Practice management

The Internal Revenue Service has updated its rules for how its Office of Appeals is allowed to communicate with other parts of the IRS when a taxpayer or the taxpayer’s representative is not present.

The Internal Revenue Service offered advice Wednesday to unemployed taxpayers on how they and their tax preparers should report unemployment benefits on their tax returns.

U.S. lawmakers reached a tentative deal on Tuesday on legislation aimed at boosting the economy by extending a payroll tax cut for 160 million workers through this year and continuing long-term jobless benefits, congressional aides said.

CCH has introduced CCH Integrator, which combines the company’s tax research products with other tax compliance products for multinational corporations.

Treasury Secretary Tim Geithner told a Senate panel that the Obama administration plans to introduce a series of proposals to reform the corporate tax laws.

After months of wrangling, congressional leaders appear to be close to a deal on extending the payroll tax cut, unemployment benefits, and the so-called “doc fix” for Medicare physician reimbursements through the end of the year.

Rep. Sander Levin, D-Mich., the ranking Democratic member on the tax-writing House Ways and Means Committee, introduced legislation Tuesday to tax the carried interest earned by hedge fund managers, private equity firm partners, venture capitalists and others at the same tax rates as ordinary income.

Frank, Rimerman Consulting, the technology consulting division of tax and accounting firm Frank, Rimerman + Co., has launched a new cloud computing practice through its partnership with NetSuite Inc.

The Financial Crimes Enforcement Network has further extended the filing deadline for filing foreign bank account reports for certain financial professionals who have only signature authority over the accounts.

The Internal Revenue Service has released a set of proposed regulations expanding the list of tax return preparers who may obtain and renew a Preparer Tax Identification Number.

United Nations Secretary-General Ban Ki-moon urged corporate leaders to back up their words about sustainable business practices with concrete actions at a KPMG-sponsored conference on sustainability.

President Barack Obama's 2013 election-year budget took investors by surprise with a call for significantly higher taxes on dividends, a major change from his earlier tax proposals and one that will raise the ire of dividend-paying companies.

Accounting, tax and consulting firm SingerLewak will open a new office in San Francisco to primarily serve venture capital-funded private businesses, along with public companies in the greater San Francisco area.

In today’s volatile market, wealth and personal money management can be more daunting than ever.

The Obama administration has increased its budget request for the Internal Revenue Service for fiscal year 2013 to approximately $12.8 billion to make up for recent budget cuts.

The Internal Revenue Service has released guidance to enable partnerships to submit the Schedule K-1 electronically to partners.

The Treasury Department has released its “greenbook” outlining the tax proposals in the Obama administration’s fiscal 2013 budget.

President Obama called for tax reform measures Monday to cut the budget deficit by $1.5 trillion in his fiscal year 2013 budget.

The Internal Revenue Service said Monday it is extending the time period for commenting on guidance it has issued pertaining to the application of the general welfare exclusion to Indian tribal government programs.

A former Internal Revenue Service employee has been sentenced to 105 months in prison and ordered to pay $30,649 in restitution after pleading guilty to identity theft and theft of government property.