In January, IRS is sending Advance Child Tax Credit Letter 6419 and Third Economic Impact Payment Letter 6475.
CSEA has successfully completed another Stern/Mulak Advocacy Week, which took place in lieu of the typical Legislative Day held at the State Capitol.
National Taxpayer Advocate Erin M. Collins calls 2021 “the most challenging year taxpayers and tax professionals have ever experienced.”
IRS will begin accepting and processing individual 2021 tax year returns on Monday, January 24. The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, for most taxpayers.
Individuals who did not qualify for, or did not receive, the full amount of the third Economic Impact Payment (EIP) may be eligible to claim the 2021 Recovery Rebate Credit.
IRS’s updated FAQs for the 2021 Child Tax Credit and Advance Child Tax Credit help families claim the credit when they file their 2021 tax return. This extensive update includes multiple streamlined questions for use by taxpayers and tax pros.
Tax and bookkeeping practice for sale in the Sierra Foothills (Sonora). 25+ years in business. Over 500 tax returns. $400,000+ gross receipts. Highly profitable with opportunity for growth. Price negotiable to the right buyer.
IRS has provided the 2022 optional standard mileage rates used to calculate the deductible costs of operating a car (or van, pickup or panel truck) for business, charitable, medical or moving purposes.
Individuals who didn't get the full first and second Economic Impact Payments (EIPs) may be eligible to claim the 2020 Recovery Rebate Credit.
FTB has revised its PTE elective tax FAQs to clarify that a trust included in the definition of “taxpayer” under RTC § 17004, is a qualified taxpayer eligible for the PTE credit.
Whether you are a seasoned EA with numerous tax seasons under your belt, or recently received your EA license, we are accepting applications to join our team as a preparer and bookkeeper.
Businesses, payroll professionals and other payers shouold use Form 1099-NEC, Nonemployee Compensation, to report nonemployee compensation of $600 or more paid to a payee. Generally, payers must file Form 1099-NEC by Monday, January 31 for tax year 2
IRS will begin sending Letter 6419, 2021 Advance Child Tax Credit (CTC) in late December, and Letter 6475, Your Third Economic Impact Payment (EIP) in late January.
As part of the COVID relief measures during 2020, employers and self-employed people could choose to delay paying the employer’s share of their eligible Social Security tax liability. Half of that deferral is due on January 3, 2022.
FTB has corrected an error on its PPP loan forgiveness page, and has also updated its PPP FAQs.
CSEA's Tax Resource Specialist, Joe Calderaro, EA has shared a recent IRS Chief Counsel memorandum providing the agency’s viewpoint on the application of IRC §§ 469(c) and 1402(a)(1) to short-term rentals from real estate.
Taxpayers who don't itemize may qualify for a deduction of up to $600 for married taxpayers filing joint returns, and up to $300 for all other filers, for 2021 cash contributions to qualifying organizations.
We are a fast-growing Orange County CPA firm and are urgently looking for an experienced EA with 5-7 years of current public accounting and taxation experience. The ideal individual MUST possess an EA license and exceptional communication skills.
We are seeking a newly licensed EA with one year of tax experience in business and personal tax preparation. The ideal candidate must possess exceptional verbal and written communication skills, and communicate well with IRS and other govt. agencies.
Small CPA firm in San Luis Obispo has an immediate opening for a tax preparer. CPA or Enrolled Agent preferred. We have a full schedule of returns for the coming season. Must be experienced. Preparation of individual and business returns.
Tax office assistant wanted for temporary full-time employment with possible overtime. Job entails data entry, tax assembly, customer service, filing, making appointments, and mailing. Tax office experience and familiarity with Lacerte a plus.
IRS has launched an improved identity verification and sign-in process utilizing ID.me, for securely accessing and using its online tools and applications.
FTB recently published a list of the 500 largest tax delinquencies in excess of $100,000, including individuals and businesses.
Wildfire victims in parts of California now have until January 3, 2022 to file various individual and business tax returns and make tax payments.
Tax pros can now order up to 30 Transcript Delivery System transcripts per client through the Practitioner Priority Service (PPS) line.
Notice 2021-63 clarifies how taxpayers can take advantage of the temporary 100 percent business deduction for food or beverages from restaurants using per diem rates.
Experienced tax professional CPA with more than 20 years of experience is seeking a tax preparer or reviewer position this season. Remote work wanted.
Experienced tax preparer wanted. Self-starter. Able to work without minute-by-minute supervision. Lacerte software. Seasonal, February through April 15 full-time, with part-time after April 15 a possibility. Excellent work environment.
Furnished individual offices available in prime location in the Alameda, San Jose, just off the 880 exit. Large parking lot and elevator. You and your clients will enter the building through a peaceful park-like atrium. Private bath and kitchenette.
Small tax preparation and accounting office is looking for an experienced individual tax return preparer for in-office seasonal work. Part-time hours available. Possibility to extend to year-round work exists.
