Dale Pettit

Dale Pettit is the Director of Services for ONESOURCE Tax Information Reporting at Thomson Reuters. He started with the company in 1985 and for the first several years worked in the Estates & Trusts areas focusing on product development, tax research, product management and then support management. In 2004, Dale's role as Support Director was subsequently expanded to include management of the newly formed Tax Information Reporting (1099) Services group. As the 1099 services area has grown over the years, it has become his primary area of focus. Prior to joining Thomson Reuters, he worked in the Trust Tax Department of an Illinois bank and in the Tax Department of a large local Springfield, Illinois CPA firm. Dale earned his CPA certificate along with a BA degree in Accountancy (from the University of Illinois at Springfield) in 1984.

Back to Blog

IRS Electronic Tax Administration Advisory Committee Report – 2012

Early this summer, the Electronic Tax Administration Advisory Committee (ETAAC) presented its 2012 Annual Report to Congress. The report discusses prior year recommendations and milestones before stressing significant inefficiencies caused by late legislation (often retroactive to the beginning of the year). There is not only a negative impact on tax compliance and e-filing administration, but also … Read More


FinCEN Announcement: Electronic Filing of Form 8300

On September 19, FinCEN announced that businesses may now electronically file Form 8300 using the BSA e-filing system. Businesses must file Form 8300 when they receive over $10,000 cash in one transaction, or in two or more related transactions. The filing is due in 15 days after the cash is received. Paper filings of Form 8300 … Read More

Form 8938 Guidance Issued

In December 2011, the IRS released the new Form 8938 used to report specified foreign financial assets. The form was released in response to the temporary regulations issued for IRC 6038D, as part of the larger crackdown on taxpayers with under reported foreign assets. The new form is filed with the taxpayer’s individual return if their specified … Read More


The Tax Gap – IRS Oversight Board’s Annual Report (June 2012)

The IRS Oversight Board issued its annual report to Congress for 2011 in June (posted June 5, 2012). The report notes that the estimated net tax gap grew nearly $100 billion from 2001 (when the gap was last estimated) to 2006. Of particular interest is the Board’s assessment of the tax gap and IRS’ efforts to … Read More