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From the blog

Tax Preparers Defeat IRS in Appeals Court Ruling

The D.C. Circuit Court of Appeals ruled Tuesday that the IRS had no legal authority to impose a nationwide licensing scheme on tax return preparers that would have required testing and continuing education as Registered Tax Return Preparers. The decision affirms a January 2013 ruling by U.S. District Court Judge James E. Boasberg, which struck down the IRS’s new regulations as unlawful (see Court Rules IRS Doesn’t Have the Authority to Regulate Tax Preparers. In the case, known as Loving[…]

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Accounting Today: Obama Plans ‘MyRA’ Retirement Savings Accounts

President Obama introduced a new retirement savings vehicle that he called a “MyRA” in his State of the Union address on Tuesday evening, and the White House has followed up with more details on Wednesday about it. “Let’s do more to help Americans save for retirement,” said Obama. “Today, most workers don’t have a pension. A Social Security check often isn’t enough on its own. And while the stock market has doubled over the last five years, that doesn’t help[…]

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Businessweek: The IRS Just Won a Tuition-Deduction Case Against an MBA. Are You Next?

Last week, the U.S. Tax Court ruled that a Rollins College MBA named Adam Hart owes the U.S. Internal Revenue Service more than $2,500 in back taxes after he improperly deducted more than $17,000 in tuition expenses from his 2009 tax return. Accountants says that it’s unusual for the IRS to challenge tuition deductions. Still, if you’re an MBA thinking about getting creative with your taxes, you’ll want to take note of a case that could embolden the IRS to[…]

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WXXI News: Tax Refund Theft on the Rise

I spoke with WXXI News about tax refund theft and how it’s being done. “Tax preparer David Young, CPA, says thieves obtain a taxpayer’s social security number and birth date, and then create a false W-2 form to claim a refund.  The taxpayer doesn’t learn about the crime until he or she files their tax return and gets a notice from the IRS that someone has already filed under that name and social security number.” READ THE FULL ARTICLE HERE

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WCEO Radio Interview

Today, I spoke with WCEO Radio about the changes in the tax code, the fallout from the fiscal cliff, and the upcoming effects of the Affordable Care Act. I also share about my time serving our country, being stationed in Haiti, and the mission we created there that led to the adoption of our son. emergency cash loans unlimited Listen to the podcast HERE

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