Practice management

Democrats on the House Ways and Means Committee introduced on Monday a version of the middle-class tax cut extension legislation that passed the Senate last week.

Wolters Kluwer Tax & Accounting said Monday that Mike Sabbatis will step down as president and chief executive of the CCH business unit, making way for Karen Abramson, who will fill the role in September.

Rep. Dave Camp, R-Mich., the chairman of the tax-writing House Ways and Means Committee, is scheduled to undergo treatment for non-Hodgkins lymphoma.

The Internal Revenue Service is not always fully reimbursed for services it provides to other federal government agencies, according to a new report.

Speaker of the House John Boehner, R-Ohio, said he would allow a vote next week on legislation that House Democrats plan to introduce to extend the expiring Bush tax cuts for middle-class taxpayers, while Republicans also plan a vote on their own proposal to extend tax cuts for taxpayers at all income levels.

The former manager of a Long Island-based Jackson Hewitt office has pleaded guilty to preparing a false tax return after being accused of helping prepare numerous false returns.

With summer already about halfway over, shoppers in several states can expect sales tax breaks on the purchase of various school-related goods in upcoming weeks, according to CCH.

As uncertainty continues to surround the economy, companies of every size are seeking new ways to maintain high operating standards and stay competitive, while keeping bottom lines from shrinking further.

House Republicans have charted a course for expedited tax reforms next year in case they control Congress and the White House.

Michael Bernstein succeeds Martin Greenberg

The Internal Revenue Service issued two revenue procedures Thursday requiring reporting agents who remit taxes on behalf of clients to use electronic systems.

The Treasury Department released a model intergovernmental agreement Thursday for implementing the Foreign Account Tax Compliance Act, developed in consultation with France, Germany, Italy, Spain and the United Kingdom.

Democrats on the House Ways and Means Committee introduced two pieces of legislation Thursday to provide tax credits for clean energy manufacturing and renew the Build America Bonds program.

I can’t think of a business in America that welcomes an IRS audit with open arms; for most, it is a highly stressful and worrisome time.

The Senate voted mostly along party to pass a Democratic bill to extend the Bush tax cuts for household incomes below $250,000 a year after rejecting a Republican bill to extend them for taxpayers at all income levels.

The Accounting Today Institute has created an online bundle of 15 hours of continuing education aimed specifically at meeting the requirements the IRS has established for registered tax preparers.

The House has voted to audit the Federal Reserve, backing an issue promoted by Rep. Ron Paul, R-Texas, in his presidential campaigns.

The Senate Finance Committee held a hearing Wednesday to look at access to education and tax reform, whether the complex array of tax incentives are contributing to the increasing cost of a college education.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday to examine tax compliance issues surrounding public charities, the rules governing their profit-making activities, and whether the newly redesigned Form 990 is promoting increased compliance and transparency.

The Court of Appeals for the Fourth Circuit has reversed a district court, finding that a taxpayer’s failure to file TD F 90-22.1 (the FBAR form) was willful, subjecting him to civil penalties.