News, practice tips, and industry updates for CPAs, enrolled agents, attorneys, and everyone else working in tax professionally.
In April of this year, I posted a list of Twittering Tax Pros. Since then, I’ve been tweeting up a storm and my list of folks that I follow has grown – that means it’s time for an update! Here’s the list so far (arranged by ABC order of real names, well, except for the…
Years after the crackdown on the marketing of what the IRS terms “fraudulent tax shelters” began, tax professionals are still taking a hit for their roles in the scandals. This, despite a disappointing prosecution in the KPMG case. The US Attorneys Offices are still pursuing claims against other big name firms – the latest? Arnold…
Wow. This is just of those stories that you see and you almost just breeze right by it – cause it can’t be true. But apparently, it is. Professor Jan Ting – one of my own former tax professors at Temple University – has been “expelled” by the Delaware Republican Party from his position in…
Who really benefitted from the economic stimulus plan? Tax professionals for sure. H&R Block, the nation’s largest tax preparer service, reported a banner quarter. The company prepared taxes for over 23.5 million clients – due largely to the rush for rebate checks. This means that H&R Block posted a profit this quarter, which was good…
Taxpayer asks: Hey taxgirl, I love your site and I read it every chance I get. This is not the kind of stuff I would read normally but I like it. Can you name other web sites that you read? I’m not interested in technical stuff. Taxgirl says: First of all, thanks so much for…
Sometimes, when it sounds too good to be true, it is. JK Harris and Company, LLC, a national tax debt firm that promised to help folks settle tax debts, has agreed to change its advertising practice and pay millions of dollars in restitution under a settlement with attorneys general in 18 states. The settlement also…
Years ago, the partner at the law firm where I worked at the time approached me about working on a presentation for a major client. The client had significant business and personal holdings and was looking to do both income and estate tax planning. We prepared for this meeting for about two weeks and came…
I mentioned before that I use a CPA to help out with my tax filings at the office. This drew a chuckle from some of my colleagues, but it’s true. I think that a tax professional is an invaluable resource. Consider the time value of money alone. Nationally, it costs about $200. Do I love…
Okay, so you know that’s not true. But surprisingly, many accounting firms and a couple of law firms made Fortune’s List of the 100 Best Companies to Work For in 2007. Google made the top of the list – so maybe it’s more fun to be a tech geek pulling in tons of dough –…
Somewhere, David Makov is glad that he didn’t spend the extra dollar on a Powerball ticket. His luck has officially run out. Despite the fact that many of those charged in the KPMG scandal were let off the hook due to over-zealous prosecution, Makov, is one of the five remaining defendants in the case. Rather…