Practice management

The Internal Revenue Service warned Thursday that tax refunds could be delayed a week this tax season because of new identity theft safeguards.

The Senate Permanent Subcommittee on Investigations held a hearing Thursday to explore decisions by the Internal Revenue Service that have increased commodity speculation by allowing some mutual funds to use offshore shell corporations and complex financial instruments to circumvent longstanding Tax Code limits on mutual fund trading in commodities.

The Walmart Foundation has teamed up with the United Way and other nonprofits to offer free tax filing services, along with education on eligibility for the Earned Income Tax Credit and government nutritional assistance programs.

Tax executives are uncertain about the potential impact on their businesses of the “repair regulations” recently issued by the Internal Revenue Service, according to a new survey by KPMG.

Tax software developer Greatland Corporation is offering some tips to businesses to help them manage W-2 and 1099 reporting.

IMGCAP(1)]The impact of the financial crisis and resultant recession, even if now officially ended, continues to be felt.

Bank of America has begun offering financing to CPA firms to help them fund mergers and acquisitions, expand their facilities, buy equipment and software, and other purposes.

President Obama’s State of the Union address gave a preview of several of the administration’s tax policies over the coming year, including tax incentives to encourage more U.S.-based multinational corporations to bring jobs back home.

President Barack Obama called for millionaires to shoulder a greater share of taxes, but also agreed to lower corporate taxes fpr companies that hire in the U.S., during his State of the Union address on Tuesday night.

Two New York City-based tax preparers have been indicted for filing false tax returns.

Former Massachusetts Governor and Republican Presidential candidate Mitt Romney has released his tax return for 2010 and an estimate for 2011.

You are a partner at a midsized audit services firm. As you speak with your current clients and prospects to project your bookings over the next two quarters, you realize that you will need to recruit additional consultants to deliver the projected business.

Newt Gingrich’s recently released tax returns show some questionable items, according to one tax expert.

The Internal Revenue Service has provided cereal maker Ralcorp Holdings with a private letter ruling related to the tax implications of the separation of its Post cereals business.

Financial information provider Sageworks Inc. has released its ProfitCents/Sageworks Industry Data & Analysis app for phones with an Android operating system, giving Sageworks subscribers access to financial ratios and industry averages, along with industry-specific key performance indicators and recommendations.

Former Massachusetts Governor and Republican Presidential candidate Mitt Romney said he would release his 2010 tax return and an estimated tax return for 2011 on Tuesday in the wake of a stinging defeat in the South Carolina primary and renewed pressure from fellow Republicans.

During his closing keynote at the Winning Is Everything conference Friday in Las Vegas, TaylorMade-adidas Golf CEO Mark King told a story from 18 months ago to illustrate the corporate philosophy that transformed the golf equipment manufacturer from a “not really good company” into the industry leader in the span of a decade.

The Internal Revenue Service has released final regulations relating to the exclusion from gross income for amounts received on account of personal physical injuries or physical sickness.

CCH has added several four new titles to its Expert Treatise Library for tax and accounting professionals.

Payroll provider Paychex is offering a free federal and state tax practice sheet that accountants can pass along as a tax season gift to their clients, branded with the CPA practice’s own name.