Can I just toss old documents in my basement? We asked accountants.

As you ransacked your basement in search of holiday decorations, perhaps you came upon boxes of documents from the last ...
The Tax Adviser

Preparer’s intent to evade tax extends taxpayer’s limitation period

Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...
The Tax Adviser

Applying updated ASC Topic 740 requirements for the income tax footnote

In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...