IRS Continues to Battle Tax Refund Fraud

WebCPA reports that the IRS increased the number of fraudulent tax refund claims it detected and stopped during the 2011 tax-filing season by 171 percent over the previous year: As of April 30, 2011, the…

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AICPA Opposes IRS Fees, Fingerprinting of Tax Preparers

WebCPA reports that the American Institute of CPAs (AICPA) is asking the Internal Revenue Service to reconsider some of the fees it plans to charge for competency exams and fingerprinting as part of its tax…

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Conscripting Tax Preparers Part 2: EITC Due Diligence Requirements

Last year I wrote a post titled IRS Disbars CPA for Relying on Client’s Income and Expense Numbers about a disturbing trend by the IRS to draft private tax preparers and force them to work as IRS auditors without pay….

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IRS To Fingerprint Tax Preparers

Yes, you read that correctly. The Journal of Accountancy reports that the IRS plans to start fingerprinting thousands of tax preparers as part of its oversight program and run the fingerprints through an FBI database: The IRS…

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Are You an Idiot if You Use Social Media?

I have no quarrel with people who don’t participate in social media. It’s not for everyone. I do, however, have a problem with someone who eschews social media and then accuses others of being mental midgets for not doing the…

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