Practice management

Cost-of-living adjustments have changed many dollar limitations for pension plans and other retirement-related items for tax year 2013.

A new report from the Treasury Inspector General For Tax Administration has found that evidence was sometimes not available to support increasing IRS assessments against business taxpayers that have not filed required returns.

A recent decision by the Second U.S. Circuit Court of Appeals regarding the Defense of Marriage Act creates an immediate opportunity for lesbian, gay, bisexual and transgendered families to file protective tax refund claims, according to the accounting and advisory firm Marcum LLP.

Five of the largest audit firms in China are likely to be domestically owned rather than foreign owned in the next five years, according to Baker Tilly International CEO Geoff Barnes.

The period to renew Preparer Tax Identification Numbers for 2013 has begun, and the IRS is also reminding the nation’s 730,000 federal tax return preparers that they must renew their PTINs, and that preparers who have a competency test requirement should schedule their exam soon.

President Barack Obama and Republican challenger Mitt Romney argued fiercely over foreign policy during their final debate, with some discussion of tax policy, the budget and the economy also part of the mix.

When a client leaves or you lose a proposal to a competitor, what do you do?

K&A Accountancy launched a service Monday to help millions of small businesses take advantage of an Affordable Care Act health insurance tax credit that can be worth up to $50,000 per year.

Top personal income tax rates increased by 0.3 percent worldwide this year, according to a new report by KPMG International.

InfinityVirtual CEO Adam Stern addresses accounting firm concerns about moving client data to the cloud.

Millions of dollars in refundable tax credits that were determined to be erroneous after taxpayers received them may never be recovered by the Internal Revenue Service, but the IRS plans to clamp down on erroneous and fraudulent claims for tax breaks such as the Earned Income Tax Credit.

The majority of CPA firms experienced an increase in revenue growth, according to a new survey by the American Institute of CPAs and the Texas Society of CPAs.

The IRS has issued a revenue ruling on the determination of issue prices in the case of certain debt instruments issued for property

The Latino market for tax prep could be big for tax preparers who go about entering it correctly, according to Carlos Lopez, executive director of the Latino Tax Professionals Association in Salinas, Calif.

Your customers are mobile, and you should be too!

The Internal Revenue Service has implemented two separate clarifying changes to its temporary procedures for issuing Individual Taxpayer Identification Numbers to noncitizens with tax extensions and many foreign students.

Although the legislative trends decided by next month’s elections won’t be known until the lame duck session of Congress and later, based on what we know now it may be a good time to consider selling a small business.

The Internal Revenue Service needs to improve the timeliness and accuracy of the audit results posted to taxpayer accounts, according to a new government report.

The Internal Revenue Service said Thursday that more than two dozen tax provisions will be adjusted for inflation for tax year 2013.

A Southern California tax preparer has been sentenced to five years in prison for preparing and filing false tax returns.