The Progressive Accountant - Taxes

Intuit's Smith: Good Tax Season; But...

Wed, 23 May 2012 15:04:38 +0100

Intuit had an 11 percent increase in consumer tax revenue and the first growth in units sold to tax preparation professionals in three years for its third quarter ended April 30. But CEO Brad Smith thought the company should have done better in both areas in what he called a solid performance.

LexisNexis Tool Used to Fight Georgia Tax Fraud

Tue, 22 May 2012 15:31:25 +0100

LexisNexis says that the State of Georgia is utilizing one of its products in a pilot program aimed at fighting identity fraud. The LexisNexis Tax Refund Investigative Solution has been used since the program was launched in January and utilizes identity verification and authentication tools to find and hopefully halt the filing of fradulent tax returns.

IRS Eases OIC Terms

Tue, 22 May 2012 14:09:10 +0100

The Internal Revenue Service has again expanded its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise program. According to the IRS, the changes will enable some taxpayers to cut the resolution of their tax problems to as little as two years from four to five years previously.

DOJ Seeks Shut Down of Texas Preparers

Fri, 18 May 2012 02:07:38 +0100

The Department of Justice has sued a San Antonio couple, Pete Gutierrez and Jeanette Gutierrez, because of allegations the two prepared fraudulent returns. The government seeks an adjunction to bar the married couple from preparing federal tax returns for others. The action also extends to their companies FCRE Inc., and Fast Cash Refund Express Electronic Tax Service.

Intuit Downloads to Avoid Tax

Mon, 14 May 2012 05:18:40 +0100

Intuit plans to offer a download-only distribution of its 2012 Lacerte and ProSeries tax preparation software. The method is aimed at avoiding sales tax on software distributed via CD in 14 states, including California.