Jim Buttonow Archives - CPA Practice Advisor

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Jim Buttonow

CPA; CoFounder and VP New River Innovation

Phone: (336) 542-5705

Jim Buttonow, CPA, CITP—Jim is Vice President of Product Development and Cofounder of the tax technology company New River Innovation. Jim's professional mission is to apply emerging technology to problems faced by tax professionals after they file. Jim is a CPA and former IRS Large Case Team Audit Coordinator. He worked at the IRS for 19 years. Since leaving the IRS, Jim has represented many clients before the IRS. At New River Innovation, Jim is the chief architect of Beyond415 (Beyond415.com), an award-winning technology for tax practitioners to efficiently handle IRS issues, notices and audits. Through Beyond415, Jim also develops and presents CPE series on IRS practice and procedure for issues that arise after filing, such as audits, notices and discrepancies. Jim regularly speaks on compliance trends and post-filing practice efficiency strategies for CPA and accounting firms. Jim’s articles and blog posts have appeared in TheWall Street Journal, CPA Practice Advisor, Journal of Accountancy, Accounting Today, and various state CPA society magazines.

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Human Resources & Payroll

This Valentine’s Day, Should You Check With The IRS Before You Say “I do”?

At the risk of being criticized as unromantic (a label often used for us male CPAs), I want to offer one tip for those about to say “I do” this Valentine’s Day

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Human Resources & Payroll

5 Tax Tips on March Madness Betting

5 NCAA Betting Tips from CPA and 19-year IRS veteran, Jim Buttonow

Accounting & Audit

Four steps to bill more for practice and procedure work

Like most practitioners, I had trouble successfully billing for post-filing work. The reasons are complicated. It’s often an issue of back-and-forth time with clients or the IRS/state taxing authorities.

1099 & W-2

It's here: Form 1099-K business income matching

Know what to do when your clients receive one of the IRS’ four new business income underreporting letters

Firm Management

IRS identity verification requests present a new client opportunity

In recent years, the IRS has stressed its commitment to protecting taxpayers from tax-related identity theft. As part of this commitment, the IRS enhanced the Electronic Fraud Detection System (EFDS).

Product & Service Guide

IRS Alert: IRS retiring two e-Services incentive products on Aug. 11

The IRS announced today that it plans to retire two major e-Services incentive products used by CPAs, attorneys and enrolled agents to file authorizations and resolve IRS account problems.

What to do if your client received an erroneous CP2000 notice in July

The IRS miscalculated interest on proposed taxes and will send more notices

Advisory

IRS to cancel two e-Services products used by many tax professionals

IRS canceling Disclosure Authorization of Form 2848 and Electronic Account Resolution (EAR). Tax practitioners react strongly, petition the IRS to reverse course on e-Services scale back

Product & Service Guide

How to obtain penalty relief for clients affected by delayed IRS forms

Because of last-minute tax changes this year, 31 IRS forms needed for filing were delayed. Some taxpayers who had to wait for these delayed forms may file an extension.

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Accounting & Audit

IRS expands eligibility for worker reclassification program

The IRS has announced a revision to its voluntary classification settlement program (VCSP) that provides partial relief from federal employment taxes for eligible taxpayers who agree to prospectively treat workers as employees.

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Product & Service Guide

Eight Small Business IRS Audit Areas to Watch Through 2013

The IRS has announced emerging or significant areas that it will prioritize for the coming year. When it comes to compliance, the IRS has increasingly focused on small business underreporting, which is responsible for 84% of the $450 billion tax gap.

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Product & Service Guide

From Reactive to Proactive: Stay Ahead of IRS Compliance Initiatives

A recent study showed that the average firm spends 66 days a year addressing client IRS issues. Even for the simplest post-filing notices, it takes firms a total of almost 35 days a year – an average of more than three hours per notice – to research, understand, respond and follow up.

Product & Service Guide

IRS announces a multi-year effort to increase audits in flow-through entities

As tax season approaches, practitioners can expect the IRS to quickly expand its audit focus to flow-through entities, according to an IRS official.

IRS Alerts Tax Preparers to EITC Filing Errors

Practitioners are receiving letters now, penalties later.

Supreme Court Health Care Ruling and the IRS?

IRS Inside Blog: Ruling leaves questions on the IRS' role in implementing the individual mandate "tax"

IRS Audit Compliance Initiative Projects for 2012 (Part 1)

The IRS regularly conducts national, regional, and local compliance initiative projects (CIPs) to study perceived areas of noncompliance.