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.
The IRS has put together its annual selection of advice for members of the military
Bruce Tulgan shares the best ways to keep your young stars
Our favorite firm slogans from around the CPA profession.
Consolidation in the accounting industry has resulted in more accounting firms juggling multiple locations. Maureen Schwartz, executive director of BKR International, provides a top 10 list of challenges as well as guidance for multiple-office practice management.
A step-by-step guide for victims of ID theft (and their advisors)
Philadelphia firm Drucker & Scaccetti creates a warrior mindset
Constant vigilance is the price of fighting online fraud
A WalletHub survey reveals what your clients really think about taxes and more
Greatland Corporation has compiled a list of misconceptions when it comes to tax-reporting requirements. Failing to understand the real truth behind these myths can cost a business extra money to file again or, even worse, to pay steep fines if reporting is not done in compliance with regulations.
The firms with the highest 2015 revenue growth from our Top 100 Firms/Regional Leaders list