How to Handle Cash Intensive Businesses
The purpose of this article is to explore the methods for analyzing cash-based businesses. We will explore techniques for uncovering unreported income. I will take you into the new digital world for…
The purpose of this article is to explore the methods for analyzing cash-based businesses. We will explore techniques for uncovering unreported income. I will take you into the new digital world for…
On the heels of catastrophic flooding in Oklahoma and Texas and the official start of hurricane season, the IRS issued a tax tip reminding taxpayers and preparers that there are multiple ways the…
When Reid Hoffman and a team of former executives from PayPal and SocialNet.Com launched LinkedIn in the spring of 2003, it was as a resume-sharing site. From this humble beginning, it quickly…
Read more about Promoting Your Tax Preparation Business Using LinkedIn
Today the IRS confirmed that Get Transcript - an application allowing taxpayers to review "line-by-line tax return information or wage and income reported to [the IRS]" - was illegally accessed…
Since the DC Court of Appeals upheld the district court ruling in Loving v. IRS – which determined that the IRS does not have the authority to require certification exams of tax preparers – the IRS…
According to Revenue Ruling 2015-13, April 18 will be the filing deadline for most of the country in 2016. Since Emancipation Day – a legal holiday in D.C. – falls on a Saturday, it will be observed…
Web sites for the typical tax and accounting firm tend to be whatever was thrown online as the firm was established or a site that has been expanded with content and information – perhaps for years. …
It's an annual ritual for tax and accounting firms after the end of one tax season and before training begins for the next: replacing obsolete hardware and software, investing in new technologies, and…
Read more about Upgrading Hardware and Software for Tax Season
For many tax preparers and CPAs, the post-tax season vacation is a family ritual. Plans and reservations are made far in advance, and may involve a return to a familiar destination – from the…
The Treasury Inspector General for Tax Administration identified $5.6 billion in credits from 2012 that were wrongly issued to taxpayers who failed to file Form 1098-T, attended schools that weren't…
Read more about TIGTA Takes IRS to School: Education Credits Wrongly Issued