Penalties

Understatement of Income Not Fraudulent

A pattern of fraudulent conduct in a tax accountant’s preparation of his clients’ returns was not sufficient to prove that underpayments on his own returns were due to fraud.

CDP Notice of Determination Valid If Actually Received

The Tax Court held that a notice of determination from a collection due process hearing is valid for purposes of starting the period in which a taxpayer must file a petition with the Tax Court if the notice is actually received by the taxpayer.

Newsletter Articles

PRACTICE MANAGEMENT

Tax software survey

Results of the annual survey are in, as more than 3,800 CPA tax preparers tell how their return preparation software worked for them during this year’s busy season.

PRACTICE MANAGEMENT

CPAs contend with tax ID theft

Tax-related identity theft fraud remains a widespread problem that is often difficult for victims and their tax preparers to correct.