Data Engine Chugging Along

The cornerstone of the IRS’s efforts to modernize its computerized return-processing system is progressing in capacity and performance, the IRS said in a news release. The Customer Account Data Engine (CADE) had handled more than 15 million individual tax returns by March 7 in the 2008 tax filing season, more than the 11 million returns for all of 2007. CADE allows the Service to update taxpayer accounts daily, rather than the weekly ability of its predecessor, the Master File system, parts of which date back to the Kennedy administration. As of January 2008, CADE could process certain forms 1040, 1040A and 1040EZ, as well as schedules C, E, F and EIC. The IRS is rolling out additional system capabilities this year.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.