Internal Revenue Service

dilemma regarding her own values and goals as reporting RLM’s collusion to State board will impact her ambition of completing CPA. She felt a fiduciary duty to protect the Club assets and the employees from losing their jobs. Reporting to the Internal Revenue Service will put her in a lonely path with adverse impact on her career and put an additional burden on her finances. The Club is characterized by an independence climate where systems stifle the development of caring and foster behaviours…

Have you ever needed something, but did not have the transportation or it was too far away? This is a question that most can relate to in some way. Growing up in a small town this is something that was often faced and the commute to the “big city” was sometimes a daunting thought. The hour or more drive, terrible traffic and the crazy drivers, but it is what had to be done to go to the movies, Home Depot, the Pediatrician, OB/GYN and Chili’s. While some may not be able to comprehend the idea of…

becoming a top official in the corporate accounting world is more accessible to them. Being able to customize my career is essential to me because it allows me to love what I do. So regardless if I want to be an accountant in a toy company or a car company the opportunity will be there for me. The work public accountants take on is industry specific, it also depends on the company you are working for. Different companies have different standards, and your work will be based off of these…

these past 6 years. • Operation Fast and Furious • Benghazi • Bowe Bergdahl and the Five Taliban Trade • Obamacare • Secret Service Sex Scandal • Downplay of ISIS • Associated Press Scandal • NSA Scandal These are but a few of the questionable acts from a very long list. One scandal in particular, is enough to raise a few hairs on your neck. That is the Internal Revenue Service scandal. Caution, if you value your right to privacy, read on. What was the IRS Scandal? The IRS scandal targeted…

by floating checks and forgery. An employee of Ahi Corporation has suggested a scheme to utilize the postal system for receiving interest income while the check is in the mail. The plan is an attempt to increase the time to mail to the Internal Revenue Service (IRS) and for them to receive and cash the check. The focus of the research is on the accountant’s recommendation concerning…

requirements necessary to represent these individuals are involved with representing taxpayers before the IRS. For example, they cannot be suspended or disbarred to practice law before the Internal Revenue Service. If the individuals acquire the credentials needed to fulfill the requirements outlined by the Internal Revenue Service only then will they be eligible to practice before the IRS. Under circular 230 the individuals approved to prepare the tax returns and provide tax advice are…

If you live in the United States you are most likely aware that the state of Colorado has legalized growing, selling and consuming Marijuana. But what you might not know is that the marijuana industry has been blocked out of the banking industry. The reason these banks will not take the marijuana industry’s money is because it is still federally illegal to do anything with marijuana and the banks fear being raided or shut down by the DEA or Drug Enforcement Agency due taking “drug money”. This…

Treasury Regulation 9501 In regards to the Social Security number requirement TD 9501(2)(a) says, that that the IRS will establish a process to obtain a PTIN number for tax return preparers who do not have a SSN. Additionally, It says that the final regulations apply to all tax return preparers regardless of U.S. citizenship or foreign citizenship or residency. These words, “regardless of citizenship or residency,” mean all people regardless of citizenship or immigration status. The IRS…

In 1971, the United States Congress enacted the Section 7216 (§7216) of the Internal Revenue Code (IRC) (IRS, 2015). This provision served to prohibit unlawful disclose of tax return information by tax preparers (IRS, 2015). The purpose of this paper is to use the information provided in §7216 in concordance with the case of John Jones, CPA, to determine if confidentiality has been broken and is punishable by law. This paper will begin with a brief discussion of the statutes laid out in IRC…

The city of Chicago, Illinois has a long standing reputation of bribery and corruption throughout elected and non-elected officials in government positions and business agreements involving said officials. The government powers and even the local police forces all took place in bribery and secret agendas and agreements, especially in the 1970’s and 1980’s. Men like Peter V. Pappas lead the corruption in the cement industry while others were involved in everything from property tax fraud and…