Practice management

Bank of New York Mellon Corp. was prohibited by the U.S. Tax Court from claiming $199 million of foreign tax credits generated in a transaction arranged by Barclays Bank Plc and KPMG LLP.

The Internal Revenue Service is cautioning tax preparers about delays in processing tax returns claiming the Child Tax Credit because of incorrectly filled out forms.

A pair of influential Senate Democrats have introduced legislation aimed at stopping multinational corporations from taking advantage of tax havens abroad.

Seven in 10 business owners in the United States expect to exit their company in the next 10 years, according to research from SellabilityScore.com. When we asked business owners who they would turn to for advice on selling, 64 percent said they would seek the advice of their accountant, thus ranking the CPA as the most trusted professional among all of the advisor categories we measured.

The Seventh Circuit Court of Appeals has affirmed the dismissal of a class action that sought damages by class members as a result of the 2008 UBS tax evasion scandal.

Google Inc.’s planned litigation against the U.S. Internal Revenue Service centers on a domestic, not international, tax dispute, the company said.

A recent Tax Court case involving listed transactions is important for what did not happen: the Internal Revenue Service did not “throw the book” at the taxpayer.

The Internal Revenue Service announced that it would begin accepting tax forms covering depreciation on Sunday, February 10, and forms covering education credits on Thursday, February 14.

Baker Tilly International's revenue update, FASB updates, network memberships and more...

Intacct has revamped its pricing and added several updates to its Accountants Program, all of which are designed with the purpose of making it simpler and more compelling for accountants to join.

The Internal Revenue Service has stepped up its efforts this tax season to combat identity thieves who steal taxpayers’ tax refunds, participating in a nationwide sweep that nabbed 389 identity theft suspects last month alone.

The Internal Revenue Service has extended the deadline for including mandatory language in consent forms that tax preparers are expected to send to clients before disclosing or using their tax return information.

For taxpayers who scrambled to make last-minute gifts at the end of 2012 to take advantage of the gift tax exemption and lower tax rate, it was a good thing to do despite the fact that within 23 hours of year’s end, legislation passed averting the return to the old-law $1 million exemption and 55 percent maximum tax rate.

Sir Ken Robinson, a speaker and author with expertise on education, creativity and innovation, describes how firms can follow the model of Zappos in getting staff members more engaged with the firm, during an interview with Accounting Today senior editor Danielle Lee at the Winning Is Everything conference in Las Vegas.

The Internal Revenue Service is making progress in the management of its employees but faces continued challenges, according to a new report.

The U.S. Postal Service said Wednesday that it will end Saturday delivery of letters starting in August, but will continue to deliver packages, in an effort to cut costs.

Theodore J. Flynn, the longtime president and CEO of the Massachusetts Society of CPAs, plans to retire at the end of 2013 after 43 years of leading the organization.

State budgets across the country collectively lost an estimated $40 billion in tax revenue due to corporations and individuals shifting their profits and income to offshore tax havens, according to a new report.

Don’t rely on SEO to do things it can’t. The best search engine optimization in the world won’t help if your business isn’t ready to welcome the potential clients it attracts.

President Obama urged Congress to agree on a combination of tax reform and spending cuts to achieve deficit reduction during a speech Tuesday in which he proposed an alternative to the drastic automatic spending cuts that were part of the budget sequester deal.