Editor's Note
Isn't it reassuring to know that the new Secretary of Treasury,
pending approval from the Senate Finance Committee, is someone
who a) doesn't understand enough about how the tax system works
to know that when he signs a document indicating he is
responsible for paying his own taxes, that means he's
responsible for paying his own taxes, or b) is the type of
person who is willing to risk cheating on his taxes in hopes of
not getting caught?
While there is not a direct connection between the actions of
the Treasury Secretary or the members of the Senate Finance
Committee and the actions of the average taxpayer, doesn't it
seem likely that this appointment, or even the serious
consideration of this appointment, could usher in a new era of
IRS audit complacency? Of course I jest. The only message I see
coming from this is that those who make the laws and those who
enforce the laws are not those who need to be held accountable
to their own standards. And what kind of message is that?
Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com
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Ways and Means completes new tax plan
Democrats on the House Ways and Means Committee have released a
tax plan that they hope will provide additional economic
stimulus to taxpayers who have yet to demonstrate the
effectiveness of last year's stimulus package.
more >>
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NEW! PPC’s Tax e-Practice Aids™
Get PPC’s industry-leading practice aids (including engagement
letters, worksheets, checklists, elections, tax organizers and more)
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IRS reaches out to financially distressed taxpayers
The Internal Revenue Service has kicked off the 2009 tax filing
season by announcing a number of new steps to help financially
distressed taxpayers maximize their refunds and speed payments
while providing additional help to people struggling to meet
their tax obligations.
more >>
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10 ways CPAs (and their assistants) recognize tax season
Tax season already? Sometimes the obvious hits us between the eyes, but all too often it just sneaks up on us. Yvonne Olson, an administrative assistant for a Washington State CPA firm, offers this lighthearted look at 10 ways to recognize tax season.
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Blog: Timothy Geithner as Secretary of the Treasury - Yea or Nay?
This week, I got a note from an Enrolled Agent asking me to
protest the nomination of Timothy Geithner as Secretary of the
Treasury. Initially, based on the information in the radio and
print news media, my first reaction was: Let's get some more
information. That consular/foreign job compensation issue really
is complicated enough that tax professionals get confused. Odds
are that this is an innocent error.
more >>
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Stay Informed with CCH Audio Seminars
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Invite colleagues, customers, prospects and business referral sources to join you for a CCH Audio Seminar. Each seminar includes supporting CCH research materials forwarded to you after the seminar.
1040 LAST-MINUTE UPDATE: Latest Tax Changes for 1040 Clients - January 27
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THE NEW MICHIGAN BUSINESS TAX: The Latest Changes, Structure,and Forms
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UPCOMING AUDIO SEMINARS:
Foreign Bank and Financial Accounts – Feb. 3
Canada-U.S. Tax Treaty – Feb. 5
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