Practice management

President Barack Obama and congressional Republicans square off this week over tax hikes for millionaires and tax cuts for businesses, with both sides seen as more interested in scoring political points than in fixing the tax code or shrinking the deficit.

While every state offers tax incentives to attract, retain and expand businesses and jobs, few states actually provide good evidence that the tax breaks deliver an effective return on investment, according to a new report.

Global tax services firm Ryan has filed suit in a federal court in Washington against Treasury Secretary Tim Geithner and IRS Commissioner Doug Shulman challenging Circular 230 provisions governing contingency fee arrangements.

The Internal Revenue Service is now giving tax professionals a priority phone number they can call when their clients are undergoing a Campus Correspondence Examination audit.

Just a few days ahead of the tax-filing deadline, President Barack Obama and Vice President Joe Biden released their 2011 tax returns on Friday.

An Arizona accountant has pleaded guilty to charges of preparing a false tax return.

Enterprise resource planning product maker Epicor Software Corp. has released Epicor eMarketing and eSurveys tools as a Software-as-a-Service offering, providing customers with a deployment and licensing model as businesses continue to embrace the cloud.

“Only two things in life are certain,” Marc Albaum tells his clients. “I can help you with the other one.”

Taxpayers around the country are encountering longer wait times on IRS phone lines and at Taxpayer Assistance Centers due to budget cuts at the agency.

The Internal Revenue Service is having trouble coping with an enormous backlog of requests for offers in compromise from taxpayers who are struggling with the tough economy.

An Internal Revenue Service employee and her boyfriend have been charged with participating in a tax refund scam revolving around the Telephone Excise Tax Refund.

A top Swiss court ruled Switzerland may not hand over the bank details of a Credit Suisse client to U.S. tax authorities, in a potential setback to solving a dispute between the two countries.

A new Internal Revenue Service team looking at the business activities of the ultra-wealthy has missed its own goals, reviewing only one privately held company and 10 partnerships in fiscal 2011, said a Syracuse University research group on Tuesday.

The Internal Revenue Service could increase its revenue by an estimated $20 million a year if it took steps to ensure that fraud indicators are recognized and properly investigated during field audits of individual tax returns, according to a new report.

The Internal Revenue Service Oversight Board is urging Congress to restore recent budget cuts at the agency to improve enforcement and taxpayer service.

I had the unexpected surprise yesterday of lunching with Karl Rove, known as the architect of President George W. Bush’s election campaigns.

President Obama told a crowd of students and supporters that Congress should vote to approve his plan to ensure that millionaires don’t pay lower tax rates than the middle class.

House Budget Committee Chairman Paul Ryan, R-Wis., talked about how tax policies need to emphasize economic growth during a speech Tuesday, in which he also took aim at President Obama’s budget.

New Jersey Governor Chris Christie talked about his budget battles with New Jersey lawmakers during an entertaining speech in New York on Tuesday.

Former President George W. Bush said Tuesday that he wished the Bush tax cuts were not named for him.