1040 Tax Plus Services

The tax implications of cryptocurrency have become increasingly important as the Internal Revenue Service and other government agencies step up their scrutiny of transactions involving bitcoin or other forms of virtual currency. Despite the fact that the IRS said everything it planned to say about the tax aspects of cryptocurrency nearly four years ago, in […]

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Ken Crutchfield, vice president and general manager of Bloomberg Tax Technology, discusses the changes in the leasing standard that accountants and their clients need to prepare for this year.

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With every calendar year comes an uptick in client communication. With this increased face-time (be it in-person or virtual) comes an opportunity to check in with our clients, alleviate any of their concerns and demonstrate true value. Every year, Xero recognizes the accounting partners that have demonstrated excellence in different areas at the Xero Awards. […]

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President Donald Trump on Thursday fired off more criticism at Amazon.com Inc., saying his problems with the internet retailer predate his election a day after a report that he’s “obsessed” with regulating the company. “I have stated my concerns with Amazon long before the Election,” Trump tweeted. “Unlike others, they pay little or no taxes […]

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During fiscal 2017 the IRS audited almost 934,000 individual income tax returns during the fiscal year, the lowest number of audits since 2003, according to the recently released 2017 IRS Data Book. The chance of being audited fell to 0.6 percent – the lowest coverage rate since 2002. The Data Book describes IRS activities from […]

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In a PowerPoint presentation to manufacturing industry controllers and CFOs on April 1, CPA Janet Trelite wowed the audience with a slide deck featuring 64 information-packed slides. The hour-long talk on the new leasing standards was fourth in a lineup of technical experts on tax, revenue and, of course, blockchain. In preparation for the event, […]

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Thomson Reuters and Salesforce have integrated their software to help a broader base of clients get access to Thomson Reuters’ World-Check, a database of risk intelligence data collected to help companies meet their due-diligence obligations. Now, Salesforce users can access the database on the Salesforce AppExchange through the Thomson Reuters Customer Risk Screener Application. The […]

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The American Institute of CPAs has appointed Robert “Bob” Dohrer as chief auditor at the AICPA, succeeding Charles “Chuck” Landes, CPA, the AICPA’s vice president of professional standards – public accounting, who plans to retire early next year. Dohrer currently works in London for the RSM International network of audit, tax and consulting firms as […]

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From the oven to the money market; 38 phony checks in a day; software firm scheme crashes; and other highlights of recent tax cases. Oxford, N.Y.: Preparer Lavyette Anna Louisa Garcia, 41, has pled guilty to making a false claim against the U.S. and to assisting in the preparation of a false return. Garcia admitted […]

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