Practice management

A group of Democrats on the House Ways and Means Committee have introduced a bill to extend 100 percent bonus depreciation through 2012 to encourage capital investments and job growth.

Securities and Exchange Commission Chief Accountant James L. Kroeker will leave his post in July to enter the private sector.

The IRS kicked off its series of forums in Orlando, Fla, on Tuesday with over 2,500 attendees. The three-day forums, held each year, cover a range of tax compliance and administrative topics, and feature speakers from academia and the private sector, as well as from the IRS.

Former Senator Christopher Dodd, D-Conn., told attendees at the Association of Certified Fraud Examiners conference that the financial reform law is essential, even though he wishes his name were not attached to it.

A group of 11 senators have written to the Internal Revenue Service asking for information about requests for confidential donor information from organizations applying for tax-exempt status.

The Internal Revenue Service has improved its oversight of nonbank trustees that act as custodians for tax-exempt retirement and savings accounts, and should now reevaluate the resources it expends on the program, according to a new report.

The Internal Revenue Service has just issued temporary and proposed regulations aimed at simplifying the handling of portability elections in estate tax law.

Tax preparation chain Liberty Tax's parent JTH Holding announces earnings, OTC listing

IRS Revenue Procedure 2012-28 offers help and a safe harbor on cancellation-of-debt income for publicly traded partnerships

The American Institute of CPAs combined its Practitioners Symposium and TECH+ conference for the first time with the Association for Accounting Marketing’s annual AAM Summit this week in Las Vegas.

KPMG has introduced an online resource that examines how tax authorities in 18 different countries are dealing with the challenge of taxing cloud computing services.

A trio of tax preparers have been charged with helping their clients evade taxes by hiding millions of dollars in secret accounts at two Israeli banks.

The Internal Revenue Service’s Return Preparer Office is extending its social media presence to LinkedIn.

Thomson Reuters has released mobile versions of Thomson Reuters Checkpoint, the online service that provides research, news, analysis and productivity tools to tax, accounting, trade and finance professionals, for smartphones and tablets.

Carr, Riggs & Ingram LLC has created a new licensed broker-dealer unit that will operate under the name Carr, Riggs & Ingram Transaction Advisors LLC.

While I’ve not yet been the victim of identity theft, the possibility—and the consequences—are beginning to loom.

A Los Angeles-area tax preparer has pleaded guilty to tax fraud charges after he was accused of using his clients’ identities to file for large tax refunds that went to his address.

Participants in the Internal Revenue Service’s Volunteer Income Tax Assistance program prepared thousands of free tax returns for taxpayers well above the income threshold mandated by the IRS, even for taxpayers with incomes over $1 million.

The Internal Revenue Service said Wednesday it has reached a settlement with BDO USA LLP under which the accounting firm will pay a civil penalty of $34.4 million for violating tax laws concerning tax shelters.

Cloud-based accounts payable and receivable service Bill.com has rolled out an accountant certification program, enabling accounting firms using Bill.com to gain a deeper understanding of the product and expand their service offerings.