Practice management

A New York man has pleaded guilty to leading one of the largest and longest-running tax refund fraud schemes associated with identity theft ever perpetrated in the U.S.

A couple who owned a Hollywood-area movie post-production company have pleaded guilty to fraud and theft charges after admitting to embezzling their employees’ payroll taxes and failing to remit the money to the Internal Revenue Service.

Municipal bonds typically represent an investor’s safest asset or the most conservative component of the overall investment portfolio.

Lateral hiring of partners and leaders by accounting firms from competing accounting firms is on the rise, according to a new study.

By misinterpreting federal law, the Internal Revenue Service has sharply limited the number of erroneous tax refunds and improper tax credit claims on which it can assess penalties, according to a new study.

The U.S. sought court permission to ask Citigroup Inc. and Bank of New York Mellon Corp. for records of U.S. clients of Zuercher Kantonalbank, the biggest of Switzerland’s publicly owned regional banks, to determine whether those people evaded taxes, records show.

The Internal Revenue Service said it is sending letters in November and December to tax preparers suspected of filing inaccurate claims for the Earned Income Tax Credit.

By definition a pacesetter is not following a trend, they are setting an example and this year’s crop of Technology Pacesetters in the field of accounting-related software consulting are representative of where the profession is moving.

While I was working full-time early in my accounting career, I was also picking up clients that I did on the side, also known as moonlighting.

The Internal Revenue Service is reminding tax professionals that they can earn continuing professional education credits online through seminars filmed at the 2013 IRS Nationwide Tax Forums.

A new study examines the likely effects of a change in the U.S. corporate tax system from the current worldwide system to a new hybrid system similar to the territorial systems used by other developed countries and concludes that such a change would increase the repatriation of foreign earnings by U.S. multinational companies.

NetSuite Inc. has officially launched its ERP Consultant Certification Program, which is designed to offer professional services consultants an opportunity to validate their expertise in implementing, integrating and optimizing the product.

CCH has debuted a CCH eBooks app for the Apple iPad to provide tax research on the go to tax practitioners.

Millionaires who avoid payroll taxes by claiming income as business profits are among those in Democrats’ sights as congressional budget negotiators seek a deal by next month.

Instant Tax Service, described by a U.S. judge as the fourth-biggest tax preparation business in the nation, was ordered closed after a court found it engaged in abusive and fraudulent practices.

If you’re an accountant who loses money, and your spouse is a real estate agent who makes money, can you combine your business with your spouse’s in order to calculate self-employment tax?

Check out the digital edition of the November 2013 issue of Accounting Today.

The Internal Revenue Service’s ability to detect identity theft has improved, but billions of dollars were lost to criminals in 2011, according to a new report.

Senators Robert Menendez, D-N.J. and Pat Toomey, R-Pa., have introduced bipartisan legislation to help entrepreneurs start and grow a small business and comply with complex tax rules.

Intuit is now offering to connect small business users working in the new QuickBooks Online with a certified QuickBooks Online ProAdvisor from within the product.