Roger Russell

One of the efforts states are making to increase their revenue stream is to tighten up their enforcement of worker misclassification.

2014 Buyer's Guide to Malpractice Insurance.

Last tax season evidenced a disturbing development for professional tax preparers, but industry observers are hoping that other factors will mitigate the trend toward do-it-yourself preparation next year.

The Internal Revenue Service has decided not to appeal a district court case which ruled that the agency doesn’t have the authority to regulate return preparers’ contingent fee arrangements for refund claims.

The Tax Court recently upheld a ruling that patent holders must give up control of a transferred patent to treat royalty income from it as capital gains.

The Affordable Care Act and how it will affect the upcoming tax season seems to be clearer, according to Chuck McCabe.

The IRS could improve the way it picks problematic paid preparers for further enforcement actions, according to a recent report.

Jersey Shore’s Michael “The Situation” Sorrentino and his brother Marc are due in court to face an indictment alleging they failed to pay taxes on $8.9 million in income that Michael received from promotional activities, according to U.S. Attorney Paul J. Fishman.

The Fifth Circuit rejected both the Internal Revenue Service and the Tax Court’s valuation of art contained in an estate, finding an estate’s valuation to be supported by the evidence.

CPAs typically collect and store information about their clients which may open them up to liability if any of the information is compromised, according to Rickard Jorgensen, president of Jorgensen & Company.

Six years ago this week, investment bank Lehman Brothers filed for bankruptcy, observed Attorney General Eric Holder at New York University Law School during a speech Wednesday. This marked “the culmination of a period of deregulation, excessive risk-taking, questionable lending practices, and defective underwriting that heralded the worst financial crisis since the Great Depression,” he said.

Sometimes a grandfather knows best, even when the disagreement involves the Internal Revenue Service.

The Eighth Circuit Court of Appeals has affirmed a Tax Court decision disallowing deductions related to a farmhouse.

As we approach the November elections, the end of the year and the beginning of a new tax season, we’re not much clearer on the fate of the provisions that expired at the end of 2013, aka the extenders, that haven’t yet been renewed.

The profession speaks out in favor of cash accounting

The Tax Court has held that the value of an airline ticket received in the redemption of “thank you” award points from a bank must be included in gross income.

While both houses of Congress have addressed the passage of tax extender legislation, it is unlikely that anything will come of their efforts until after the midterm elections. One of the expired provisions that haven’t yet been extended is the R&D, or research, credit. If any provisions do get extended, this is one that will be in whatever package makes it to the President’s desk for his signature.

New guidance for employees in the Appeals division of the IRS goes into effect in the first week of September.

A growing number of management consultancies are being acquired by Big four accounting firms, according to mergers and acquisitions lawyer Stuart Cable.

U.S. businesses paid $671 billion in total state and local taxes in fiscal year 2013, according to an annual study.