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Isaac M. O'Bannon

Managing Editor

isaac.obannon@cpapracticeadvisor.com

Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies. Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran. Email: isaac.obannon - @ - cpapracticeadvisor.com

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Accounting

CPA Practice Advisor's Thought Leader Symposium Receives Honor

CPA Practice Advisor received an Honorable Mention for the event as a finalist in the Best Conference Category of Folio & Min's FAME Awards held last week in New York.

Income Tax

Income Tax Refund Fraud Cases Growing

A rundown of the most recent and notable tax fraud cases.

IRS

After losing match, UFC fighter says he's never paid taxes

An athlete holding a media briefing after being beaten may be chalked up as a sign of a poor loser, but admitting on national television to avoiding the IRS?

Income Tax

IRS deputizes local police and sheriff officers in Florida to help fight tax fraud

The Internal Revenue Service has deputized law enforcement officers from 10 Tampa Bay-area agencies as a part of the Tampa Bay Identity Theft Alliance, which investigates allegations under federal bank and money laundering laws and exercise authority outside their current jurisdictions as local officers.

Bye, Bye Google Reader. No more RSS from world's largest search engine

Google will be closing its Google Reader RSS service on July 1.

Income Tax

H&R Block software glitch could delay 600,000 income tax refunds

A glitch in the software that H&R Block and some other preparation services use could cause those with education tax credits to have a longer wait on their refunds.

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Automation

A new twist on sales taxes: Are in-game purchases like "powerups" a transaction? Yes. Will they be taxed is a different question

Are in-game sales taxable transactions? In essence, the user/gamer is trading real money for a digital product. While that product may not exist outside of the game, it is a transaction that has value. In fact, it's a billion dollar industry, and one that has gone untaxed even by states and other jurisdictions that likely already have the legal authority to tax the transactions.

Accounting

New online directory connects users with listings of accounting and tax professionals around the world

Looking for a tax professional who knows the tax law in your area?

Benefits

Tips on deducting medical and dental expenses, Retirement savings tax credits

Taxpayers who want to deduct their medical or dental expenses on their income taxes need to understand some of the basic requirements for the deductions. The same goes with those who may be saving for retirement via specific plans and IRAs.

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IRS

Marriage, Divorce and Taxes: Those with a name change in 2012 face extra challenges with IRS

Whether for marriage or another reason, it may be an issue mostly faced by women, but some men do it too: Changing their last name.

Accounting

Employee fraud can cripple a small business: How to limit damages

How much does can a thieving employee cost a business? According to the Association of Certified Fraud Examiners (ACFE), the average financial loss for one instance of employee fraud is $140,000, and 40 to 50 percent of victimized companies don't recover any of their losses.

Accounting

President of national small business association urges politicians to act on federal deficit

The president and CEO of the National Small Business Association, NSBA President, Todd McCracken, wants Congress to set aside partisan differences and get back to the work they were elected to do: Addressing the national debt.