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
IRS Loses to Yankee Doodle Dandy
Here is another post in AccountingToday by my friend Bruce Givner, a well known tax attorney here in the Los Angeles area regarding an eighty year old ruling by the predecessor of the Tax Court that can affect a lot of undocumented business expense deductions:http://www.accountingtoday.com/news/IRS-Loses-Yankee-Doodle-Dandy-67020-1.htmlTalk about tap dancing with the government!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
IRS Tries to Pre-Verify Tax Refunds
Right now, the IRS doesn’t check entity cross-matching with individual tax returns until after many tax refunds for these individuals have been paid. See this article in AccountingToday by Michael Cohn for more details:http://www.accountingtoday.com/news/IRS-Tries-Pre-Verify-Tax-Refunds-67004-1.html?ET=webcpa:e7198:204199a:&st=emailWhile it would make sense to pre-verify these and other returns, until a procedure is in place to handle this accurately and quickly, it will be some time before this is a viable alternative to the IRS. 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