Disgorgement by Tax Preparer Denied by U.S. Federal Court

The IRS was handed a huge defeat in federal district court on Tuesday when Judge Anne B. Conway of the Middle District of Florida ruled that the United States had not proved that even $1 of profits (ill-gotten gains) received by a…

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Shocker: Tax Preparation Outfit Named “Mo’ Money Taxes” isn’t Legit

James Maule tells the story of a tax preparation company called Mo’ Money Taxes: One of my readers alerted me to a story of which I had been unaware. It involves a tax return preparation…

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Tax Preparer Goes to Jail

WebCPA reports that a New Jersey tax preparer was sentenced Wednesday to six months in prison for preparing false tax returns for numerous clients that resulted in an estimated tax loss to the federal government of…

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IRS Testing of Preparers to Begin

The Internal Revenue Service is moving into the second phase of its tax preparer regulation initiative by beginning next week to schedule the first competency tests for tax preparers. I used to be in favor of regulation…

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IRS Commish Wants Simpler Tax Code

IRS Commissioner Doug Shulman has come out for tax simplification: Most taxpayers want simplicity. They want to pay what they owe, understand what tax benefits they are entitled to, and not get tripped up by…

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