IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
NE - Department reminds taxpayers of form due dates, e-filing The Nebraska Department of Revenue is reminding taxpayers that
copies of 2011 state income tax Forms W-2, W-2G, 1099-MISC, and
1099-R and the Nebraska reconciliation Form W-3N are ...
Everyone at FALCO is excited to share that Misty Townsend passed the CPA Exam and has received her license to practice as a certified public accountant (CPA) in Nebraska. The rigorous exam represents 14 hours of testing in 4 areas: auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. Misty also had to fulfill education and experience requirements in addition to passing all four parts of the exam.
Misty joined the FALCO team in 2010 with a Masters of Professional Accounting from the University of Nebraska, Lincoln, and is now one of 10 CPAs on our team, with over 200 years of combined tax, accounting and business experience.
Fred A. Lockwood & Co., P.C. has joined the BDO Seidman Alliance, a nationwide association of independently owned local and regional CPA firms and businesses sharing a dedication to exemplary client service.read more...
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