Prime numbers; Power play; Great White sharks; and other highlights of recent tax cases.
Day: December 26, 2024
Private debt collectors recovered fraction of tax debts
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.
IRS left sensitive paper documents exposed before destroying them
The Internal Revenue Service’s program for destroying sensitive paper documents needs to be improved after inspectors found many documents easily accessible.
Liability insurance for accountants: Extra risks
Experts share a handful of new and emerging threats that CPA firms should keep an eye out for.
Shielding your firm: Buying liability insurance
The market for professional malpractice liability insurance is evolving even as the profession evolves.