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NATP webinar instructor Amy Wall, EA, MBA, explains the details of the upcoming webinar Completing Form 3115 - Changing Accounting Methods and who would benefit from attending. Register: https://bit.ly/3v6VpjR (live event on Oct. 26 and 27, 2021) https://bit.ly/3azHIjW (on demand event available November 2021) Summary The Coronavirus Aid, Relief, and Economic Security (CARES) Act retroactively designated qualified improvement property (QIP) as 15-year property, which also made it eligible for bo

Beware of Internal Revenue Scams this tax season A victim recently reported to WCSO they were contacted by a male who claimed to work for Discover Credit card. The scammer said the victim needed to withdrawal cash and deposit it into a bitcoin machine to avoid Internal Revenue Service (IRS) fines and taxes. One red flag the victim noticed was that the call disconnected several times during her conversations with the scammer. In the end, the victim was defrauded out of $2,000. Tax season is almos