We are seeking a tax professional experienced in individual returns, pass-through entities and S corps/partnerships. Knowledge of ATX software. Person-to-person interview skills preferred. The position is seasonal at first.
Seeking a tax professional with a minimum of 5 years of recent tax preparation experience. Competent in Lacerte a plus. Strong technical knowledge in individual and business tax preparation. Excellent written and oral communication.
Seeking a tax professional with 10+ years of experience, skilled in using Lacerte software, with excellent communication skill for client interviews. No selling required. Private firm with 60 years of successful history. Over 2,500 clients annually.
Santa Rosa CPA firm is looking for an experienced CPA or EA to join our team either seasonally or preferably full-time. Position for tax preparer with Lacerte and QuickBooks experience.
IRS is now processing PTIN applications and renewals for 2022. Preparers must renew or register for their PTIN by December 31. The fee for applying or renewing 2022 PTINs is $35.95.
We have immediate openings and urgent need for Tax Professionals with 10+ years of experience! Job openings are contract positions with potential for permanent, long-term employment.
Since the California Legislature passed Assembly Bill 5 (AB 5) in September 2019, the rules regarding who is and who is not an employee in this state have gotten ever more stringent – and confusing.
IRS recently added new content to its Child Tax Credit and Advance Child Tax Credit Payments FAQs: Topic O, Returning a Payment.
FinCEN announced this week that victims of natural disasters, including the recent California wildfires, have until December 31 to file FBARs for the 2020 calendar year.
The latest issue of “A Closer Look” explains how IRS’s new Cannabis/Marijuana Initiative is helping business owners navigate complex issues surrounding this unique industry.
Starting October 28, a new $67 user fee will apply to any estate that requests a closing letter for its federal estate tax return.
This week FTB added a new web page, Help with Pass-Through Entity Elective Tax, with FAQs in several topic areas.
IRS conducted a biennial review of the SEE user fee in 2021, and calculated its costs for overseeing the SEE at $99 per part. The current user fee for each part of the SEE is $81.
Seeking a small EA practice to buy in Santa Clarita / SFV / Simi for next tax season.
EA needed for growing accounting business. Can work fully remote if desired. Duties include individual and small business tax prep, IRS correspondence and representation. Strong understanding of S corporations is a must.
IRS has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. Taxpayers with unpaid tax bills may be contacted by one of the new agencies as of September 23, 2021.
Individuals and households affected by the Dixie and River wildfires, who reside or have a business in Tehama and Trinity Counties, qualify for tax relief.
On November 1, CDTFA will begin accepting applications for the Main Street Small Business Tax Credit II through its online reservation system. Credit reservations will be allocated on a first-come, first-served basis.
Due to COVID-19, IRS is continuing to experience inventory backlogs and long processing times for Form 1139, Corporation Application for Tentative Refund, and Form 1045, Application for Tentative Refund.
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 generally extends the temporary tax changes enacted by the CARES Act through the end of 2021, helping individuals and businesses give to charity in 2021.
EDD automatically transferred approximately 340,000 claimants on Pandemic Emergency Unemployment Compensation (PEUC), which expired on September 4, to the Federal-State Extended Duration (FED-ED) extension that remained in effect until September 11.
IRS will permanently close its paper return processing center in Fresno, California at the end of September. The closure was originally announced in 2016 as part of a larger efficiency strategy, since most taxpayers now file electronically.
Small close-knit group is seeking a full-time seasonal EA or CPA with 5 years' experience, for in-office/remote work.
Placer County tax office is looking for an experienced CPA or EA to join our team either seasonally or preferably full-time. Our office offers income tax preparation, financial planning, bookkeeping and payroll processing.
Individuals who lost work or self-employment as a direct result of the Dixie Fire in Plumas and Lassen Counties, and the River Fire in Placer and Nevada counties, are now eligible to apply for federal DUA benefits.
IRS has added Topic G, Correcting issues after the 2020 tax return is filed, to its Recovery Rebate Credit Q&A page.
During National Preparedness Month, IRS is reminding taxpayers to create or update their emergency preparedness plans, make sure financial documents are secure, and create lists of property.
Notice 2021-52 announces the special per diem rates effective October 1, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.
Established tax and financial firm is seeking an experienced EA or CPA to join our team. Must have at least 5 years' experience with both individual and corporate tax returns.
IVES is modernizing its processing to implement Optical Character Recognition (OCR) software for reading Form 4506-C. The OCR software is expected to go live in October.
A new online application for the FIRE system, Information Returns (IR) Application for Transmitter Control Code (TCC), is scheduled to launch on September 26.
Generally, there is a non-payable one-week waiting period for individuals obtaining UI. However, Governor-declared emergencies waive the waiting period for regular UI benefit payments to eligible individuals affected by current disasters.
SBA will begin sending invitations for supplemental awards for the SVOG program within the next two weeks.
The White House has approved a Presidential Major Disaster Declaration for the Dixie and River wildfires, making federal funding available to individuals in Lassen, Nevada, Placer and Plumas counties.
