A change in IRS procedures are raising the alarm for many, warning of the risks that could arise from the outsourcing of debt collection. Get a rundown of the new regulations that could allow for collection agencies working for the IRS to begin making phone calls…
Tag: internal revenue servies
IRS Changing Up Procedures For Changing Accounting Method
New IRS reporting rules will be taking affect for many businesses around the country, the proposal is slotted to begin at the end of this year.
“The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new revenue recognition standard…” [ Read more here ]