Diversifying the Tax Collection Arsenal


“We cannot audit our way to full compliance. … We need to supplement our efforts with new tools, such as more information reporting, soft notices and self-correction options for taxpayers.”

—IRS Commissioner Doug Shulman, July 18

Source:The IRS, www.irs.com.

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.