Tax Risk Management Archives

CAMICO Policyholder Alert: IRS Disaster Relief Postponement

April 5, 2023 by Amber

Would Filing an Extension Be Beneficial? March 31, 2023 CAMICO has received numerous inquiries from policyholders regarding the merits of filing an extension as an added protection for both tax professionals and their respective clients in light of the current IRS tax relief guidance for victims of severe winter storms. Although some may not perceive … Read more

Key Steps for Tax Risk Management

January 26, 2023January 25, 2023 by Amber

A Sticky note with the words "Tax Time" on it

CPA liability exposures during tax season are always a concern. However, liability exposures during this tax season are even more exacerbated given the added complexities with increased economic and tax-specific relief measures. As a reminder, here are some actions that practitioners can take to successfully manage risk exposures. Defensive documentation is essential to successfully manage … Read more

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