Create Invoice, Populated from Billable Inventory Item in Bill, Populated From Purchase Order
30 Day Trial Coupon https://mailchi.mp/162b76dee17d/3vb67kuoou
Playlist: https://www.youtube.com/playlist?list=PL60SIT917rv5CNsiaWRWIs91vU_X6pJm6
Google Classroom: https://classroom.google.com/c/NTA5MDIzODQxMTc2?cjc=a27ebm4
Code: a27ebm4
Resource: transcripts and language options: https://1drv.ms/u/s!Ap8mLpFX7uo9g6pA2PQy0eWKaZzIzw?e=sY3lEH
QuickBooks Online 2023
...
https://www.youtube.com/watch?v=zIHwZVgVqpM
COVID Tax Tip
Here’s how tax pros can help clients battle unemployment related identity theft
https://www.irs.gov/newsroom/heres-how-tax-pros-can-help-clients-battle-unemployment-related-identity-theft
https://accountinginstruction.info/
As part of this year's summer campaign Boost Security Immunity: Fight Against Identity Theft, the IRS and its Security Summit partners outlined ways tax pros can help clients victimized by unemployment compensation fraud schemes.
Unemployment compensation fraud was one of the more common identity theft schemes that emerged in 2020 as criminals exploited the COVID-19 pandemic and the resulting economic impact.
Unemployment compensation is taxable, although Congress waived the tax for 2020 for many people. States report compensation to the individual and to the IRS by using the Form 1099-G. Because of fraud and identity theft, many taxpayers received Forms 1099-G for compensation they were not paid. Some taxpayers received forms from multiple states.
This scam could affect 2020 or 2021 tax returns. Here are some steps tax pros should take to help victims of the unemployment compensation fraud scheme:
File Form 14039, Identity Theft Affidavit PDF. This should be done only if an e-filed tax return rejects because the client's Social Security number has already been used. Do not file the IRS Form 14039 to report unemployment compensation fraud to the IRS.
Report fraud to state workforce agencies, and request a corrected Form 1099-G. Each state has its own process for reporting unemployment compensation fraud. The U.S. Department of Labor has created an information page with all state contacts and other information.
File a tax return reporting only the actual income received. State workforce agencies may not be able to issue a corrected Form 1099-G in a timely manner. Even if the client has not received a corrected Form 1099-G, report only wages and income received and exclude any fraudulent claims.
Consider an IRS Identity Protection PIN. Clients receiving Forms 1099-G are identity theft victims whose personal information could be used for additional criminal activities, such as filing fraudulent tax returns. All taxpayers who can verify their identities can now get an Identity Protection PIN to protect their SSN.
Follow Federal Trade Commission recommendations for identity theft victims. Taxpayers should consider steps to protect their credit and other actions outlined by the FTC. The Department of Labor website explains how individuals should report unemployment identity theft
Reply to notices in a timely manner. Tax pros' business clients can also assist in fighting unemployment compensation fraud by responding quickly to state notices about employees filing jobless claims, especially when it has no record of tho
...
https://www.youtube.com/watch?v=Td0kKIh8npo
"Rev up your tax knowledge with our latest YouTube video on the Standard Mileage Rate Tax for 2023-2024! Whether you're a business owner, freelancer, or employee who uses a vehicle for work, understanding the standard mileage rate is essential. Join us as we explore how this rate is determined, its benefits compared to actual expenses, and how to claim it on your tax return. Stay informed and maximize your deductions by watching now! ?? #TaxTips #StandardMileageRate"
...
https://www.youtube.com/watch?v=dTKYwMxJrXg