The U.S. Treasury is taking measures to collect on the over $400 billion dollars worth of tax bills out there. To do this, Congress has passed a section of the Fixing America’s Surface Transportation (or FAST) Act that instructs the IRS to use private debt collectors to chase down delinquent tax debts. With all of the warnings we’ve […]
Displaying: September 2016
IRS Tax Forum Recap
It has been a busy couple of months for the team at The Income Tax School! We’ve been on the road to exhibit and attend IRS Tax Forums across the country! From Chicago to New Orleans, to Maryland, Orlando, and San Diego our team has been to all of the IRS Tax Forums to spread […]
Discounted AICPA membership for CPA Exam candidates
The AICPA is offering a membership discount to CPA exam candidates. The 60% discount is valid for all new members for the first year of membership.
9 Fall Marketing Ideas to Prepare for Tax Season
If you run a tax business, there are always things to do year round to prepare for the current, next or upcoming tax season. Taxes are a seasonal business but as a business owner, you should always be in building and planning mode. Now that’s it’s fall, tax season is right around the corner. Here […]
Accounting Today’s 2016 Top 100 Most Influential People in Accounting
I am excited and honored to announce that I have been named among Accounting Today’s 2016 Top 100 Most Influential People in Accounting. Each year, Accounting Today names the top 100 “thought leaders, visionaries, regulators, and others who are shaping the profession.” This is the 4th year I’ve been included in this prestigious list. Below is the […]
FASB announces ASU 2016-14 – NFP Standards will be testable January 2018
The FASB issued Accounting Standard Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The update was designed to improve existing standards, and is eligible to be tested on the CPA Exam in January 2018.
FASB releases Standards Update on Statement of Cash Flows
On August 26, 2016, the FASB issued Accounting Standard Update 2016-15, Statement of Cash Flows (Topic 230).
Everyone Can Benefit From Going Back to School
The kids are about to go back to school, why not join them? No, you can’t go to school with your kids, but you can further your education and grow as a tax preparer. Expanding on your tax knowledge is beneficial to your clients, yourself, and your business if you are a business owner. Here are […]