Up in Michigan; no touching; gone Pro; and other highlights of recent tax cases. Biloxi, Mississippi: Tax preparer Gena Michelle Hall, 37, has been sentenced to 30 months in prison for making a materially false statement on a return. Hall worked at the tax prep business Tax Pros, and between
The Institute of Internal Auditors released for public comment Wednesday a draft of the proposed changes it wants to make to its International Professional Practices Framework, especially its International Standards for the Professional Practice of Internal Auditing. The 90-day public comment period opened Wednesday and runs through May 30. The
Transforming Free File; what partner agreements omit; excuses, excuses; and other highlights from our favorite tax bloggers. By the numbers Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): The IRS has been given millions to transform Free File from a partnership with private sector software into a system under the agency’s control. And
The Internal Revenue Service is giving taxpayers more time to file tax refund claims for tax returns they filed earlier in the pandemic. In Notice 2023-21, the IRS said Monday it’s lengthening the lookback period for refund claims for returns with due dates that were postponed by two earlier notices
The Internal Revenue Service has extended the tax deadline for disaster area taxpayers in most of California, and parts of Alabama and Georgia as well, until Oct. 16. The IRS announced the extension Friday as Southern California braces for blizzards, including in the mountains outside Los Angeles, for the first
Better phone service from the Internal Revenue Service, overly aggressive third-party-induced Employee Retention Credit claims, a talent shortage, and the sheer amount of updated tax knowledge necessary for preparers are among the big factors of this year’s filing season for tax preparers. Although busy season is still in its early
The Institute of Internal Auditors will soon be unveiling extensive changes in its standards, including a name change. In an email Thursday, the IIA said it would be making the proposed new standards available for review and public comment from March 1 through May 30, starting with English, with translations
At a recent conference on accounting firm growth, several of my co-panelists described the process they used to enter a new market or launch a new service. One detailed a successful rollout in the litigation support area. Another spoke about taking a local tech-related offering national. Though their presentations were
Accountants feel confident they are at least keeping pace with increasing technological demands, or are even ahead of the curve. This was one of the findings of a recent survey of over 4,000 accountants by auditing technology provider Caseware, which also found that 41.35% described their firms as average when
Short answers; corralling crypto; new blog in town; and other highlights from our favorite tax bloggers. Getting phygital TaxMama (http://taxmama.com): Last week, the IRS — as part of its effort to put its windfall to good use — announced that people who e-file amended returns can now receive refunds via
