Practice management

As tax reform efforts resume in Washington this month, a new survey finds that over 70 percent of business tax professionals believe a detailed tax reform plan will begin to be worked on by the House Ways and Means Committee this year, and nearly 50 percent of the respondents think a tax reform plan will be put forward in the Senate.

A former Internal Revenue Service manager has been sentenced to a year in prison after she was convicted of accessing IRS computers on behalf of a tax business that she operated on the side.

U.S. Wealth Management CEO John Napolitano talks with Accounting Today editor-in-chief Daniel Hood about how accounting firms can build their financial planning practices and become successful at offering some nontraditional services to clients.

Rahn & Bodmer Co., the Swiss private bank established by silk traders in 1750, said it’s cooperating with a U.S. Department of Justice probe into cross-border accounts of American clients.

As an accountant, I have a question for you. How many of your clients own their own captive insurance company?

Between October 2011 and September 2012, the Internal Revenue Service investigated 13 complaints of IRS personnel who directly contacted taxpayers instead of going through their designated representatives, but IRS managers disciplined or counseled only two of the employees because of their actions.

The Congressional Budget Office is seeing a $400 billion reduction in the federal government’s budget deficit for the current fiscal year, thanks to increased tax revenues due largely to the expiration of the payroll tax cut.

Awareness of the implications of the Foreign Account Tax Compliance Act, also known as FATCA, is growing.

John Koskinen, nominated to become the next Internal Revenue Service commissioner, has a net worth between $7.1 million and $27.4 million, according to a financial disclosure released by the Obama administration.

The Group of 20 world leaders issued a declaration last week calling for a crackdown on cross-border tax evasion.

A new program allowing Swiss banks to cooperate with U.S. tax authorities means that the days of U.S. citizens successfully keeping their numbered Swiss bank accounts hidden from the prying eyes of the IRS could be coming to an end.

The leaders of Congress’s two tax-writing committees have continued their tax reform road show tour with a stop in Memphis, Tenn.

Cloud-based business analytics tool maker Adaptive Planning announced the release of its Fall 2013 product, which includes, among other things, new unified financial and operational analytics features.

The Internal Revenue Service needs to strengthen its correspondence audit selection process by auditing more of the prior- and subsequent-year tax returns of noncompliant income tax filers, according to a new government report.

The Treasury Department and the Internal Revenue Service have issued proposed regulations to implement the information reporting requirements for insurers and certain employers under the Affordable Care Act.

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

The Internal Revenue Service on Friday released to the House Ways and Means Committee another video spoof to add to their infamous collection, a parody of Donald Trump’s “The Apprentice.”

I am choosing this week to focus on yet another warrior in the growing cloud accounting battle that you may or may not have heard of, but after attending its first U.S. partner conference I have a better sense of who Xero is and what challenges they have in the U.S. market.

The Supreme Court’s recent DOMA decision raised a number of questions regarding its tax implications.

As a business grows, tax issues become more complex and absolutely critical. Growing companies cannot get tied down and caught up by tax penalties that could have been avoided with simple due diligence.