Entries Tagged as 'Announcements'
August 11th, 2010 · 1 Comment
Nadia Plfaum of Pitch reports that the Kansas Supreme Court has suspended attorney Chauncey M. Depew from the practice of law for one year for leaving a note on an administrative assistant’s desk that read, “I want to lick your butt.”
And that’s not all Depew did:
The Supreme Court found that he also:
reclined in a chair while rubbing his [...]
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Tags: Announcements
From Paul Caron:
The ABA announced today that Charles H. Egerton (Mead, Egerton, Bloodworth, Capouano & Bozarth, Orlando, FL) has been selected to chair the 22,000-menber ABA Tax Section. He will serve a one-year term, to be succeeded by William M. Paul of Covington & Burling (Washington, D.C.), who was chosen to serve as chair-elect.
From the ABA [...]
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Tags: Announcements
If a you handled your business this inefficiently, the IRS would assess a hefty penalty against you for negligence.
WebCPA reports:
The Internal Revenue Service’s current method of sending notices and letters is costing taxpayers millions of dollars because it results in a large amount of undeliverable mail, according to a new government report.
The report, from the [...]
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Tags: Announcements · IRS procedure
It’s not only Taxpayer Advocate Nina Olson who thinks the new expanded 1099 reporting requirement is a bad idea.
Eric Blackledge and Thala Taperman Rolnick, CPA, tax issue chairs of the National Small Business Network, sent a letter last month to the leaders of the Senate Finance Committee requesting changes in the expanded 1099 reporting requirements contained [...]
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Tags: Announcements · IRS procedure · Legislative Watch
This case has the potential to alter the entire landscape of the tax preparation business.
IR-2010-082 states that the IRS has barred a CPA from future IRS practice for failure to exercise due diligence in the preparation of his clients’ tax returns:
WASHINGTON — The Office of Professional Responsibility (OPR) has prevailed in an agency appeal involving issues which include the due diligence [...]
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Tags: Announcements · IRS procedure · Regulation of Tax Preparers
Scott Hodge of Tax Policy Blog reports:
A new report by the Congressional Budget Office undermines President Obama’s constant refrain that the “rich” are paying less than their share of federal taxes and that the middle class is over burdened.
The report, Average Federal Tax Rates in 2007, shows that the wealthiest 20 percent of households earned 55.9 percent [...]
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Tags: Announcements · Tax Policy
The IRS has issued guidance to victims of the BP oil spill:
“This is a very difficult time for many people affected by the oil spill in the Gulf of Mexico,” said IRS Commissioner Doug Shulman in a statement. “As residents of the region cope with the evolving situation, I want to assure them that the IRS [...]
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Tags: Announcements · IRS procedure
And the winner is… Chris, who gave us this caption:
“Boy, I sure do miss community organizing.”
I bet he does, Chris.
You can find the other excellent entries here.
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Tags: Announcements · Satire
Whether you are happy with Barack Obama’s performance as President or not, by all accounts it appears that he is a loving and caring father. That’s a more important job than President.
Think about it, if we had more good fathering, we wouldn’t need our government’s help nearly as much and as often as we do now.
The [...]
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Tags: Announcements
The Treasury Inspector General for Tax Administration (TIGTA) issued a report yesterday stating that the IRS failed to make or inappropriately made tax lien determinations in $1.4 billion worth of delinquent tax cases:
The IRS protects its claims against taxpayers who owe delinquent taxes by filing Federal Tax Liens (liens), which establishes the IRS’ priority among secured creditors for [...]
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Tags: Announcements · IRS Liens and Levies · Regulation of Tax Preparers