Practice management

President Barack Obama said he will nominate John Koskinen, former chairman of Freddie Mac, as the next Internal Revenue Service commissioner.

Vulnerabilities at the Internal Revenue Service could allow for improper or fraudulent claims for bond tax credits, according to a new government report.

The IRS has released TD 9625, final regs regarding the exception to the deduction limits on reimbursement or other expense allowance arrangements.

Social media is all about powerful communication tools

Tax identity theft has grown exponentially over the past several years. Identity theft has topped the Internal Revenue Service's "Dirty Dozen" annual list of tax scams for both 2012 and 2013, and also appeared on the list in 2011. According to the National Taxpayer Advocate Service, identity theft grew by more than 650 percent between fiscal years 2008 and 2012.

This Kentucky firm leads the way in serving the horse business

Partners may leave, but business shouldn't

In the first part of a two-part series, we look at the value of joining an international firm network or association

A roundup of tax news from the previous month

The Taxpayer Advocate says the problem isn't what you think

I don’t know about you, but there’s nothing like blistering 90-degree days with high humidity and quick-forming violent afternoon thunderstorms to get your adrenaline going. Or going in the wrong direction.

Self-described conservative and Tea Party groups seeking tax-exempt status were asked more questions by the Internal Revenue Service and had longer delays than progressive organizations, according to an analysis by the House Ways and Means Committee.

Liechtensteinische Landesbank AG, a bank based in Vaduz, Liechtenstein, has agreed to pay more than $23.8 million to the United States and entered into a non-prosecution agreement with the U.S. Attorney’s Office for the Southern District of New York under which it produced account files of more than 200 noncompliant U.S. taxpayers.

These days you’re not likely to pick up an accounting publication or surf the blogosphere without coming across an article on portals, or more specifically, client portals for file sharing.

President Barack Obama, prodding Congress to consider fresh economic proposals after two years of gridlock, called for restructuring business taxes so long as the initial revenue generated goes toward job creation.

Even IRS agents can make simple mistakes in business, such as violating the old adage to “put it in writing.” Even so, the Tax Court in a recent case believed the IRS agent’s testimony regarding an oral contract she had with her mother-in-law.

The leaders of Congress’s two main tax committees continued their tax reform road show tour with a stop at a New Jersey small business that makes kitchen appliances.

Better oversight of IRS revenue officers who are assigned to collect overdue taxes is needed to ensure their actions are completed on a timely basis, according to a new government report.

Whether it’s locked in audit and tax preparation systems, time and billing records, or lying dormant in individual Excel files, there’s a huge amount of value in data residing in CPA firms’ information systems simply waiting to be mined and turned into profitability and growth.

A longtime Internal Revenue Service employee was indicted on charges of laundering the proceeds of marijuana sales.