The Treasury reports a sharp rise in the frequency of
identity theft—for example, fraudulent use of Social Security numbers
to obtain loans for buying luxury cars—and offers tips on how to
detect suspicious financial activity and notify the appropriate
authorities ( www.treas.gov/fincen/sarreview06182001.pdf
; www.treas.gov/fincen/sarreview2issue4web.pdf
)
NEWS
IRS sets start date for tax seasonThe IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.
PODCAST
Why CPAs can’t wait on automation toolsWhat do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.