Correcting a minor error that would result in only a small change in tax liability may be unjustifiable, given the cost involved.
Tax Practice Management
This item summarizes some common IRS penalties and the procedural and practical ways practitioners can obtain a penalty abatement.
Cloud-based preparation and filing reduces the burden and streamlines the overall process.
This column discusses the technology tools tax practice leaders are using to manage their virtual tax teams.
Practitioners should consider taking a fresh look at their tax engagement letter policy before the next busy season.
A number of ethics and risk management issues must be considered when preparing and filing FinCEN Form 114.
Understanding forms 1095-A and 1095-B can help in preparing clients' individual income tax returns and fulfilling their professional due-diligence responsibilities.
A new scam takes the form of an email pretending to be from the practitioner’s tax software provider.
By developing expertise in a new practice area, a CPA can increase income and become a more well-rounded professional.
CPAs rated the tax preparation software they used in 2016 and how it handled common tasks.
Tax classes should teach students not only to navigate the Code but also to communicate their findings effectively through internal memos and client communications.
This column discusses some of the rules regarding preparation of Form 2848 and addresses professional ethics issues that arise in dealing with the form.
Tax-related identity theft fraud remains a widespread problem that is often difficult for victims and their tax preparers to correct.
This column provides two experienced CPAs’ overview of some key factors to consider before venturing out to start your own practice.
Because tax changes don’t take a vacation during filing season, this article helps practitioners keep up to date by summarizing tax developments for that period.
This article reviews how "taxpayer receipts" can help practitioners provide additional tax information to clients.
Tax season presents an opportunity to interact with current and prospective clients at a time when interest in the firm and its services is at its peak.
This column explores the interrelationship of ethical and practical considerations that start before client data come into the office and continue after the return is filed.
This year-end article offers a list of tasks to consider to get ready for the upcoming filing season.
The key to developing a working training program for seasonal staff is to start early.