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Company Loses Deductions for Pay of Exec Who Works for Another Company
(Accounting Web) - The IRS cautions that this restriction should be kept in mind when a company assigns one of its executives to perform services for a related outfit.
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Trust Is Not Enough: Recharting the CPA's Path Forward
(CPA Practice Advisor) - To ensure the relevance of CPAs and the CPA profession, it is time to look beyond the traditional tax, accounting, and audit services—what we refer to as compliance services—that CPAs have built their reputations on.
How to Use Google Password Checkup
(How-to-Geek) - Google has a tool designed to securely analyze your passwords against a database of ones that are known to be compromised and breached. Password Checkup is available as an extension or a web service. Here’s how to use it.
Harvard Law Prof Skips Decade Of Filing Taxes, Key Lessons In IRS Response
(Forbes) - The professor failed to file tax returns with the IRS for many years, and then he went to Tax Court to dispute the taxes with the IRS. In Sullivan v. Commissioner, the United States Tax Court held for the IRS.
Is Your Bag of Donated Holiday Sweaters Really Worth $250?
(USA Today) - But because many charities don’t assess the value of those donated sweaters and pants when they hand you a receipt, it’s often up to taxpayers to figure out how much to deduct on their taxes — and that can be a gray area, experts say.
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