June 19, 2018

Taxes

Exposure Drafts: 1099s Don’t Care If You Shun Them

Exposure Drafts appears every other Wednesday. Send your accounting cartoon ideas and list of your least favorite tax returns to [email protected] You can follow Greg Kyte on Twitter.

cryptocurrency trading taxes

Cryptocurrency Traders Learning That Taxes Are a Thing

Here’s an amusing MarketWatch story by Shawn Langlois on how cryptocurrency traders, presumably having no concept of income, are all bent out of shape about the taxes they owe on their trading gains. The lead kvetcher, latex_man, posted a thread entitled “I just did my taxes and it turns out I lost almost everything” and […]

Tax return

Are You Preparing That Tax Return the Same Way You Did 5 Years Ago?

Most likely, the answer is no. Remember the days with paper client files, colorful sticky notes, and calculator tapes? If you think about it, the “old way” of preparing tax returns was not that long ago. Change is happening and it’s happening fast. In just 5 years, the tax preparation process has changed a lot. […]

donald trump tax reform

Donald Trump’s Quest to Put H&R Block Out of Business Looking Like a Total Failure

During the presidential campaign, bellowing fast food connoisseur Donald J. Trump said that his tax policy was to “Put H&R Block out of business.” So, how’s that going? Well, last month he said, “We’re going to simplify very greatly the tax code. It’s too complicated. H&R Block probably won’t be too happy,” adding, “Other than […]

H&R Block Will See AICPA’s Sternly-Worded Letters and Raise You a Kitten

In case you missed it because no one really cares, the eggheads over at the AICPA have been engaged in a feud with the pot-stirrers over at H&R Block, presumably because the AICPA thinks more average Joes should engage the services of a large accounting firm to process their 1040s rather than some guy named […]

pwc legal us

Accounting News Roundup: More Litigation Fun for PwC and Tax Reform on Snapchat | 02.24.17

Litigation I’m sure when you’re a mega professional services firm like PwC, things like class-action litigation probably just start to feel normal after awhile. Last week we noted the firm’s pending trial with the bankruptcy trustee of MF Global and now we have this story from BloombergBNA that reports on more fun legal stuff: PricewaterhouseCoopers […]

Tax Resistance Still a Great Way to Get the IRS’s Attention

Maria Lamagna reports in MarketWatch on Ed Hedemann, a 72-year-old independent contractor who hasn’t paid federal income taxes for over 40 years. And yes, he has his reasons: Hedemann, 72, still files tax returns every year, and he doesn’t falsify any information on them, he said, but he’s still had plenty of legal problems as a […]

Australian Tax Lawyer Built an AI Tax Research Assistant That Will Never Get Sick of Your Questions

Say hi to Ailira, everyone, aka “Artificially Intelligent Legal Information Resource Assistant.” She’s here to help with all your tax research needs. Well, in Australia, anyway: Ailira, or “Artificially Intelligent Legal Information Resource Assistant” is so clever at tax that her creator believes she could help prompt the end of human tax agents. And within […]

Accounting News Roundup: Tax Prep With Watson, GE Layoffs and Bribes | 02.02.17

Programming note: There will be no ANR or newsletter tomorrow. More details to come later today. H&R Block and Watson Last year, H&R Block drew the ire of CPAs everywhere with some videos that the AICPA didn’t think were very nice. H&R Block CEO Bill Cobb responded with, “Sorry, not sorry,” and we didn’t hear […]