The IRS Made Hourly Billing a Compliance Risk. So Why Are You Still Doing It?
The IRS recently handed firm owners a perfect excuse to finally kill the billable hour (and a massive regulatory headache if they don’t). If you’re still charging by the hour for tax prep while using AI, you might accidentally be violating Circular 230.
IRS staff cuts are setting up next year's tax season for trouble
IRS workforce reductions have led to long wait times for identity theft victims, technology struggles, and mounting challenges for the upcoming tax season, all while major tax law changes are on the horizon.
DOGE proves the IRS can move 100x faster without red tape
DOGE fixed an IRS website login button in 71 minutes instead of 103 days, demonstrating how bureaucracy slows government progress. Their next target: modernizing IRS data systems.
The $350M tax evasion case every CPA should know about
Douglas Edelman struck gold with a $7 billion military contract during the war in Afghanistan. Now he’s in jail as one of America’s biggest alleged tax cheats.
Thinking about not filing your taxes? Here's why that's a terrible idea
17% of millennials may skip filing taxes this year due to IRS job cuts. Find out why this strategy backfires.
IRS cuts could cost $500 billion: Is tax compliance about to collapse?
Blake Oliver questions Washington Post claims about IRS cuts causing $500B in lost revenue, arguing technology investment—not more auditors—is the real solution.
Former IRS agent reveals impact of massive agency layoffs
A former IRS revenue agent shares his firsthand experience of sudden layoffs, outdated technology, and the potential impact of cutting half the agency's workforce.
The case for a New Revenue Service
A complete reinvention of the IRS using modern technology and fresh talent could transform tax administration and create a more efficient system for all.
The opportunity for tax pros in the IRS enforcement surge
The IRS tidal wave is here. After years of going easy, they're back to enforcing tax laws with a vengeance. Millions of taxpayers are in their crosshairs, from average folks to wealthy jet-setters. But here's the thing: their offensive is your opportunity.
The biggest check you can write to the IRS
Did you know there's a limit to the size of checks you can write to the IRS? It's $99,999,999.99. We discuss this little-known fact and other fascinating stories from the intersection of accounting, technology, and pop culture on Episode 372 of The Accounting Podcast.