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How Tax Pros Can Protect Clients from Tax Data Theft (CPA Practice Advisor) - With data breaches making big headlines, the IRS reminds tax professionals that if they experience a breach or theft of taxpayer data they should immediately contact the IRS to help protect clients. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES The Importance of Audit Planning (JofA) - What is the purpose of audit planning if the audit may not ultimately follow the carefully thought out plan? As may be inferred from Dwight D. Eisenhower's wordsâ"Plans are worthless, but planning is everything"... What A Tax Professional Would Like To See Out Of Tax Reform (Forbes) - The complexity in the Tax Code leads to lesser compliance with the law. For example, take gambling. Amateur gamblers are supposed to separate out their winning sessions.... An Emotionally Distressing Lesson From The Tax Court (TaxProf Blog) - Last week, in the Summary Opinion of Collins v. Commissioner, the Tax Court agreed with the Service that a taxpayer could not exclude $85,000 under section 104(a)(2) for payments received for "emotional distress" ... Gasoline Prices Slowly Falling with Bigger Drops Ahead (Chron) - Fuel prices are continuing to slowly fall in the aftermath of hurricanes Harvey and Irma, but the bigger dips in gasoline costs are expected in the days and weeks ahead. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  The IT Department   |