The Latest

Sen. Tom Coburn, R-Okla., has released a report highlighting billions of dollars in tax breaks for “special interests.”

Highlights of some of our favorite tax-related blogs from the past week.

The Republican and Democratic leaders of the House Ways and Means Committee have introduced bipartisan legislation to protect taxpayers against the inappropriate use of civil asset forfeitures by the Internal Revenue Service.

Prince Charles has issued a challenge to accountants worldwide to mark the tenth anniversary of his Accounting for Sustainability Project.

According to a new analysis published today by Concur, the leading provider of spend management solutions and services, the third Monday of December has consistently been the busiest expense (claims) day of the year

As year-end approaches, it would be worthwhile for practitioners to consider whether corporate clients could benefit from the following “last minute” tax-saving moves, including adjustments to income to preserve favorable estimated tax rules for 2015, deferral of certain advance payments to next year, and fine-tuning bonuses to make the most of the Section 199 domestic production activities deduction.

The Internal Revenue Service has issued an announcement extending the “deemed compliant” status of countries that are treated as if they had an intergovernmental agreement with the U.S. Treasury Department in place for purposes of the Foreign Account Tax Compliance Act.

According to last year's Hollinden Professional Services Marketing Survey, in which firms are polled as to their active marketing, percentage of time spent on business development, and lead generation tactics, about 80% of firms invest only 5% or less of their gross revenue in marketing themselves.

Brian Austin of Avalara discusses the issues accountants and their clients need to be aware of with sales taxes, including nexus and e-commerce, in an interview with AccountingToday.com editor-in-chief Michael Cohn, at Accounting Today's Growth & Profitability Summit in Boca Raton, Fla.

The Internal Revenue Service issued the 2015 optional standard mileage rates on Wednesday that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.