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The One Thing You Must Do Before Tax Season

As tax season approaches, the pressure mounts for tax and accounting professionals to ensure a smooth and efficient process for their clients. While...

A Cautionary Tale for Tax Practitioners

The recent case of Gagliardi v. Prager Metis CPAs LLC (No. 1:23-cv-07454, S.D.N.Y. 2024) has sent ripples through the tax preparation community,...

The Great COVID Heist: IRS Announces Billions in Fraud

As the United States grappled with the devastating effects of the COVID-19 pandemic, the government rolled out an unprecedented relief plan to help...

Understanding Reportable Transactions: What Tax Preparers Need to Know

Many tax preparers may not often run into a reportable transaction situation, however most returns require disclosures about whether an entity does...

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