Looks like the IRS still has some work to do before they do a good job detecting identity theft-related tax fraud. See this article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/identity-theft-tax-fraud-undetected-taxprotoday-irs-taxes-tigta-63486-1.html?ET=webcpa:e5922:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_080312I guess it is a much bigger problem than the IRS thinks it is!Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
Let’s Not Tax the Olympians
See this article from last week in Accounting Today by Michael Cohn – a bill has been introduced in the Senate to not tax Olympic Medals won or the cash prize that goes along with them. Here is the article:http://www.accountingtoday.com/news/marco-rubio-senate-olmpics-medals-taxes-irs-63483-1.htmlSounds good to me – these athletes get enough grief as it is.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035
IRS Audited Mitt Romney In The Past
In this article in Accounting Today by Michael Cohn, Mitt Romney has said he has been audited in the past and implied his tax preparer did a good job, so I assume he didn’t owe any additional taxes:http://www.accountingtoday.com/news/irs-audited-mitt-romney-63452-1.html?ET=webcpa:e3774:204199a:&st=emailOne point Romney made in the article was that he paid what was legally due, so he is following the most important tax planning strategy – don’t pay the government anymore taxes than you are required to.Call me or email me if you want to discuss this or think you pay too much tax.Remember, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035