THE SUPPLY CHAINS AND TAX PROFESSIONALS

The supply chains and tax professionals. With Covid, the Ukraine war, and lockdowns in major industrialized nations, is it any wonder the supply chain has been disrupted. Almost every industry worldwide has been impacted. These quick changes have shown that the supply chain, a complex and technical area, isn’t just for specialists. It’s a subject […]

TAX RETURN MYTHS PART TWO

Tax return myths part two. Several myths apparently exist regarding tax returns and what you can do to speed up the process of getting your tax refund. These are false and in fact some involve people calling the IRS, which only wastes the IRS time and clogs up the process for those with legitimate problems. […]

BEWARE TAX PREPARER FRAUD

Beware tax preparer fraud. In its ongoing push to fight cyber crime, tax refund fraud, and identity theft, the IRS occasionally lists tax preparer’s who have been caught in tax schemes designed to financially benefit them, and defraud the public of tax dollars. Preparers Omar Faruq, 37, and co-conspirator Omar Ali, 36, have both entered […]

SIX TAX DEDUCTIONS YOU WILL LOSE IN 2019

Six tax deductions you will lose in 2019. If you were hoarding receipts in a shoe box in the hope of claiming a big break on your 2018 taxes, prepare to be disappointed. That’s because the Tax Cuts and Jobs Act placed steep limits on itemized deductions, including lesser known breaks for the fees you […]

TAX PROFESSIONALS TAX SECURITY

Tax Professionals Tax Security. This was the issue at the Internal Revenue Service and the Security Summit, as partners warned tax professionals that savvy cyber criminals target IRS issued identification numbers to help impersonate practitioners as well as taxpayers. To help protect against this threat used on the Dark Web, the IRS, state tax agencies […]