Tax Fraud Blotter: Stretching a buck

Hidden fees; Maxed out; inhuman services; and other highlights of recent tax cases.


IRS fixes worksheet that miscalculated capital gains taxes

The Schedule D instructions had the older, higher tax rates for investors that were changed by the 2017 tax law.


Two ears, one mouth: Act accordingly

As trusted advisors, we spend so much of our day thinking about how we’re going to deliver answers. Instead, we should be spending a lot more time asking intelligent questions.


Senate Finance Committee sets up task forces to deal with tax extenders

Republicans and Democrats will be working on the perennial problem of what to do about the temporary tax breaks that need to be renewed every few years.


Audit problems on the decline worldwide

Auditing quality seems to be improving somewhat internationally, although there’s still a lack of consistency, according to a new report.


Rubio’s corporate investment plan could make him popular on left

The Republican senator is on a crusade to compel corporations to prioritize long-term growth over quarterly profits.


Health care, student loan forgiveness among graduates' top desires

A poll conducted on behalf of the American Institute of CPAs found that young job seekers consider student loan reimbursement to be a bigger concern than retirement.


The case for standardized, audited ESG reporting

It’s time to treat environmental, social and governance metrics with the same rigor as financial metrics.


AICPA suggests changes in IRS rules for transportation fringe benefits

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.


IRS estimates over a quarter of EITC payments were improper

About $18.4 billion in bad payments were made on the refundable credit in 2018.