Scam / Fraud Awareness & Prevention
Learn about common scams, basic steps to avoid scams, and how to protect yourself from cyber scams, IRS scams, and charity scams. Stay vigilant and prevent fraud in your daily life.
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E-QIP Instructions for IRS Applicants
Complete guide for IRS applicants on how to navigate and complete the electronic questionnaires for investigation processing (E-QIP) system. Includes helpful tips and definitions.
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Understanding Independent Contractors and Employee Distinctions
Learn about the differences between employees and independent contractors, including key definitions, honorarium distinctions, the US Dept of Labor wage and hour guidelines, factors determining the relationship of parties, and the IRS 20 factors of the common law test.
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Update on Cross-Border M&A in Corporate/International Taxation
This update covers key discussions on cross-border M&A in corporate and international taxation, including PTEP and Section 961 Basis implications, IRS Notice 2024-16, and regulations to be issued for covered inbound transactions. The content delves into intricate scenarios involving basis adjustment
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Understanding IRS Reporting Requirements for Supplier Payments
This document covers important reminders related to 1099 corrections, choosing the right location and address when entering vouchers, reasons for reporting to the IRS, and guidelines on which suppliers are reportable. It also provides examples of reportable payments, such as rents, awards, medical s
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Taxpayer Information for Direct Fee Payments - Guidelines and Forms
Guidelines and procedures for providing taxpayer information to the IRS for direct fee payments made to representatives of claimants for Social Security and Supplemental Security Income benefits. Learn how to register, complete required forms, and request direct payment online. Find information on e
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Hedge Fund Tax Strategies: Wash Sales Rules and Solutions
Explore the intricacies of wash sales rules in hedge fund tax strategies, including the disallowed loss consequences, tacked-on basis adjustments, and feasible solutions like strategic fund switches and options trading to maintain economic outcomes while complying with IRS regulations.
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Understanding Tax Tables, Worksheets, and Schedules for Federal Income Taxes
Explore the concept of tax tables, worksheets, and schedules for calculating federal income taxes. Learn how to express tax schedules algebraically and compute taxes using IRS resources. Examples featuring single and married taxpayers provide practical insights into determining taxable income and ca
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Maximizing Educational Choice in Georgia Through the GOAL Tax Credit Program
Explore a comprehensive roadmap for CPAs, financial advisors, and business owners interested in supporting educational choice for Georgia students through the GOAL Tax Credit program. Learn about the Georgia GOAL Program overview, double-tax benefits, contribution limits, and how IRS regulations cre
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Managing Overpayments and Changing Collection Procedures for Cross-Year Overpayments
Overpayments collecting in one year but repaid in another can lead to tax reporting issues. To prevent discrepancies, it is essential to switch from gross to net overpayment collection. This ensures accurate tax withholdings and reporting for both the employee and the employer. The process involves
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Areas Requiring Deeper Scrutiny in Taxation - Saravanan B., IRS
Explore the various areas necessitating closer examination in taxation, such as adjustments in income, capital gains computation, liabilities, and more. Saravanan B., an IRS official from Chennai, highlights key points for scrutiny in financial statements and profit-loss accounts.
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St. Louis University Tuition Benefits Overview
St. Louis University offers tuition benefits for employees, spouses, and dependents through programs like tuition remission and FACHEX. Full-time faculty and staff can apply for tuition remission up to 18 hours per academic year, subject to certain conditions. Eligible participants can apply online
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Annual Filing Requirements for Knights of Columbus Councils
Learn about the IRS annual filing requirements for Knights of Columbus Councils, including the need to file Form 990, obtain an EIN, and maintain tax-exempt status. Failure to comply can result in the revocation of tax-exempt status and reinstatement fees. Find detailed guidance on applying for an E
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1099 Reporting Deadlines and Responsibilities in State Accounting Bureau
This detailed document outlines the deadlines and responsibilities related to 1099 reporting in the State Accounting Bureau (SAB). It covers important dates for filing and adjustments, interactions with agencies, and SAB's responsibilities in handling CP2100 notices and Bulk TIN Match processes. The
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IRS Bankruptcy Issues in Subchapter V of Chapter 11 Explained
This content discusses the IRS bankruptcy issues in Subchapter V of Chapter 11, focusing on tax return filing requirements and payment of post-petition taxes under both standard Chapter 11 and Subchapter V. The responsibilities of debtors, trustees, and governmental units, as well as the compliance
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Proposed Business Expense and Travel Reimbursement Policy Updates - April 2019
Business Expense and Travel Reimbursement Policy updates aimed at ensuring compliance with IRS rules, benchmarking with peers, addressing preferred purchasing methods, and enhancing communications and training. Key stakeholders and core team members involved in the project are listed.
