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How Does the IRS Decide Who to Audit? (Accounting Web) - All returns, whether filed early or late, go through the IRSâs ever-vigilant computers that scan them for arithmetic errors and single out returns for audit on the basis of a top-secret scoring system. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Improving IRS Practitioner Services (JofA) - Currently, the first point of contact for practitioners looking to obtain help for their clients is the IRS's Practitioner Priority Service (PPS) phone line at 866-860-4259. 3 Reasons CPAs Should Care about Blockchain (Accounting Today) - Peopleâs perspectives on blockchain usually fall into two categories: You believe the technology will change everything, or you believe itâs a passing fad. The reality is probably somewhere in the middle. How Did Tesla Report a Surprise Profit? Warranty Accounting Helped (Barron's) - Teslaâs surprise profitânews that triggered a two-day gain of almost 29% for the stock this monthâwasnât as good as it looked, a securities filing indicates. U.S. Consumer Spending, Jobless Claims Signal Caution on Economy (Bloomberg) - The Fedâs preferred inflation gauge matches the slowest since 2016. Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Making Fiends   |