In his last year on the job, William Cobb, the recently retired CEO of H&R Block saw a 22.6-percent rise in compensation. Cobb, who left on July 31, was given slightly more than $8 million for the year ended April 30, up from $6.6 million the year before. The company reported its executive pay for fiscal 2017 to the SEC recently, with a list that is rapidly changing.
A phishing email scam is targeting tax professionals by purporting to be from tax software companies. Messages in the latest the phishing attack contain subject line of "Software Support Update" and highlights the topic as "Important Software System Upgrade".
A Louisiana preparer has pleaded guilty to four counts of preparing fraudulent tax returns. Shawanda Nevers, 49, pleaded guilty to filing bogus returns between 2011 and 2016 even though a court banned her from preparing federal returns in 2014. She owes the Internal Revenue Service almost $7 million.
Wolters Kluwer says its CCH Axcess line is seeing accelerating growth. The company made the statement this week as it released financial results for the half ended June 30. CEO Nancy McKinstry said during an earnings webcast that the "cloud is beginning to have more impact on our growth" and singled out Axcess Tax for delivering a 50-percent increase in users over the prior year.
The Internal Revenue Service Office of Appeals expects to begin testing a web-based virtual conference option next week. The web option is designed for taxpayers and their representatives who are not located near an IRS Appeals office.
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