Practice management

The American Institute of CPAs has sent congressional leaders a set of legislative proposals for reforming the civil tax penalty provisions of the Tax Code, arguing that some penalties are disproportionately severe and punish innocent conduct.

After initially filing a lawsuit against the Internal Revenue Service, the advocacy group Citizens for Responsibility and Ethics in Washington filed a rulemaking petition with the agency asking the IRS to revise its existing regulations to eliminate a loophole that allows certain tax-exempt groups to engage in substantial political activity while keeping the identities of their donors secret.

Two New Jersey tax preparers have pleaded guilty to preparing false tax returns.

Changes to the tax laws at the beginning of the year resulted in a delayed tax season in which the average tax refund declined slightly, according to a new government report.

Faye Business Systems Group(FayeBSG) has started a reseller program that offers other SugarCRM partners the opportunity to provide services, integrationd and customizations that they may previously have not been able to offer.

Several tax preparers in New York City and Long Island have been arrested and prosecuted after investigations into the filing of false state and federal income tax returns.

Freed Maxick CPAs has expanded its technology consulting practice, offering a new PCI data security service line for clients who are required to be compliant with the security standard.

As tax season winds down, it may be hard to think about work beyond the imminent and deserved time off, but there are points you can raise with clients to keep them coming to you for the rest of the year, too.

New documents from the Internal Revenue Service suggest the agency’s criminal tax division has been reading taxpayers emails without a warrant despite an appeals court decision saying that violates the Fourth Amendment.

Owning your own business is about doing the one thing you love to do, and 99 other things you dislike but must do, according to Roger Harris, president and chief operating officer of Padgett Business Services.

A group representing charitable organizations said it is concerned about a proposed cap to the charitable tax deduction included in President Obama's budget plan.

President Barack Obama formally unveiled the administration’s fiscal 2014 budget on Wednesday with some familiar proposals for tax reform, along with key concessions on entitlement reform.

KPMG has formed a strategic alliance with cloud-based spend optimization product maker Coupa Software to helping clients transform their approach to procurement to improve savings.

In the midst of busy season, Philadelphia-based tax accountants Drucker & Scaccetti are taking a moment to enjoy the lighter side of taxes -- by hosting a special exhibit of great cartoons about taxes.

The Internal Revenue Service is planning an 18 percent reduction in its audits of large businesses in the current fiscal year, according to a new report.

The Internal Revenue has not established effective processes to ensure that its Privacy Impact Assessments are completed in a timely way, and are updated and made publicly available, with privacy policies posted on public Web sites for all required systems and collections of information, according to a new government report.

Choosing my new running shoes was easy. Why? Helpful online insight, way beyond catalog details of size and price, guided me to the best decision. It showed the colors available, side-by-side price comparisons and helpful reviews from others— the perfect combination of status, context and impact.

The U.S. Senate confirmed Mary Jo White to lead the Securities and Exchange Commission, putting the former U.S. attorney in charge of an agency that has failed to satisfy critics with its response to the financial crisis.

The Internal Revenue Service has released a draft version of the form that financial institutions will use to register in accordance with the Foreign Account Tax Compliance Act, or FATCA.

The union representing Internal Revenue Service employees is warning that budget cuts will hamper IRS efforts to combat identity theft and assist taxpayers.