Advice

Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers. School for scandal Boyum Barenscheer (https://myboyum.com/blog/): In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all
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Low-income and minority taxpayers were more likely to use expensive tax preparation offerings like refund advances and refund transfers, according to a report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time. Andrew Harrer/Bloomberg The GAO report, and recent disclosures about a provision
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Higher education; tough stains; don’t Betta on it; and other highlights of recent tax cases. Jersey City, N.J.: Preparer Cesar Cruz, 76, has been sentenced to a year and a day in prison for preparing false returns for clients. Cruz, who previously pleaded guilty, was also sentenced to a year of supervised release and ordered
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The National Treasury Employees Union, which represents employees at the Internal Revenue Service, is warning Congress against the impact of proposed budget cuts on the agency’s ability to deal with taxpayers. The administration’s proposed 2020 budget would cut funding for taxpayer services by nearly $90 million below the current level, even though it would likely
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Customer service and bothersome clients; SALT works-in-progress; time needed for Trump’s returns; and other highlights from our favorite tax bloggers. Tips and tricks Liberty Tax (http://www.libertytax.com/tax-lounge): The IRS estimates that almost a third of Americans file in the first two weeks of April (most of them in your office…). Five pointers for filing near the
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It’s tax time for everyone, but for entrepreneurs in the rapidly growing cannabis business, it’s a particular challenge. That’s because they are confronted with the issue of filing taxes for a federally illegal market, even though it’s perfectly legal in the state in which they do business. Section 280E of the Internal Revenue Code prohibits
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