December 10, 2013
Report Says IRS Should Do More to Reduce EIN Fraud
Report says the IRS needs to do more to prevent fraud committed using stolen EINs.
December 3, 2013
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.
December 1, 2013
Taxes and Politics: IRS Proposes New Rules for Some Tax Exempt Organizations
This proposed guidance defines the term “candidate-related political activity,” and if accepted, would amend current regulations by indicating that the promotion of social welfare does not include this type of activity.
November 21, 2013
IRS Needs to Take Action Against Cyber Threats to Better Protect Taxpayer Data
The Treasury Department agency tasked with overseeing the Internal Revenue Service has issued a report saying that the nation's taxing authority needs to do a better job of tracking its efforts to eliminate identified flaws in the security of systems involving taxpayer data.
November 20, 2013
2014 Tax Tips – Overview of Changes to Credits and Deductions
Must know tax advice for 2013
November 19, 2013
AICPA Urges IRS to Plan for Next Possible Shutdown
The American Institute of CPAs (AICPA) sent a letter to the Internal Revenue Service (IRS) and Department of the Treasury on Nov. 18 urging that the IRS, as soon as possible, announce the contingency plan that would be in effect in the event of a government shutdown on Jan. 16.
November 19, 2013
Report: IRS Needs To Improve Use of Return on Investment Data
The Internal Revenue Service (IRS) needs to improve its use of return on investment (ROI) data in managing tax enforcement resources, according to a report publicly released today by the Treasury Inspector General for Tax Administration.
November 18, 2013
Congressman Files Bill to Repeal Federal Income Tax
One of Oklahoma's Representatives in the U.S. Congress, Jim Bridenstine, has filed legislation that could lead to repeal of the 16th Amendment to the U.S. Constitution -- the amendment enabling the current federal income tax.
November 14, 2013
IRS Eyes American Bank Accounts in Caribbean
IRS targets US taxpayers with offshore bank accounts in the Caribbean
November 11, 2013
IRS Warns Taxpayers About Scam
A sophisticated phone scam is sweeping the country, using fear of the Internal Revenue Service to target recent immigrants and others, IRS officials warn.
October 30, 2013
Report Recommends IRS Improve Paper Audit Automation
The IRS designed its Correspondence Imaging System (CIS) to automate the scanning of taxpayer correspondence. The Image Control Team units in IRS submission processing sites scanned more than 8.1 million pieces of paper correspondence into the CIS during Fiscal Year 2012.
October 30, 2013
Thomson Reuters Offers Updated Report on Tax Changes in U.S. Healthcare Reform
Thomson Reuters Checkpoint has released an updated special report, Tax Changes in Health Care Reform Legislation, which is designed to help tax practitioners understand the tax provisions of health care reform that take effect now through 2018.