Tax News Recap: CPA Wins, Changes in California, E-File Fraud and More

By Chuck | July 25, 2019
Posted in: Tax News

Wind in your hair and sand between your toes, that’s how most people would describe their Summer vacation. But a Tax Pro’s job is never done! Here’s what’s been happening in the tax world this July. 

IRS Tax Forums Underway

The IRS Tax Forums are underway, and The Income Tax School has been in attendance. There are still 3 more to go this summer!

  • New Orleans (8/6)
  • Orlando (8/13)
  • San Diego (9/17)

If you’re attending any of these, be sure to stop by our booth.

IRS Launches the Taxes-Security-Together Checklist Series

Are you following cybersecurity best practices? The IRS wants to be sure of it, which is why they’ve got a new IRS Notice series called “Taxes-Security-Together”. Check out our blog on the series here. Or, read the full IRS release here.

One Small Change for the IRS, One Jump For CPAs… Hopefully

We all know this year’s tax season was utterly frustrating and disastrous, which is why the IRS has recently implemented the IRS Integrated Modernization Business Plan, but such plan is missing a large, helpful tool: a Practitioner Services Division. Read more about how this add-on could relieve CPA across the country. 

Taxed by Taxies

San Francisco’s board of supervisors recently voted to put a question about taxing ride-sharing companies like Uber and Lyft on November’s election ballot. Uber and Lyft openly discussed their support and even helped craft the proposal, which predicts that the city of San Francisco could raise $35 million from these new taxes. More on that here. 

A Win For Small Accounting Businesses

LinkedIn has added their new “Open For Business” marketplace, a tool where an individual’s availability, expertise, geographic location and other are displayed for freelancers and small businesses. The tool even includes skills such as “bookkeeping” and financial accounting.  Learn more about how you can set up this tool. 

There’s Something Strange About TurboTax

If you know someone that filed with TurboTax’s free e-filing system, there’s a large chance that they were short changed this tax year. Now, we know this tax year was ludicrous, but we never expected it could get any worse. Read up here. 

The Football Fantasy: Compromised by California Taxes

Right about now professional football players across the country are training for their next season, including the Dallas Cowboys. Unfortunately, players are taking a hard hit from California’s taxes. Here’s more on that.

Want to Make Extra Money This Summer?

We’re recruiting EAs to write/update curriculum for The Income Tax School. Want to make extra money during the off season and sharpen your skills doing it?

Qualifications

  • Extensive & current tax preparation experience
  • Excellent writing, research and grammar skills
  • Experience using Microsoft Word
  • Adobe experience desired but not required

Click here to apply

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