Practice management

The Internal Revenue Code requires National Taxpayer Advocate Nina Olson to submit a report to Congress each year identifying, among other things, 20 of the most serious problems encountered by taxpayers, and to make administrative and legislative recommendations to mitigate those problems.

President Barack Obama plans to include tax incentives in his fiscal 2013 budget to encourage more U.S.-based multinational companies to relocate jobs from foreign countries back home.

IMGCAP(1)]A new bill making its way through Congress has the potential to change the world of e-commerce quite drastically and hurt the viability of small businesses across the country to compete in a growing sector of our economy.

A former partner at a top international law firm has been sentenced to 28 months in prison for failing to pay taxes on over $10 million in income.

National Taxpayer Advocate Nina E. Olson’s annual report to Congress highlights the combination of an expanding IRS workload and declining resources as the most serious problem facing taxpayers.

Groundhog Day isn’t until next month, but the Internal Revenue Service is again invoking that same sense of déjà vu with its third Offshore Voluntary Disclosure Program in the past three years.

The Internal Revenue Service has increased its battle against identity theft, creating a special section on its Web site dedicated to helping growing numbers of tax fraud victims.

IMGCAP(1)]The question may not be as deep as “Which came first, the chicken or the egg?”, but “Why did we celebrate when the clock struck 12 on New Year’s Eve?”

The Internal Revenue Service said Monday that its electronic filing system is now open for business tax returns.

The Internal Revenue Service reopened its Offshore Voluntary Disclosure Program to encourage more taxpayers with assets in undeclared foreign bank accounts to come forward.

An Oregon accountant and tax preparer has been sentenced to 60 months’ probation and up to 180 days in a halfway house after he pleaded guilty to tax charges.

Retail giant Walmart will be providing free federal 1040EZ tax return filing through its partners H&R Block and Jackson Hewitt at more than 3,000 of its stores this tax season.

The Internal Revenue Service plans to finally release its re-engineered Transcript Delivery System on Monday, just in time for tax season.

The Internal Revenue Service has released the first update in five years to its estimates of the tax gap and found that the effort to reduce the amount of unpaid taxes owed by taxpayers has essentially not worked.

The Internal Revenue Service has extended innocent spouse relief to a greater number of taxpayers under newly proposed guidelines.

The Internal Revenue Service has increased its audits of taxpayers at upper-income levels.

With individual filing season underway, it’s questionable how many taxpayers are aware of their use tax obligations, and actually track their Internet purchases during the year in order to accurately report and pay them.

The Internal Revenue Service’s Office of Appeals is already making initial preparations to deal with appeals from taxpayers as a result of various provisions of the health care reform law that are scheduled to take effect in the years ahead.

President Obama may have run afoul of the Constitution in using a recess appointment to appoint Richard Cordray as the director of the nascent Consumer Financial Protection Bureau, but the need for the bureau to take action has been growing.

While 2011 ended without many last-minute tax law changes aside from the payroll tax cut extension, taxpayers should still be aware of a number of changes.