Tax Stats: June 2012
Our monthly collection of statistics from the world of tax
Our second tax stat for June shows why so much effort at the IRS is going into automated systems -- they bring in more money.
Systems, it seems, are more efficient than people: IRS field audits yield by far the lowest ROI. So it's a good thing the service did only 525,000 of them (for 1040s only), compared to 1.2 million mail audits, and 4.7 million CP 2000 notices.
Automated matching systems at the IRS send out millions of notices of underpayment to taxpayers, and add $6.5 billion annually to the U.S. Treasury -- but they're not as scary as they seem: Fully a third of notices result in no additional tax.
Tax pros weigh in on who they most hate to see walk in the door
Things you never hear in accounting
Don’t expect to find these rarely seen accounting movies on Netflix or TCM. They never won more than a cult following, much less an Academy Award, perhaps because of an unfortunate resemblance to previous Oscar winners.
Grant Thornton LLP offers 10 tax tips for the end of calendar year 2015.
The CAQ highlights nine areas auditors will want to pay particular attention to in the next audit cycle
Finding qualified candidates is one of the main problems facing the accounting profession today, according to a recent survey by the AICPA. Tom Gimbel, founder and CEO of LaSalle Network, a staffing and recruiting firm based in Chicago, has seven tips to ensure firms identify the strongest candidates.
The fourth edition of our annual report highlights eight outstanding accounting firm leaders.
Provisions that are likely to be passed – however late
A slideshow of education-related tax opportunities
Tips for improving your “online reception area”