Source Media

September 20, 2019

DAILY BRIEFING

IRS small biz unit pivots to cryptocurrency enforcement

By Michael Cohn 4 min read

Newly appointed officials in the SB/SE Division plan to make changes in the IRS’s strategy for dealing with collections and enforcement.

Product news: Accelerator Websites for Accountants now offers websites in Spanish

By Ranica Arrowsmith

Plus new products from Chargify, Avii, and a new chief product officer at MineralTree.

Tax Fraud Blotter: Tooth and justice

By Jeff Stimpson 6 min read

Guns galore; game of Chicken; an ID you can’t refuse; and other highlights of recent tax cases.

IRS overlooked billions in unpaid employment taxes

By Michael Cohn 3 min read

Resource limitations and a drop in staff at the service allowed businesses to get away with billions of dollars in unpaid taxes.

Dean Dorton launches Women's Initiative Committee

By Sean McCabe 2 min read

The Lexington, Kentucky firm seeks to "promote a firm culture that provides women with support, mentorship and training in order to fully develop their potential as leaders."

Protecting your firm: Addressing restrictive covenants in a partnership agreement

By Russell Shapiro 4 min read

Restrictive covenants are the prenuptial agreements of the accounting world.

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Corporate America is repatriating offshore cash at slower pace

By Katia Dmitrieva and Laura Davison 1 min read

Corporations brought $88.3 billion of overseas profits back to the U.S. in the second quarter, marking nearly $1 trillion that has returned since Congress overhauled the international tax system.

Trump sues Manhattan D.A. as state seeks president’s tax returns

By Chris Dolmetsch and Greg Farrell 2 min read

The president sued District Attorney Cyrus Vance Jr. after Vance demanded eight years of tax returns in a probe of whether the Trump Organization falsified business records.

Warren’s wealth tax would be a pain for the IRS and a boon for appraisers

By Laura Davison 5 min read

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.

How to win your fantasy football league in 2019? Use valuation methodologies

By Jason Mutarelli 5 min read

Are you ready for some valuation? Ahem...football?!?!

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