IRS Following You on Facebook?
This tax filing season the Internal Revenue Service may be monitoring social media for any clues of tax cheats.…
Information Reporting Advisory Council
The IRPAC presents an annual report to the IRS Commissioner at a public meeting in the fall. The 2014 IRPAC committee will consist of 21 volunteers. Members are appointed to three-year terms by the Commissioner, but terms are ...…
The 10 Habits Of Highly Profitable Tax Preparers
Some tax preparers glean more profit per client than others. It’s not just a matter of location or types of clients, though these may be important to the growth and future of the firm. Often, it is a matter of doing the right things at the right time ...…
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Tax Changes for Wealthy
The proposal intends to reduce the deficit by nearly $2 trillion during the next decade, through a combination of new revenues and budget cuts. The president says his proposed budget is not his ideal plan to cut the deficit, but...…
Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
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Clamp Down on Identity Theft
According to the Obama Administration, the new steps will include increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.…
Audits Drop, But Not For The Rich
US taxpayers were slightly less likely to face an audit last year, according to an analysis issued by the Transactional Records Access Clearing House (TRAC) at Syracuse University.…
Tax Returns Yield Fewer Mistakes
Analysis by the Internal Revenue Service indicates that the error rate for individual tax returns has been cut by more than half. Last year, the IRS identified ...…
Importance of Protecting Taxpayer Data
IRS Reiterates Importance of Protecting Taxpayer DataAccording to an email the IRS sent to taxpayers , protecting taxpayer data should be a top priority for tax professionals. The IRS states there are…
Can the IRS Handle Online Filing Traffic?
When taxes fall due on April 15, there is a very real question about how well the Internal Revenue Services – and more to the point, its servers – will be able to handle the traffic.…
