Off to the stockade; for the kids; untrustworthy; and other highlights of recent tax cases. Columbia, South Carolina: Former IRS employee Wayne M. Garvin, 57, has been sentenced to 13 months in prison after admitting to filing false returns and providing fabricated records to the IRS to obstruct an audit
Internal Revenue Service Commissioner Charles Rettig is scheduled to testify on Capitol Hill about recent reports that the IRS subjected two former FBI directors to purportedly random but rare tax audits after they were fired by former President Trump, even as IRS officials pointed Wednesday to possible explanations for the
The IRS and politics — nothing new; AICPA priorities; new blog on the block; and other highlights from our favorite tax bloggers. Capitol punishment Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): When in the past — and under what presidents and going after what targets — has the IRS gotten political? Tax
The Tax Cuts and Jobs Act of 2017 had virtually no effect on reducing compensation of top executives at companies despite promises to the contrary, according to a new study. The study pointed out that one of the many provisions of the wide-ranging tax reform package that was pushed through
The Treasury Department has developed a framework with other federal agencies for engaging with foreign countries on the regulation of digital assets, in response to an executive order from President Biden, even as lawmakers in Congress have proposed their own industry-friendly legislation. The Treasury Secretary, in consultation with heads of
The Internal Revenue Service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion beyond the fifth anniversary of their spouse’s death. Revenue Procedure 2022-32, released Friday by the IRS, provides a simplified method for certain estates
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Thursday, July 14. The MP Elite report, which will be published in the August issue, identifies and profiles approximately a dozen
Angel of fraud; time with the kids; from one cell to another; and other highlights of recent tax cases. Louisville, Kentucky: Attorney Keith Hunter has been convicted for engaging in tax evasion. Hunter evaded federal income taxes, penalties and interest for 2000, 2001, 2002, 2006, 2008 and 2011, a total
Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers. While we’re on the subject Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): A recent poll found the top five reasons for employee burnout — and four “almost describe the way of life in
An ongoing protest I get from colleagues is that they do not have enough time to get everything done. Time management is a personal issue and it is hard to tell someone what they should or should not do. A suggestion to help you better manage your time is to