Taxes July 15, 2026
Make the IRS an Offer It Can’t Refuse
The IRS won’t agree to an offer-in-compromise unless the amount offered is equal to or greater than the reasonable collection potential.
May 28, 2015
Despite Recent Breach, Report Says IRS Getting Better At Detecting and Preventing Tax ID Theft
The extent of the IRS’s ability to stem this problem is still limited because it does not have access to third-party income and withholding information until well after tax return filing begins.
May 27, 2015
How Tax Professionals Can Avoid Getting Involved with Tax Frauds
A whopping 11 percent of Americans believe that it is okay to cheat on their taxes, according to the most recent IRS Oversight Board Survey of Taxpayer Attitudes. Unfortunately, successful fraud for many individuals will require either lying to their ...
May 27, 2015
What Taxpayers Should Do If Their Info Was Exposed On IRS Website
Taxpayers whose accounts were compromised will be notified by the Internal Revenue Service. Individuals who believe their identities have been compromised in this, or any other attempt, should review the IRS “Taxpayer Guide to Identity Theft,” which ...
May 27, 2015
IRS Data Breach Sets Off Alarms, FBI to Investigate
A serious security breach at the IRS has the agency scrambling to beef up its ID theft efforts while the public and lawmakers stew. The IRS announced on May 26 that hackers had gained access to the personal information of more than 100,000 American househ
May 19, 2015
CPAs Tell IRS to Improve Service, Provide Permanent Disaster Tax Relief and Preserve Cash Accounting Method
Concerned about the impact of IRS service reductions on taxpayers and tax practitioners, the AICPA Council on May 17 adopted a resolution urging policy makers to create a bi-partisan forum to “make recommendations that enable the IRS to achieve its ...
May 12, 2015
Is Your Firm Using Electronic Signatures?
So you think you’re a progressive firm, right? You’re committed to going digital and eliminating, or at least minimizing, paper. Your engagement letters are all electronic and are emailed to clients and prospects for signature.
May 6, 2015
In Past Decade, 1,580 IRS Employees Fired or Punished for Not Paying Taxes
TIGTA found that, over a 10-year period (Oct. 1, 2003 through Sept. 30, 2013), 1,580 IRS employees were found to be willfully tax noncompliant.
May 5, 2015
IRS Watchdog Says Improvements Needed on ACA Processes
The new Patient-Centered Outcomes Research (PCOR) fee is used to offset the costs of the PCOR Institute, which funds research that will provide information to assist patients and their healthcare providers make more informed health care decisions.
May 1, 2015
Report Says IRS Has Gotten Better at Processing Political Tax-Exemption Applications
The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
April 24, 2015
Business Tax Reform is Urgent, AICPA Tells Congress
The American Institute of CPAs (AICPA) has sent written testimony to Congress saying the need for small business tax reform is urgent.
April 22, 2015
AICPA Urges IRS to Increase Safe Harbor Threshold
AICPA says the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement (AFS) be increased from $500 to $2,500.
April 17, 2015
IRS Takes Average of 278 Days to Resolve Identity Theft Cases, and That’s an Improvement Over 2013
Victims of identity theft continue to experience delays and errors in receiving refunds, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA).