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Accounting Software - Emil Estafanous, CPA : Emil Estafanous, CPA

Accounting Software

Businesses frequently use “off a rack” accounting module to say correct “books and records” – these embody annals involving income, expenses, resources and other impending information.

If a association is after comparison by a IRS for examination, the whole electronic record contingency mostly be incited over, even yet it might enclose information that is either from taxation years separate to a years underneath hearing or not routinely deliberate partial of a firm’s “books and records.”

The AICPA met with comparison IRS officials and accounting module developers to inspire them to find ways to minimize a volume of unconnected information that tiny businesses contingency spin over when a business’ accounting module record is requested as partial of an IRS examination. The AICPA has emphasized a need for a module developers to cruise creation modifications to their accounting module products to make it easier for tiny businesses to yield usually information that is impending to an IRS examination.  

As a outcome of a discourse between a AICPA and a IRS about a need for clearer superintendence about a program, a IRS revised its Frequently Asked Questions about a hearing module and supposing clearer superintendence to a margin examiners. Software vendors are deliberation modifications to their module to lessen problems for taxpayers. We will continue to work with a IRS and module developers to residence this issue. 


The AICPA has worked to strengthen a electronic annals of tiny businesses that could enclose private information about clients that is separate to a taxation lapse underneath examination.  Below are links to criticism letters and an essay describing a advocacy on this issue.   

  • AICPA Requests Dialogue with a IRS
  • IRS Responds to AICPA’s Comments on Accounting Software 
  • AICPA Continues to Push to Reduce Data That Small Businesses Must Turn Over 

Additional Resources

Below are links to resources that can assistance you, including FAQs grown by a IRS and a justice preference that outlines IRS’ management in this area.

About Emil Estafanous, CPA
Certified Public Accountant (CPA) Tax Professional committed in representing taxpayers and resolving their tax problems.

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