10 Stories That Shaped the Profession in 2012
Our editors' picks for the 10 biggest stories in public accounting in 2012
10. A Rocky Start
Congressional inaction led to a delayed start to filing season as the IRS worked to implement late changes to the law. Then the IRS itself ran into problems, as some of the anti-fraud measures it had implemented led to bottlenecks in the refund process. The slowdowns were eventually ironed out, but it was a bad way to kick off the year, particularly since tax-related identity theft and fraud remain a major issue.