MSCPA Members Appointed to Tax Policy Commission
Congratulations to MSCPA members Randy Hilger, Nick Myers and Dan White who have been appointed to the Missouri Tax Policy Review Commission established by HB 384.
Reduce Reliance on Reconciliation
There is growing recognition that reconciliation is not a sustainable approach for improving the efficiency of the finance function. CFO.com offers four steps to addressing reconciliation items at the source.
Resolve the Theft of Tax Clients’ Identity
Besides causing untold misery to taxpayers whose identities have been stolen, identity theft requires correcting the taxpayer's account, costing practitioners additional time and expense. The Journal of Accountancy shares tips for dealing with this vexing problem.
Learn about MO Tax Amnesty Program
As authorized by HB 384, Missouri will offer a tax amnesty from Sept. 1 to Nov. 30, 2015. The tax amnesty provides individuals and businesses with a one-time opportunity to pay back taxes that were due prior to Dec. 31, 2014 without having to pay interest or penalties.
Be Aware of these IRA Distribution Rules
If the beneficiary of a deceased owner of an individual retirement account fails to comply with the post-death required minimum distribution rules and the other post-death IRA distribution rules, then the beneficiary can be subject to penalties from the IRS, reminds Accounting Today.