AccountingWEB.com - News

Wanted: Taxpayers who want to claim their refunds

Fri, 06 Nov 2009 16:10:32 +0000

The Internal Revenue Service is looking for taxpayers who are due to receive a combined $123.5 million in the form of 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors.

“We are eager to get this money into the hands of taxpayers, so don’t delay if you think you are missing a refund,” said IRS Commissioner Doug Shulman. “The sooner you update your address information, the quicker you can get your refund.”

IRS reports two out of three individuals using e-file

Fri, 06 Nov 2009 16:03:06 +0000

The IRS is reporting that individuals e-filed a record 95 million federal income tax returns during 2009, up almost 6 percent from last year’s total of nearly 90 million. About two out of three taxpayers e-filed this year; out of the 141 million returns filed so far this year, over 67 percent were e-filed, compared to 59 percent last year.

Ohio CPAs teach local students 'Smart Money Management' skills

Thu, 05 Nov 2009 05:35:37 +0000

On November 12, fifth-grade students at Brecksville-Broadview Heights Central School in Brecksville, OH will play the stock market and learn the risks and rewards of real-life investing from CPAs with Howard, Wershbale & Co. (HWCO) in Cleveland.

California tightens restrictions on CPAs

Thu, 05 Nov 2009 05:29:41 +0000

It’s not often that a bill passes unanimously. But when the California legislature voted on AB117, a bill that will regulate the state’s CPAs, there was not a single “no” vote cast. The bill was introduced at the request of CalCPA, which shares with legislators the goal of increased transparency.

More tightening for California CPAs: Peer Review

Thu, 05 Nov 2009 05:13:52 +0000

As California seeks to bring its CPAs into alignment with standards of the majority of other states, lawmakers have recently passed bills that raise the educational requirements for the accounting profession and require that CPAs with inactive licenses disclose that fact when acting in a professional capacity. One other significant change is the addition of mandatory peer review, as addressed by AB138.