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Lesson From The Tax Court: IRS Automated Matching Program Not An 'Examination'

(TaxProf Blog) - Taxpayers think there is an audit lottery. Tax professionals know better. True, there is an audit lottery in the sense that only a very, very small percentage of returns are subject to human scrutiny. But what most taxpayers overlook is that the IRS relies heavily on machines



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The Outsourced Controller: Who’s Monitoring the Bookkeeper? 
(Accounting Today) - Offering an outsourced controller service in your accounting or CPA firm can create more opportunities because most small to midsized businesses have only one person performing all the accounting functions.

Forecasting and Impairment Tips for an Unprecedented Time 
(JofA) -The economic slump resulting from the pandemic has increased the risk of asset write-downs and added to the pressure on auditors to scrutinize impairment models.

After months of delay, Congress to vote on massive coronavirus aid package 
(Reuters) - After months of inaction, the U.S. Congress was poised on Monday to vote on a $900 billion stimulus package that would provide new assistance for individuals and businesses battered by the surging coronavirus pandemic.

The Differences Between Each Type of Bankruptcy 
(Accounting Web) - There are several different types of bankruptcy. The right one depends on the specific needs of the client your working with.

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