February 26, 2014
Fudge a few numbers on a tax return? It's illegal and could set a taxpayer up for some serious fines and penalties but ... 14 percent of Americans say it's not a big deal. Yet at the same time, a vast majority think tax preparer standards of competency are highly important.
February 25, 2014
The Internal Revenue Service has released its Criminal Investigation (CI) Annual Report for fiscal year 2013, reflecting significant increases in enforcement actions against tax criminals and a robust rise in convictions, including identity theft.
February 24, 2014
According to a new federal court of appeals case, the IRS doesn’t have the authority to regulate tax return preparers who routinely file returns on behalf of taxpayers.
February 19, 2014
The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud.
February 13, 2014
Between Fiscal Year (FY) 2009 and FY 2013, the IRS has averaged approximately 3,500 criminal referrals a year, a staggering 38.4% increase from the years in which George W. Bush inhabited the White House.
February 13, 2014
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
February 13, 2014
The Internal Revenue Service is reminding taxpayers that phone calls to the agency's support center usually start to dramatically increase following the President's Day holiday, which is this weekend. There are other options for taxpayers who have questions, of course, starting with using a tax professional such as a CPA or Enrolled Agent.
February 9, 2014
There’s so much nifty tax preparation software out there these days. Don’t you just love the software that allows us to import W-2 data, stock sales data, QuickBooks data, etc.? With all those tools, we barely even have to look at our clients’ documents. But we should!
February 9, 2014
A new report by the Treasury Inspector General (TIGTA) on the Patient Protection and Affordable Care Act (the PPACA) – the 2010 federal legislation also known as “Obamacare” – focuses on the “customer service” strategy promised by the IRS.
February 9, 2014
Citing the need to boost employee morale, the Internal Revenue Service's new commissioner said Monday that he will pay out millions of dollars in bonuses to agency employees, reversing a decision his predecessor made to save money amid the sequester budget cuts and other belt-tightening last year.
February 7, 2014
One of the top-searched questions between mid-February and April 15 each year is, "When can I expect my income tax refund?" Well, the answer depends on a couple of things, but the good news is that there are a number of tools to help find out.
February 4, 2014
IRS2Go 4.0, the latest version of the Internal Revenue Service's mobile app, was released today. The version includes new features that are available in Spanish and English.