The IRS reports progress, but many firms could still improve their practices.
Tax Practice Management
Tax practice clients’ personal information requiring protection now often includes driver’s license numbers.
A professional liability claim may occur if a client’s expectation and the results of the tax services do not coincide.
The AICPA revises its Guiding Principles of Good Tax Policy to respond to challenges in tax reform, economic efficiency, global reach, and securing taxpayers’ information.
Here’s how preparers can help thwart identity thieves.
A new wave of cyberattacks could allow criminals to take control of tax practitioners’ computers and file fraudulent returns.
Results show 4 companies control more than 90% of CPA tax preparer market. Find out how more than 3,800 CPAs rated the tax preparation software they used in 2016.
A majority of CPAs surveyed say this scourge affects their practices and is often difficult to resolve.
Identity protection personal identification numbers pose additional filing and recordkeeping considerations.
The Second Circuit overrules a district court’s restrictive interpretations of a “common legal interest” with a third party and documents prepared “in anticipation of litigation.”
Bosses can do many things to reduce pressure on valued staff members.
Businesses may need CPAs’ help in protecting against and remedying tax-related identity theft.
The AICPA Private Companies Practice Section team shares best practices on preparing for busy season.
Thousands of CPAs assess the features and performance of their income tax preparation software as well as, for the first time, their software for estate and gift taxes.
CPAs in tax practice have seen an increase in identity theft. Here are some tips for dealing with this vexing problem.
Practitioners can benefit from documenting their advice in accordance with Circular 230 and the SSTSs.
These tools are essential to interact with the IRS on clients’ behalf.
Use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner’s role.
By providing documented due diligence, practitioners can explain why they took the position and show they used reasonable care when determining the position was appropriate.
This article highlights situations when a tax accountant needs to recognize that it’s time to call in legal counsel.