Practice management

The Senate has approved a jobs bill that provides businesses with a tax credit for hiring unemployed veterans.

The Internal Revenue Service took the appropriate actions when an airplane piloted by an irate taxpayer crashed into one of its buildings in Austin, Texas last year.

The Republican leader of the House Ways and Means Oversight Subcommittee plans to hold a hearing to probe the efficacy of the Small Business Health Care Tax Credit in the aftermath of a report that found a disappointing number of small businesses taking advantage of the tax break in the health care reform law.

Let’s face it, the accounting industry is changing and related conferences need to do likewise. Some of them are, for sure, but there simply has to be more than the lure of CPE.

Mike Karlins, a partner at the Woodlands, Texas-based CPA firm Karlins & Ramey LLC, was recently accepted into membership of Construction Industry CPAs/Consultants Association by executive director John Corcoran in Chicago during CICPAC’s recent annual conference.

A bipartisan group of 10 senators introduced legislation Wednesday that would give states the option to collect the sales taxes they are owed under current law from out-of-state businesses, rather than rely on consumers to pay those taxes to the states.

The Internal Revenue Service has not collected delinquent taxes in a sampling of nearly half the past-due tax cases left over from its discontinued private debt collection program, according to a new government report.

With only two weeks to go before a November 23 deadline, the congressional “supercommittee” of 12 that has been negotiating over cutting the budget deficit is now considering some far-reaching tax reform proposals.

The Internal Revenue Service is temporarily shelving its controversial plan to fingerprint tax preparers, IRS Commissioner Doug Shulman said Tuesday.

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.