AccountantsWorld Daily News IRS Wants Electronic Filing But Is Harsher On Penalties Than With Paper Filers (Forbes) - Magistrate Judge Maria-Elena James ruled that Mr. Spottiswood's penalties for late file and late pay of his 2012 return (0ver $130,000) were not being refunded. Here is the story. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Efforts To Curb Tax Avoidance Offshore Paid Off, To A Degree (TaxProf Blog) - In 2008, the United States government launched a number of enforcement initiatives to rein in its residents' use of secret offshore accounts to avoid their tax liabilities. Through several high-profile lawsuits, the U.S. forced a number of Swiss banks, including UBS... Best Smart Lock for a Keyless Home (TechHive) - The first locks date back more than a thousand years, and while traditional lock-and-key systems have improved over time, the basic mechanism hasnât really changed: Square Root Costing: A Better Method (CFO) - Square root costing is the only costing methodology based on an accurate understanding of complexity costs, say the co-founders of Wilson Perumal. IRS Updates Automatic Accounting Method Change Procedures (JofA) - Any method of accounting a taxpayer adopts must clearly reflect income. Under Sec. 446(e) and Regs. Sec. 1.446-1(e)(2)(i), unless otherwise provided, a taxpayer must secure the IRSâs consent before changing its accounting method. Taxation IRS Wants Electronic Filing But Is Harsher On Penalties Than With Paper Filers Efforts To Curb Tax Avoidance Offshore Paid Off, To A Degree Accounting/Audit Square Root Costing: A Better Method IRS Updates Automatic Accounting Method Change Procedures Apple Leaves Overseas Cash Out of Its Latest Quarterly Report Business News Homebuilders Poised for Gains but Face Interest-rate Fears | TOP 5 MOST READ Tax Rules on Renting Out a Personal Residence The Kiddie Tax Grows Up: Beware The IRA Trap Lesson From The Tax Court: The Role Of Equity AI and Accountantsâ Intelligence: âThe AI-ccountantâ California Supreme Court Deals Major Blow To Gig Economy Business Model, Treats Workers As Employees Rather Than Independent Contractors TOOLS OF THE TRADE Financial Calculators Business Forms & Letters e-BREAKS Lava vs Ice | This is not unsolicited mail. As a part of our commitment to help accountants advance their practices we offer the widest range of the most useful tools and resources FREE to accountants. As a term of membership, you agreed to receive such communication. However, if you wish to unsubscribe to this service, please click on the unsubscribe link. Privacy | Click Here To Unsubscribe |Feedback © Copyright 1999-2011 AccountantsWorld LLC. 140 Fell Court, Hauppauge NY - 11788, USA. All rights reserved. |