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Lesson From The Tax Court: Offers in Compromise and the Concept Of Reasonable Collection Potential

(TaxProf Blog) - One key concept for submitting a successful Offer In Compromise (OIC) is something called the Reasonable Collection Potential (RCP). RCP is not a hard-and-fast calculation. It contains lots of wiggle room for savvy taxpayers. But there are limits.



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Child Tax Credit Snafu Means August Payment Delay For Over 4 Million Taxpayers 
(Forbes) - Due to “an issue,” a percentage—less than 15%—of folks who got their payment by direct deposit in July will be mailed paper checks for the August payment, according to an Internal Revenue Service news release.


Small Business Optimism Declines in July 
(CFO) - Small business owners are losing confidence in the strength of the economy and expect a slowdown in job creation


Sales Tax Laws You Need to Know Now 
(Accounting Web) - Sales tax rules and their potential impact are not getting any easiser. This article from Avalara Senior Writer Gail Cole, gives a quick snapshot of all the pertinent changes to be aware of in various states, as well as the over-arching world of economic nexus


How to Take a Screenshot on a Chromebook 
(PC World) - We’re still waiting for Windows to make screen captures this easy.


My revenue grew 75% - heres how

Years ago, Steven Brewer, CPA saw the shifts taking place in accounting and decided to make changes in his firm to survive. They've grown their accounting revenue by 75% over the past 5 years – without adding more clients. READ HIS CASE STUDY




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