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Five Key IRS Rules On How Lawsuit Settlements Are Taxed (Forbes) - Many plaintiffs win or settle a lawsuit and are surprised they have to pay taxes. Some don't realize it until tax time the following year when IRS Forms 1099 arrive in the mail. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Taxpayer First Act Modernizes IRS and Adds Whistleblower Protections (CPA Practice Advisor) - The Act closes a devastating loophole in corporate whistleblower protections, includes significant reforms to the IRS whistleblower reward law, and expands safeguards addressing the types of ID theft that have plagued taxpayers in recent years. How Firms of Any Size Can Innovate (JofA) - We live in a climate of constant business innovation. The exponential rise of technology creates an environment where there is a premium on finding new and better ways of doing things. Trump Signs New Law To Protect Innocent Small Business Owners From IRS Seizures (Forbes) - For the first time in nearly 20 years, Congress has reined in civil forfeiture, which lets the federal government permanently confiscate property without ever filing criminal charges. What the Data Says About Automating Compliance (Accounting Web) - Now that we have set some important parameters for automating compliance work, letâs get down to business. What are the actual results of using technology in a compliance-based firm? Taxation |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Top 10 Reasons Accountants Are Cooler than you Think   |