by Aleksei Koutin on 02 Sep, 2014 - 0 comments

The Minnesota Society of Certified Public Accountants recently surveyed its CPA members about the most creative tax deductions proposed by their clients. Here are some of the most memorable responses from the MNCPA’s annual list of strange and unacceptable tax deductions for 2012. Ab-solutely Not A ballerina was surprised to discover that she couldn’t deduct […]

by Aleksei Koutin on 02 Sep, 2014 - 0 comments

AUGUST 29, 2014 BY JEFF STIMPSON Some of our favorite recent tax fraud cases. Fredericksburg, Va.: Preparer Daniel L. Jones, 56, has been sentenced to 37 months in prison for aiding in the preparation of fraudulent returns for his clients and making a false statement to the IRS. According to court documents, for many years Jones […]

by Aleksei Koutin on 02 Sep, 2014 - 0 comments

WASHINGTON, D.C. (AUGUST 29, 2014) BY MICHAEL COHN The Securities and Exchange Commission said Friday it has issued a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions and reported wrongdoing to the SEC after the company failed to take action when the employee reported it internally. The SEC […]

by Aleksei Koutin on 02 Sep, 2014 - 0 comments

A Durham, N.C.-based tax preparer has been sentenced to 30 months in prison for conspiring to defraud the Internal Revenue Service. Tasha Renee Smith must also serve three years of supervised release and pay $375,578 in restitution to the Internal Revenue Service. She pleaded guilty on April 8. For parts of the filing seasons for […]

by Aleksei Koutin on 02 Sep, 2014 - 0 comments

A St. Charles, Mo., tax preparer who was sentenced to six month in prison earlier this year, has now been barred from preparing federal tax returns for others. William Naes drew the prison term for collecting $150,480 in disability benefits from 2005 and 2013 while still running his tax preparation business. Naes was also ordered […]

by akoutin@yahoo.com on 04 Nov, 2013 - 0 comments

11-1-2013 IRS planned outage Nov 9-12 IRS issued a Quick Alert to the Industry about this planned outage. CCH SFS will not send e-files that whole weekend (Friday 6pm thru Tuesday 8am) but you may continue sending those efiles to us to hold. IRS MeF is shut down officially by IRS Saturday Nov 9 at […]

by akoutin@yahoo.com on 04 Nov, 2013 - 0 comments

2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume WASHINGTON – The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal […]