, it is overwhelming to the agency, according to Stephen Mankowski, tax chair of the National Conference of CPA Practitioners, […]
Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability. You’ll need to choose a business structure before you register your business with the state. Most businesses will also need to get a tax ID number and file for the appropriate licenses and permits. Choose carefully. […]
Kinston, North Carolina: Former tax preparer Hildares Kinkesha Parker-Greene has been sentenced to 30 months in prison for conspiring to file false returns. In early 2016, Parker-Greene managed a tax prep business in Kinston, where she conspired with another preparer to fraudulently inflate clients’ refunds by claiming false wages, federal income tax withholdings and dependents. Parker-Greene […]
