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Lesson From The Tax Court: The Long Tail of Offers in Compromise and Installment Agreements (TaxProf Blog) - Tax practitioners often work hard to get their clients into some kind of Offer In Compromise (OIC) or Installment Agreement (IA) with the IRS. Those are the dogs. But a successful IA or OIC involves more than just making timely payments on the deals. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES IRS Warns of Higher Penalties for Filing after June 14 (Accounting Today) - The Internal Revenue Service issued a warning Friday to taxpayers who havenât yet filed their 2018 tax returns that they will face higher tax penalties if they owe taxes and havenât filed by June 14. Using Ratio Analysis to Manage Not-for-Profit Organizations (CPA Journal) - Thousands of CPAs work in the not-for-profit sector, and thousands more volunteer as members of the governing boards of not-for-profit organizations. There is little in the academic background or experience of many accountants, however, to prepare them to analyze and evaluate not-for-profits. 9 Voice-Recorder Apps That Won't Miss a Second (PC Mag) - Why carry a separate voice recorder when you have a number of options in the palm of your hand? From basic to full-featured, these apps are sound choices. U.K. Economy Shrinks as Factory Output Falls Most Since 2002 (Bloomberg) - U.K. manufacturing output fell the most in almost 17 years in April as the boost from Brexit stockpiling evaporated and car producers went ahead with planned shutdowns. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  How Aladdin Should Have Ended   |