6 myths about tax refunds

JEFFREY B. TRAVIS

IRS warns of new scam involving erroneous tax refunds. | The Internal Revenue Service warned taxpayers Tuesday to beware of a quickly proliferating scam involving erroneous tax refunds being deposited in their bank accounts, after a data breach on their tax preparers’ computers gives them access to sensitive client information.

IRS didn’t notify 458,658 identity theft victims. | The Internal Revenue Service failed to tell nearly half a million victims of identity theft last year their information was being used by others for employment purposes, according to a new report, which attributed the failure to a computer programming error.

 

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AICPA Online Revenue Recognition Guide

Post on @Quora by @jeffreybtravis:

The American Institute of CPAs Online Revenue Recognition Guide

Post by Illinois CPA:

The American Institute of CPAs

The American Institute of CPAs issued its first Audit & Accounting Guide on Revenue Recognition. The AICPA published this because of changes in accounting standards for revenue recognition for publicly held companies for annual reporting periods.