June 10, 2015
The fiscal year 2016 Financial Services and General Government Appropriations bill, which provides funding for the Treasury Department, the Judiciary, the Small Business Administration, the Securities and Exchange Commission, and several other agencies.
June 5, 2015
As if getting audited wasn’t bad enough, now the IRS has added a new twist: the short timeframe audit. With these types of audits, it is possible that an audit case could be closed by the IRS before your client has a chance to show you the letter. This ar
June 5, 2015
The American Institute of CPAs is urging the House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law to approve H.R. 2315, the Mobile Workforce State Income Tax Simplification Act of 2015.
Firm Management May 31, 2015
From May 2015 - They are chronically difficult to deal with, either by asking you to help them cheat on taxes, or by presenting behaviors that are disruptive to the firm and to its staff.
May 28, 2015
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
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
As the debate goes on about how to curb the increasing incidence of taxpayer identity theft in the U.S., members of BKR International discussed their experiences during the recent tax filing season, as well as ways to mitigate future risk and help clients
May 27, 2015
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
Thomson Reuters has added new content to Checkpoint Catalyst that includes content covering IRC § 1031 to assist tax practitioners in implementing like-kind exchanges to secure tax deferral benefits for their clients.
May 27, 2015
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
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 19, 2015
Some of your clients may have built up a sizeable account over the years but haven’t kept detailed records or don’t know how to compute the tax liability. Here’s some key information you can pass along.