AccountantsWorld Daily News Lesson From The Tax Court: Taxpayer Cannot Cure Reporting Error During Audit
(TaxProf Blog) - The taxpayers made a conservation easement but their return omitted information required by regulation. That proved fatal. The IRS disallowed the deduction because of that omission, even though taxpayers offered the information during audit.
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When IRS Asks About Cryptocurrency On Your Taxes, Answer Carefully
(Forbes) - A new IRS question appears at the top of Schedule 1 to your 2019 Form 1040. It asks if you received, sold, sent, exchanged, or otherwise acquired any financial interest in any virtual currency at any time during the year.
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(Accounting Today) - The purpose of the SECURE Act is to incentivize employers to offer retirement plans as well as to improve individual retirement savings outcomes for the millions of Americans without adequate retirement savings.
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(JofA) - The accounting profession still has far to go to advance women.
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Lesson From The Tax Court: Taxpayer Cannot Cure Reporting Error During Audit When IRS Asks About Cryptocurrency On Your Taxes, Answer Carefully Accounting/Audit
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