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Understanding 1099 Reporting Guidelines and Systems
The article provides insights into the 1099 reporting process, including details about the Miscellaneous Income System (MINC), Form 1099 issuance, criteria for 1099 reporting, the Statement of Earnings System (EARN), and the Special Payroll Processing system (SPPS). It explains the responsibilities
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Major Accounting Issues Affecting Private Clubs and Not-for-Profit Entities
Condon O'Meara McGinty & Donnelly LLP discusses current accounting issues impacting private clubs, including ASU 2016-14 on not-for-profit financial statements, ASC 606 revenue recognition, ASC 842 on accounting for leases, and ASC 715 on compensation retirement benefits. The presentation covers rea
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Overview of 1099 Reporting Systems
The 1099 Reporting Systems consist of MINC, EARN, and SPPS, which are used for IRS 1099 reporting purposes. These systems handle transactions and generate Form 1099 for recipients based on predefined criteria. Taxpayers are responsible for accurate reporting to the IRS, with reporting thresholds set
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Civilian Permanent Change of Station Tax Law Changes Town Hall Session
The presentation covers updates on Tax Cuts and Jobs Act affecting PCS entitlements, tax reporting, debts, and reimbursements. It details the process, deadlines, and responsibilities for civilians moving under DFAS. Information on RITA, vendor payments, amended returns, and IRS compliance is provide
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Guidelines for Conducting Surveys under Section 133A by S. Mohd Mustafa, IRS
Explore detailed insights on selecting and conducting surveys under Section 133A by S. Mohd Mustafa, covering the importance of surveys for assessment, recovery, and enforcing provisions like TDS/TCS. Understand the crucial role of surveys for gathering information related to stock verification, cas
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Worried About IRS Audits? Here’s How SAI CPA Services Can Help You Avoid Them!
IRS audits can be stressful, but with the right preparation, you can minimize your chances of being audited. Audits often stem from discrepancies or unusual patterns in tax returns. Common triggers include math errors, large deductions, unreported in
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Understanding Employee vs. Independent Contractor Distinctions in Taxation
Explore the nuances of classifying workers as employees or independent contractors, delving into the implications, control factors, financial considerations, and relational aspects involved. Gain insights into the IRS's classification rules and the importance of compliance to avoid penalties.
