Former IRS revenue agent & enrolled agent facing 10 year sentence for not understanding QuickBooks!
Recently I was requested to appear as an expert witness on behalf of a former IRS revenue agent and a practicing enrolled agent, who was charged by the Internal Revenue Service for willfully intending to evade paying $160,000 in income taxes. This tax practitioner did not know that his postings of cash receipts in QuickBooks were not being reflected on his cash basis income statements, which he used to prepare his Schedule C.
For more on the importance of understanding how to use QuickBooks so that you, too, do not spend your remaining years in prison, please see the article, "Enrolled agent faces a ten year prison term for failing to understand QuickBooks. QuickBooks users beware: never enter your customer payments prior to recording an invoice or statement charge!"
The Barefoot Accountant—is a Certified Public Accountant, Certified QuickBooks ProAdvisor, operating an accounting, tax, and QuickBooks consulting firm in Berlin, Connecticut, Accountants CPA Hartford, Connecticut, LLC. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. Bill is a crazed animal lover, feeding birds, squirrels, chipmunks, skunks, possums, stray cats, and any two-legged or four-legged critter traversing through his yard. His backyard in Berlin, Connecticut has been certified as a habitat suitable for wildlife by the National Wildlife Federation.
Bill also writes an Accounting, QuickBooks, and Tax blog: Accounting, QuickBooks, and Taxes by the Barefoot Accountant. For entertaining articles, please see his listing at The Amazing Brighenti.