They're making a list
Among the interesting news stories this week is information about the IRS's ongoing plan to randomly check up on tax return preparers. The IRS has indicated it intends to focus on tax preparers who have a practice that includes the preparation of a large number of individual tax returns that contain Schedules A, C, and F. A letter from the IRS has been mailed to 21,000 tax preparers. The point of the letter seems to be to remind tax preparers that they should take their jobs seriously and not mess up their clients' returns. If you receive one of these letters, you have a one in ten chance of being singled out for an in-person visit from your friendly IRS representative.
Sometime between now and April 15, 2012, 2,100 of the IRS letter recipients will get to chat with an IRS revenue agent who will be on the lookout for tax preparers who failed to perform certain due diligence tasks, like signing returns, giving clients a copy of their return, keeping taxpayer information secure, offering lollipops to the kids, refusing to claim pets as dependents – you know the routine. Please let us know if you are a recipient of such a visit and would like to share your experience with the AccountingWEB audience.
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.