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IRS Wants Electronic Filing But Is Harsher On Penalties Than With Paper Filers (Forbes) - Magistrate Judge Maria-Elena James ruled that Mr. Spottiswood's penalties for late file and late pay of his 2012 return (0ver $130,000) were not being refunded. Here is the story. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Efforts To Curb Tax Avoidance Offshore Paid Off, To A Degree (TaxProf Blog) - In 2008, the United States government launched a number of enforcement initiatives to rein in its residents' use of secret offshore accounts to avoid their tax liabilities. Through several high-profile lawsuits, the U.S. forced a number of Swiss banks, including UBS... Best Smart Lock for a Keyless Home (TechHive) - The first locks date back more than a thousand years, and while traditional lock-and-key systems have improved over time, the basic mechanism hasnât really changed: Square Root Costing: A Better Method (CFO) - Square root costing is the only costing methodology based on an accurate understanding of complexity costs, say the co-founders of Wilson Perumal. IRS Updates Automatic Accounting Method Change Procedures (JofA) - Any method of accounting a taxpayer adopts must clearly reflect income. Under Sec. 446(e) and Regs. Sec. 1.446-1(e)(2)(i), unless otherwise provided, a taxpayer must secure the IRSâs consent before changing its accounting method. Taxation Accounting/Audit |  TOP 5 MOST READ
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