The Internal Revenue Service is strengthening defenses for e-services accounts next month. The IRS has a target date of October 24 for instituting a stronger identity verification process for existing and new e-services users with users needing to revalidate identities to maintain access to accounts.
Wolters Kluwer Tax and Accounting has introduced CCH ProSystem fx for Small Firms. The company describes the product as a bundle of ProSystem modules for small firms who prepare simple and complex tax returns and offer year-round services. The introduction gives it three tax preparation applications that address the small firm market.
E&Y has agreed to pay $9.3 million in monetary sanctions in a case in which the two formers audit partners maintained improperly close relationships with individuals at client companies. One had a close friendship with the CFO of a firm he was auditing and another partner on an engagement team for the audit of another company was romantically involved with the business' chief accounting officer.
A former tax preparer in New Orleans, LA., has been sentenced to 36 months in prison for stealing refunds intended for others. The former preparer, Donald Stewart, 60, had previously pleaded guilty to one count of theft of public funds and one count of aggravated identity theft involved in his receiving $539,393 in federal income tax refunds intended for others.
Software veteran Julie Lubetkin has joined sales tax vendor Avalara as VP of marketing, channels and partnership. Lubetkin, who joined Seattle, Wash.-based Avalara, held a position with the same title at Bill.com from 2013 through 2016.
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About the Author: Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind |
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