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The Internal Revenue Service issued a reminder Friday to taxpayers that they need to report any income they get from virtual currency transactions on their tax returns. The move comes after the IRS forced one of the largest cryptocurrency exchanges in the world, Coinbase, to send information on 13,000 of its users to the IRS […]
Hopefully you’ve paid off all your holiday shopping charges by now. Wasn’t it amazing how much you spent with Amazon? All the charges are legitimate, but you don’t remember spending so much time shopping there, right? That’s the point. It’s just so easy to do business with Amazon that you’ll continue shopping there even if […]
SAP Concur has released Budget, a tool to make budget data visible, real-time, and actionable. Budget works by taking data from SAP Concur solutions, including Expense, Invoice, Purchase Request and Travel Request, to create a dashboard for spend before and after it occurs. The dashboard is designed to let managers see spending events unfold in […]
The American Institute of CPAs has released a set of questions and answers on the topic of payroll compliance for multiemployer plans, along with some new QAs about familiarity threats for senior personnel who have been on an engagement team for a long period of time. On the matter of payroll audits, the AICPA issued […]
Stopped for Speedy; hitting the Breaks; Interior motive; and other highlights of recent tax cases. Phenix City, Ala.: Resident William Anthony Gosha III, a.k.a. “Boo Boo,” has been sentenced to 30 years in prison for his role in masterminding multiple stolen ID refund frauds. Gosha was convicted in November of one count of conspiracy, 22 […]
For years, tax humor connoisseur Robert McKenzie, a partner at Chicago law firm Saul Ewing Arnstein Lehr, has been amassing a vast collection of jokes, gags, anecdotes, quips and bon mots about taxes — and the accountants, lawyers and tax preparers who deal with them every day. To help lighten your busy tax season, here’s […]
Tax prep giant HR Block, citing how cybercrooks root through trash and recycling bins to hunt for personal information on discarded papers, plans free shredding events on Saturday, March 24. The events will run from 9 a.m. to 12 p.m. at 400 offices nationwide, weather permitting. That morning, Block will also enter the final days […]
Do you suffer from IRS Audit Complacency Disease? Typically, taxpayers contract this affliction after the IRS has finished their continuous audit, packed up their belongings, and left the building. That false sense of relief is buttressed by the recognition that in the past few years, the IRS’s resources have been dramatically undermined because Congress has […]
Big Four firm KPMG announced on Wednesday the 2018-2019 class for its Master of Accounting with Data and Analytics Program. Originally created via a partnership with the Ohio State University’s Max M. Fisher College of Business and the Villanova School of Business back in 2016, the master’s program looks to “develop accountants in the data […]
More rush regulation; figuring reasonable compensation; software versus you; and other highlights from our favorite tax bloggers. Semi-reformal Liberty Tax (https://www.libertytax.com/tax-lounge/): What to remind them about withholdings in the new dawn of the Tax Cuts and Jobs Act. Summing It Up (http://blog.freedmaxick.com/summing-it-up): If some of your biz clients are real property owners, changes to cost […]
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