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The ever-changing landscape of giving advice has never been so dicey as this year. Perhaps the economic global growth environment we enjoyed in the past decade lulled us all into a sense of complacency. What could go so wrong that we’d be struggling to survive so early into the new decade? It’s against this challenging […]
The American Institute of CPAs has named Richard Caturano and Paul Stahlin as the 2020 recipients of its AICPA Gold Medal Award of Distinction. The highest honor granted by the AICPA, the Gold Medal Award, since its inception in 1944, has recognized CPAs who have notable influence on the accounting profession. Jack Finning, chair of […]
The Internal Revenue Service is reversing course on the automatic revocation notices that it sent to more than 30,000 tax-exempt organizations, including over 28,000 charities, after an outcry from a group of lawmakers on the tax-writing House Ways and Means Committee. The agency issued a statement Thursday saying that it would review the cases and […]
The leaders of Congress’s main tax-writing committee are wondering if the Internal Revenue Service will be ready to handle next tax season as it’s still processing millions of pieces of correspondence that went unopened for months during the COVID-19 pandemic. House Ways and Means Committee chairman Richard Neal, D-Massachusetts, and Oversight Subcommittee chairman Bill Pascrell, […]
There’s an African proverb that I’ve learned to live by in both my personal and professional lives: “If you want to go fast, go alone. If you want to go far, go together.” Most firm owners know that feeling of isolation. We put our heads down and dig into the work — rarely taking the […]
The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic. While the IRS continued to issue most of its notices, the 500 series was temporarily suspended because of a backlog of mail […]
Grant Thornton has prevailed in an appeal by a former tax client who had sued the firm for fraud, negligence, breach of contract and breach of fiduciary duty after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars, and then allegedly tried to cover […]
A comprehensive examination across many sectors reveals institutional barriers and outright racist abuse. How do we end the cycle? Arizent’s new documentary podcast features more than two dozen professionals. In this trailer episode, you’ll hear from the following guests in order of appearance: Tai Christensen, director of government affairs of the CBC Mortgage Agency Tyrone […]
Jackson Hewitt Tax Service announced plans to hire 22,000 employees at nearly 6,000 locations for next season. The tax prep giant and its franchisees will be hiring for varied positions, including temporary and seasonal positions in tax prep, client support and similar roles. The company will participate in two National Hiring Weeks beginning on Oct. […]
Gone Pro’s; various ways to fraud; oxymoron; and other highlights of recent tax cases. Trenton, New Jersey: Angelo Thompson, 39, of Reisterstown, Maryland, a former employee of Tax Pro’s and Tax Solutions Associates, has been sentenced to 27 months in prison for conspiring to defraud the U.S. by filing false income tax returns. Thompson previously […]
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