Taxpayers’ eagerness to use free software provided by the Internal Revenue Service to file their taxes may be exaggerated because of the way a survey was designed, according to a new report. The report, released Wednesday by the Treasury Inspector General for Tax Administration, assessed the prospects for a free
Eric Meisner Eric Meisner has joined Sax LLP, Parsippany, as a partner and head of Sax’s fractional finance practice. He previously served in roles at Deloitte, Viacom and AT&T, and as controller of a fractional airline startup, CFO for a technology-driven media company, and as a fractional CFO for multiple entities.
The Internal Revenue Service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high. The application and renewal fee will be reduced to $11, plus an extra $8.75 for payment to a third-party contractor, the IRS said in interim
The Bonadio Group, a Top 50 Firm based in Pittsford, New York, is expanding its presence in Texas by adding Howard LLP, a firm based in Dallas, effective Nov. 1. The deal will create a combined firm with over 1,000 employees and $180 million in revenue, or nearly $200 million
The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill over the weekend that will avoid a federal government shutdown, at least until mid-November. Last week the Treasury Department had released a contingency plan for the Internal Revenue
OK, I admit it. I’m pretty sloppy. On top of that, I’m most definitely a hoarder. That didn’t bode well when I recently downsized from a roomy house to a considerably less roomy apartment. I’ve been working from home on and off for decades. And my office in the house
International music star Shakira faces tax evasion charges for a second time in Spain, according to news reports, after the “Queen of Latin music” allegedly failed to pay 6.7 million euros ($7.1 million) in taxes on her 2018 income. The Colombian singer allegedly used an offshore company to dodge the taxes,
No Relief; fakin’ it; consider it reconciled; and other highlights of recent tax cases. Atlanta: Tax shelter fraudsters Jack Fisher and James Sinnott have been convicted of conspiracy to defraud the United States, conspiracy to commit wire fraud, aiding and assisting the filing of false returns, and subscribing to false
The Securities and Exchange Commission appointed George Botic, a CPA who has served as director of the Public Company Accounting Oversight Board’s Division of Registration and Inspections, to a term as a board member, succeeding the longest-serving member, Duane DesParte, whose second term ends Oct. 24. The move will complete
Property-tax map; zero due meaning; partners’ pay differences; and other highlights from our favorite tax bloggers. Conflicting ideas Procedurally Taxing (https://www.taxnotes.com/procedurally-taxing): Favorite headline of the week: “Tax Court Sinks Depreciation Deduction for Yacht.” Tax Vox (https://www.taxpolicycenter.org/taxvox): “Congressional commissions generally serve one of two purposes. They either 1) provide political cover