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Understanding the Special Milk Program (SMP): Eligibility, Reimbursement, and Requirements
The Special Milk Program (SMP) encourages milk consumption among children in care settings, administered by the Department of Public Instruction (DPI) in Wisconsin. Participating agencies receive federal reimbursement for milk served to eligible children. This program operates year-round for non-sch
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Moving Expense Information and Eligibility Guidelines
Information on moving expense eligibility for non-taxable treatment, including distance requirements and time considerations. Details on taxable vs. non-taxable moving expenses, helpful hints for new employees, and guidelines for adequate accounting. IRS Publication 521 is referenced for additional
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Efficient Team Management with Integrated Reporting Service (IRS)
Streamline team management processes using Integrated Reporting Service (IRS), allowing different operators and authorities to efficiently manage teams, assign roles, and grant user privileges. Learn about the roles, responsibilities, and how to set up and manage teams effectively through IRS platfo
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Striking the Proper Balance: Compensation Package Tips for Rebbis and IRS
In this presentation, you will learn about creating a compensation package that satisfies both Rebbis and the IRS. It covers topics such as Qualified Tuition Reductions (QTR), tax implications, wage basics, and legal disclaimers. Understanding the delicate balance between salary and benefits is cruc
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Understanding Financial Best Practices for NC 4-H Clubs
The article discusses the transition of tax-exempt status for 4-H groups in North Carolina, detailing the importance of Group Exemption Numbers (GEN) and the implications of changes in federal income tax regulations. It explores the history of tax exemptions for 4-H clubs, highlighting the IRS rulin
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Legal Issues and Compliance for Charter Holders in Texas Education
This content covers essential legal information for entities holding charters in the education sector in Texas. It addresses governance, applicable laws and regulations, eligibility criteria, and compliance requirements related to IRS 501(c)(3) exemption status. Key topics include organizational str
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Guide to IRS Tax Exempt Status Application for Non-Profit Organizations
This comprehensive guide provides essential information on applying for tax-exempt status with the IRS for non-profit organizations. It covers the benefits, application procedures, responsibilities, and tools needed for a successful application process. From determining eligibility to understanding
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Minimizing or Avoiding IRS Penalties on 1098-T Filing
Learn how to respond to IRS penalties on 1098-T filings, understand 972CG notices, reasons for reporting errors, steps for appealing penalties, and what to do after submitting an appeal. Take action within the 45-day window to avoid fines and potential interest charges.
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IRS 8823 Guide and OHCS LIHTC Compliance Training Overview
In this comprehensive training, the IRS 8823 Guide and OHCS LIHTC Compliance process are discussed by Jennifer Marchand, a technical advisor. The training covers the basics of tax credits, 8823 process, compliance tips, and more. Participants learn about reporting requirements, IRS processing, corre
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Understanding OHCS Inspection Rating Process at AHMA Conference Summer 2019
Learn about the OHCS inspection rating process discussed at the AHMA Conference Summer 2019. The process includes different types of inspections, steps involved in the inspection process, common findings, tips to improve rating, consequences of non-compliance, and the new IRS requirements. Understan
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Dealing with IRS Assessments: Options for Challenging Unfair Tax Claims
Learn how to address erroneous IRS assessments through various options like audit reconsideration, doubt-as-to-liability, offers in compromise, refund litigation, and bankruptcy. Make an informed choice based on factors like refund eligibility, ability to pay, receipt of the Notice of Deficiency, an
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Common Compliance Findings in IRS Form 8823 Compliance Continuum
Tina Clary provides insights into ten common compliance findings related to IRS Form 8823, focusing on issues such as VAWA policies, incorrect forms, targeted set-asides, and more. State findings that may not necessarily lead to 8823 violations are highlighted, with recommendations for addressing ea
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Understanding the Use of Interest Rate Swaps in Insurance Industry
This presentation delves into the world of interest rate swaps (IRS), their types, regulations, and market overview in the insurance sector. It explores why the IRS market is not growing despite its potential benefits. The content covers IRS basics, variations in types, regulatory guidelines, and ke
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Managing Distribution Lists in Integrated Reporting Service (IRS)
Integrated Reporting Service (IRS) allows users with Notification Submitter privileges to create distribution lists to inform interested parties about notifications submitted. Creating distribution lists saves time by eliminating the need to repeatedly enter email addresses, ensuring all relevant pa
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Understanding IRS Guidelines on Tip Reporting
Explore the history of tax rules on tip income and delve into the new IRS guidance regarding tips versus service charges. Learn about the distinctions, employer responsibilities, and the impact on FICA taxes and Federal income tax withholding. Gain insights into key factors that differentiate tips f
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IRS Audit Survival- gnsaccountancy
IRS Audit Survival | NGO Ready for the Public Support\nNGO for an IRS audit with expert guidance. Ensure public support compliance and audit readiness with our tailored services for nonprofits.
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Expert Help Negotiating with the IRS
Need help negotiating with the IRS? Mike, a seasoned negotiator based in Minnesota, assists clients nationwide with IRS negotiations, business-to-business issues, and internal business matters. With proven expertise, Mike builds relationships, listen
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