The IRS Electronic Tax Administration Advisory Committee (ETAAC) is reporting to Congress that the IRS work more closely with preparers on compliance with electronic tax administration issues. See this article in AccountingToday by Jeff Stimpson:http://www.accountingtoday.com/news/etaac-says-irs-should-work-more-closely-with-preparers-67163-1.html?ET=webcpa:e7270:204199a:&st=emailIt looks like with preparer help it will make the Service more able to respond to information requests and streamline paper flow in both directions, which will get things done a lot faster, which is always good news. For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
Overdraft protection may raise fees
Actually requesting overdraft protection on debit card and ATM transactions may be letting themselves in for additional fees. See this posting in USA Today by Kevin McCoy:http://www.usatoday.com/story/money/business/2013/06/11/bank-overdraft-practices/2408805/—–According to this, if you overdraft your account a lot, it is cheaper to not have the protection and just get the bill payment or ATM transactions declined with maybe an overdraft fee instead of the overdraft protection fees. What a crazy world!For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
NSA Talks to IRS about Keeping eServices Open
The National Society of Accountants is talking to the IRS to persuade them to keep their E-Service functions open. See this article in AccountingToday by Michael Cohn:http://www.accountingtoday.com/news/NSA-Talks-IRS-Keeping-eServices-Open-67105-1.html?ET=webcpa:e7260:204199a:&st=emailHopefully the minds can meet and come up with a taxpayer friendly resolution to this issue. For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com