The IRS is Wrong 46 Percent of the Time!

Who would have thought anyone would actually confirm what the CPA profession has known for a long time ... that the Internal Revenue Service actually makes mistakes!

A study by the U.S. Treasury Department confirms that the Service only had the right answers about 54 percent of the time with questions asked through its Web-based Tax Law Assistance program.

A story picked up by the New York State Society of CPAs mentions an opinion held by the National Federation of Independent Business that the small business owner believes the tax code is just too complex to interpret accurately--even for the Service.


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Nov 24This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
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