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Mississippi, Texas storm victims get tax relief

Accounting Today

Penalties on payroll and excise tax deposits due on or after March 14 and before April 10 in Mississippi will be abated as long as the tax deposits were made by April 10. In Texas, penalties on payroll and excise tax deposits due on or after March 26 and before April 10 will be abated as long as the tax deposits were made by April 10.

Tax 191
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Tax Fraud Blotter: Negative waves

Accounting Today

million in checks payable to his chiropractic practice at a check cashing business rather than depositing them into the practices bank account; he also deposited checks and e-payments into his personal bank accounts. In 2018, 2019 and 2020, Lee cashed more than $1.4

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Tech News: Prager Metis teams with Kearns Technology

Accounting Today

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After 'successful' season, new IRS problems loom: TAS

Accounting Today

Refunds averaged $2,942; slightly more than 81 million refunds were issued via direct deposit. The service received nearly 141 million individual income tax returns and processed about 138 million this tax season, according to the National Taxpayer Service "Objectives Report to Congress" for Fiscal 2026.

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The state of the 'Big Beautiful Bill' and more

Accounting Today

The one thing that does not appear on the K one is if the estate or trust made federal tax deposits, so the 10 41 has to be filed showing that estimated taxes were paid. Now in the final year of the return, all the income goes to the beneficiaries, but that also includes if there are any unused capital losses. That also appears on the K one.

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Coronavirus is Faster Than the Stimulus

Cloud Accounting Podcast

They have 60 million direct deposits they can do. We're covering a lot, including problems with the SBA Paycheck Protection Program (PPP); how the IRS can only print 5 million checks per week; and what makes Mnuchin's direct deposit website a fraud paradise. They're gonna do that in mid-April.

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Value Pricing Accounting Advisory Services

Cloud Accounting Podcast

It was an article that appeared in Financial Management Magazine about how to automate bank reconciliations with Excel Power Query. I got a deposit from the IRS in my bank account for $32.12, and I thought, oh, no, is this my stimulus payment? So, now, this makes me question- they obviously have my direct deposit info.