AccountantsWorld Daily News How a Credit is not the Same as a Refund
(Procedurally Taxing) - On April 4, 2018, the Eleventh Circuit ruled in Schuster v. Commissioner that a credit applied to a taxpayerâs account is not the same thing as a refund. This was bad news for the taxpayer. Sometimes the IRS messes up when it applies payments, and mistakenly gives the taxpayer an account credit or a refund that the taxpayer did not deserve.
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Tooth Fairy Inflation: Kids Now Receive Average of $3.25 Per Tooth
(CPA Practice Advisor) - The tradition of the Tooth Fairy has been around since the early 1900s. Whereas some households might place an item like a toothbrush underneath a child's pillow after losing a tooth, the most popular ritual is leaving a monetary gift.
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How a Credit is not the Same as a Refund Netflix Accused of Violating U.S. Tax Law in Bonuses to Top Executives Accounting/Audit
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