Practice management

Credit Suisse has begun notifying some of its U.S. customers that it will be disclosing their names to the Internal Revenue Service.

The Internal Revenue Service may be able to collect more money by sending out balance-due notices on a more frequent basis to delinquent taxpayers, according to a new government report.

Grant Thornton said Monday the firm has acquired Computer Technology Associates’ Health Solutions division and, in a separate announcement, has also launched a Japan Business Group.

The Internal Revenue Service is highlighting an online training module to help tax preparers avoid the recently increased penalty for failing to exercise due diligence when claiming the Earned Income Tax Credit.

The number of claims for the Small Business Health Care Tax Credit, which was included in the health care reform law as a way to help small businesses provide health insurance for their employees, has been much lower than anticipated, according to a new government report.

CCH provided advice on year-end tax strategies that, if implemented before a taxpayer’s liability is finalized, could make a significant difference in what they owe as tax year 2011 draws to a close.

Simon Property Group, the largest owner of shopping malls in the U.S., has filed suit against the state of Indiana in an effort to force the state to collect sales taxes from the online commerce giant Amazon.com.

The worst is over for accounting firms, said Allan D. Koltin, chief executive of Koltin Consulting Group, in his keynote address at the Thomson Reuters Users’ Conference for Professional Tax & Accounting Firms.

The Internal Revenue Service has opened a new telephone help line for questions about foreign bank account reports.

Commissioner Doug Shulman has presided over the continued reorganization and modernization of the Internal Revenue Service since March 2008.

The Senate failed to advance an infrastructure jobs bill Thursday that would have been paid for through higher taxes on millionaires.

The Internal Revenue Service has issued a notice exempting enrolled retirement plan agents from obtaining a Preparer Tax Identification Number if they only prepare Form 5300 and 5500 series returns.

A group of Democrats on the tax-writing House Ways and Means Committee has introduced a bill to extend federal unemployment insurance through 2012 and provide tax relief to employers in states with outstanding UI loans.

Cloud accounting and finance education and advocacy are the goals behind the newly formed Cloud Accounting Institute, a group launched by Microsoft Dynamics GP and Intacct reseller and CPA Lindy Antonelli.

The 280 most profitable U.S. corporations are sheltering half their profits from federal income taxes, and 30 of them paid less than zero in the last three years, according to a new study.

IMGCAP(1)]Accounting firms typically have multiple partners, some of whom may want to retire or move on in the near future, and others who want to stay longer.

Greatland, a provider of W-2 and 1099 tax information reporting software, has issued a guide to help tax preparers navigate the tax changes enacted into law this past year.

The Internal Revenue Service needs to do a better job of managing the credit cards used by employees in the IRS’s Small Business/Self-Employed Division when they are visiting gas stations to enforce fuel excise tax laws.

The Internal Revenue Service has provided special transitional relief to banks and other payment settlement entities required under a 2008 law to begin withholding 28 percent of payments if they are unable to verify a taxpayer identification number for a retailer.