Are you looking for a tax office to share? I have a custom designed professional tax office available, in a suite in The Shops at Rossmoor Shopping Center in Seal Beach, CA.
Beginning January 1, 2022, IRS will close several individual payment P.O. boxes (also called lockbox addresses) in the San Francisco, CA and Hartford, CT areas.
IRS has launched a new feature allowing families receiving monthly Child Tax Credit payments to update their mailing address via the Child Tax Credit Update Portal.
Since the PPP Direct Borrower Forgiveness Portal opened on August 4, the SBA has received more than 340,000 submissions from borrowers with PPP loans of $150,000 or less.
Established income tax and wealth management business is seeking experienced EA or CPA to join our team and take over preparation of approximately 250 established client tax returns, with ample opportunity to expand and grow.
Enrolled Agent position open in a small CPA practice. Must be able to work in Burbank, although some remote hours are available. 1-3 years of experience required; will consider applicants for EA exam.
Five million IRS Math Error Notices sent this filing season did not include language informing the taxpayer of the right to request an abatement.
Millions of families are now receiving advance CTC payments for the month of August, as direct deposits begin posting in bank accounts and checks arrive in mailboxes.
FTB is required by law to publish twice a year a list of the 500 largest tax delinquencies in excess of $100,000.
Small EA office is looking for an EA or CPA tax preparer with at least 3 years' experience with Lacerte and QB. Must have full knowledge of 1040, 1120s and 1065 LLC with Lacerte, and hands-on with QB.
In 2020, many taxpayers received Forms 1099-G for compensation they did not receive. Take these steps to help clients who are victims of unemployment compensation fraud.
Starting this month, IRS will begin sending letters to approximately 100,000 EIN holders whose responsible party appears to be out of date.
IRS has issued further guidance on the Employee Retention Credit, including guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022.
The deadline to file Form 2290, Heavy Highway Vehicle Use Tax Return and pay the tax is August 31, for vehicles used on the road during July 2021.
My practice has been established in Oroville for 33 years. 700 individual returns and 50 business returns. I also own the business building, and will sell the building or rent it.
North San Diego County tax office is looking for an experienced CPA or EA to join our team either seasonally or preferably full-time year-round. Our office offers income tax preparation, financial planning, bookkeeping and payroll processing.
The Public Information and Awareness (PIA) Committee has developed several PowerPoint presentations that Members can use to market themselves to specific industries.
IRS announced this week that another 1.5 million taxpayers will receive refunds averaging more than $1,600, as IRS continues to adjust unemployment compensation from previously filed income tax returns.
EDD continues to work with Bank of America to ensure the continuity and security of debit card services for payment of unemployment, disability, and Paid Family Leave insurance benefits.
On August 4, SBA will launch an application portal allowing borrowers with PPP loans of $150,000 or less, through participating lenders, to apply for forgiveness directly through SBA.
IP PINs help prevent identity thieves from filing tax returns using stolen Social Security numbers, and are now available to anyone who can verify their identity.
Small tax preparation and accounting practice in San Leandro is looking for a part-time experienced tax preparer to work year-round, with more hours during tax season. In-office job – great for semi-retired or part-time person. Lacerte is a plus.
I'm an EA located in Encino, CA. If you're thinking of retirement and want to sell your practice, please contact me. I'm well qualified with lots of tax knowledge, great management skills, and fantastic, well-trained staff.
Immediate opening for tax professional EA or CPA. Potential ownership in the near future. This is a full-time position year-round. Must be experienced in personal, corporate, partnership and LLC returns.
Tax professionals can now digitally initiate Powers of Attorney (POAs) and Tax Information Authorizations (TIAs) with IRS’s new Tax Pro Account. These digital authorization requests are simpler versions of Forms 2848 and 8821.
The goal of IRS’s Taxpayer Digital Communication Initiative is to implement tools that make it easier for taxpayers to engage with IRS. This includes secure messaging, real-time text chat, and Outbound Notification.
With security incidents on the rise, IRS is urging tax professionals and taxpayers alike to use multi-factor authentication, which is available on tax software products to help protect against identity and data theft.
Seeking a tax professional for Individual and Entity Tax engagements. Our substantially paperless office requires computer literacy and excellent communication skills for both live and virtual client/staff interface.
Under the second stimulus package approved by Governor Newsom on Monday, roughly two-thirds of Californians can expect a $600 payment, thanks to the second phase of the Golden State Stimulus.
Identity thieves are using advance payments of the Child Tax Credit as bait to get people to give up their personal information.
The first batch of advance monthly Child Tax Credit payments, worth roughly $15 billion, reached about 35 million families on July 15. About 86 percent of payments were sent by direct deposit.
IRS issued another round of refunds this week to nearly four million taxpayers who overpaid their taxes on unemployment compensation received last year.
IRS has redesigned and expanded its penalty guidance content page. Get information about many common penalties.
IRS has extended tax relief for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of COVID-19.
Established by the Consolidated Appropriations Act of 2021, the CERTS Program was created to support transportation service providers affected by COVID-19.