The Internal Revenue Service limited taxpayers’ ability to resolve their tax cases directly with the IRS’s Independent Office of Appeals in a memorandum Monday.
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August 25, 2020
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IRS revamps procedures for litigating taxpayer disputes, curbing appeals
By Michael Cohn      3 min read
The Internal Revenue Service limited taxpayers’ ability to resolve their tax cases directly with the IRS’s Independent Office of Appeals in a memorandum Monday.
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The rise of cybercrime in the accounting profession continues
By Gary Salman      4 min read
The pandemic amplifies cybersecurity concerns for CPAs.
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IRS rolling back penalties on some employers who didn’t deposit enough taxes
By Michael Cohn      3 min read
The Internal Revenue Service plans to correct penalties mistakenly levied on employers who reduced their tax deposits because they expected to claim some of the new tax credits to which they’re entitled.
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Auditing beyond the financials
By Daniel Hood
The profession's skillset can be applied to much more than just financial statements, according to Julie Bell Lindsay of the Center for Audit Quality.
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Tech News: Wolters Kluwer adds CCH tool for PCR firms
By Ranica Arrowsmith
Intapp offers total integration solution for firm tech, and Sesh Corp receives $1.6M to develop emotional intelligence reader for video.
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Art of Accounting: Retreats for one- or two-owner practices
By Edward Mendlowitz      5 min read
I am a strong proponent of partner retreats and offsite meetings.
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IRS 2020 draft 1040 puts crypto question front and center
By Ranica Arrowsmith      1 min read
Taxation and regulation are steps toward further legitimizing cryptocurrency.
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Embark expands despite pandemic
By Michael Cohn      4 min read
The Dallas-based advisory and consulting firm has expanded to Phoenix and Salt Lake City this year.
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Deadline nears to return IRA RMDs
By Jeff Stimpson      1 min read
The IRS is reminding taxpayers about the CARES Act’s waiver of required minimum distributions for 2020.
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Trump fight over delay of subpoena for taxes set for Sept. 1
By Erik Larson      2 min read
A federal appeals court set a hearing for Sept. 1 to consider President Donald Trump’s emergency request to put on hold a judge’s ruling that cleared the way for the Manhattan District Attorney to enforce a subpoena for his tax returns and other financial records.
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