• Reprinted with permission. Credit: Bob Jennings, CPA – TaxSpeaker.com The last several weeks have seen identity theft and security issues become bigger news than politics and North Korea. The hacking of Equifax, combined with the fines assessed on TaxSlayer for failing to comply with privacy protection laws and the IRS’ new focus on tax preparer office security risks has led…

    20 Sep
    20 Sep
  • Directions to all seminars can always be found on the individual seminar pages as well as below.  (Download in PDF format here) Rose State Professional Training Center  – Click on the name of the venue or map for directions on Google Maps 1720 Hudiburg Dr., Midwest City 73110 Phone: 405-733-7488 Seminars being held at this venue: Compilations 8/8/17; Social Security and Medicare 8/9/17;…

    23 Jul
    23 Jul
  • We have a brand new court case on an egregious IRS audit that we will discuss below, but first let’s review some of the rules on audits. Most of us are aware that the IRS may audit a return for up to three years from the actual filing date of a tax return or the due date of the return,…

    12 Jul
    12 Jul
  • In TC Summ. Op. 2017-31 (Nielsen) the taxpayer allocated 100% of the purchase price of several rental properties in California to the buildings and nothing to land in their self-prepared returns. The court re-allocated based on property tax appraisals. Not only did these brilliant folks self-prepare but they self-represented in Tax Court, the results of both are self-evident. We are…

    28 Jun
    28 Jun
  • Uncertainty in Washington regarding tax and health care bills continues as in prior years. Individuals and businesses are unsure of future moves and are asking their tax professionals what to do for the remainder of 2017 and for 2018. Based on our reading material, research, and totally unscientific analyses of what is to come, here are some positive planning moves…

    28 Jun
    28 Jun
  • Late in 2015, new accounting rules came into effect that changed every financial statement issued by accountants in 2016 and the future. This new guidance, known as SSARS 21 changed every report letter and every engagement letter in existence prior to 2016. When the new rules were first released, there were several obvious omissions, and several clarifications needed. In late…

    26 Jun
    26 Jun
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