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Bob Scott

Bob Scott

IRS: Destroyed Docs Won’t Hurt Preparers

Fire matchThe Internal Revenue Service says the destruction of 30 million paper information returns will not impact taxpayers or preparers. The IRS has been heavily criticized this month for the destruction of the returns, mainly Form 1099s, which the agency blamed on aging technology.

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Xero N. American Subs Rise 19.9 Percent

Dollar sign Xero’s subscriptions in North America increased by 19.9 percent for the year ended March 31. The company this month also noted revenue on the continent rose 28 percent year-over-year, 31 percent in constant currency.

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Preparer Gets 5 Years in Return Fraud

Prison BarsA Salem, Mass.-based tax preparer, who sought multiple government loans, has drawn five years in prison this month. Roosevelt Fernandez, had pled guilty to two counts of wire fraud and one count of aggravated id entity theft.

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