The Internal Revenue Service did not meet a requirement under the Taxpayer First Act to create an online system for processing electronic business transcript requests by January 2023, according to a new report. The report, released Monday by the Treasury Inspector General for Tax Administration, evaluated the IRS’s efforts to
E-help with CP notices; low-cost compliance; still learning from Eisenhower; and other highlights from our favorite tax bloggers. Everything everywhere Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): You Like Me! You Really Like Me! Dept.: The big Oscar winner this year actually involves a tax audit. Sovos (https://sovos.com/blog/?region=united-states): Nobody wants any kind
March 14 is Equal Pay Day, symbolizing how far into the year women must work to earn what men made in the previous year. Or seen a different way, when compared to men’s wages, women virtually work for free between January 1 and March 14 each year. The date is
Machine learning algorithms are nothing new to QuickBooks, which has been leveraging them more and more over the last few years as part of its drive toward greater automation. However Michael Hitchcock, director of product management of accounting and tax at Intuit’s QuickBooks, thinks they can do so much more.
Ernst & Young is pausing its plans to spin off the consulting side of the global network as a separate publicly traded company as it works to appease warring partner factions. EY US chair and managing partner Julie Boland reportedly told her fellow partners during a call Wednesday that the
Over-dependency; from one cell to another; the wrong kind of thinking green; and other highlights of recent tax cases. Boise, Idaho: Tax preparer Andres Sanchez, 33, has been found guilty of willfully aiding and assisting in the preparation and filing of six fraudulent returns for clients. The jury, which was
The Public Company Accounting Oversight Board issued an advisory Wednesday warning investors to exercise caution when it comes to the so-called “proof of reserve” reports that some cryptocurrency companies have been touting. The warning comes after a number of auditing firms have already stopped providing this limited form of assurance
Praxity Global Alliance, an association of independent accounting, tax and advisory firms, reported record revenues for 2022 of $8.77 billion Monday, an 11.7% increase over 2021 at constant exchange rates. The total represents the combined incomes of Praxity’s member firms in more than 120 countries. The alliance reported that its
The Internal Revenue Service is cautioning taxpayers to beware of a new scam involving the Form W-2, in which fraudsters are urging people to use wage information on a tax return to claim false credits so they can score a big tax refund. One scheme that’s been circulating on social
CohnReznick, a Top 25 Firm based in New York, has expanded in Florida by adding Daszkal Bolton, a Regional Leader headquartered in Boca Raton, effective March 1. The merger represents the latest M&A deal for CohnReznick in Florida and other parts of the country. The firm now has approximately 350
