Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 billion assigned to them by the IRS.
The Internal Revenue Service's program for destroying sensitive paper documents needs to be improved after inspectors found many documents easily accessible.
Experts share a handful of new and emerging threats that CPA firms should keep an eye out for.
The market for professional malpractice liability insurance is evolving even as the profession evolves.
Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.
A new IRS revenue procedure is applicable for some research or experimental expenses.