Income Tax

 Bookkeeper Accused of Stealing $400K

July 2, 2014 

Bookkeeper Accused of Stealing $400K

A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.

 IRS Says that Idle ITINs Expire After 5 Years

July 1, 2014 

IRS Says that Idle ITINs Expire After 5 Years

The Internal Revenue Service announced on Tuesday that Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. The IRS will not begin deactivating ITINs until 2016, however.

Isaac M. O'Bannon

 Should Your Clients Join the Rush to Roth IRAs?

June 27, 2014 

Should Your Clients Join the Rush to Roth IRAs?

Although it’s been almost five years since the floodgates were opened, we’re still seeing a steady stream of conversions to Roth IRAs. As long as Congress doesn’t clamp down on the rules, you can expect for this trend to continue.

Ken Berry, JD

logo_smartvault_2012

June 26, 2014 

Intuit Signs with SmartVault to Provide Document Management for ProSeries and Lacerte

Small business accounting and tax company Intuit has partnered with cloud document storage and sharing firm SmartVault, which will provide integrated cloud-based document management for Intuit's two professional tax systems, Lacerte and ProSeries. The combination of these professional programs is intended to further automate tax preparation workflow, from receiving source files securely from clients to…

Isaac M. O'Bannon