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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Starting in October, the IRS will send warning letters to tax return preparers who appear not to be complying with Earned Income Tax Credit (EITC) due diligence requirements.Section 6695(g) of the Internal Revenue Code...
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A new government report on Monday found that the IRS may not be completing the required research steps in collecting delinquent taxes before considering the cases “not collectible.”The Treasury Inspector General...

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Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
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