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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Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.