Practice management

The Internal Revenue Service is gearing up to handle the complex tax provisions of the health care reform law and has made significant progress so far in planning for the law’s implementation, according to a new government report.

New information made public by the U.S. Federal Election Commission reveals that members of the accounting profession are opening their checkbooks early and often in an effort to help candidates in the 2012 Presidential elections.

An analysis of tax liens across the U.S. found that New York City, with some of the wealthiest neighborhoods in the nation, was the country’s leading area to be on the receiving end of federal tax liens.

Dallas-area CPA Calvin Brown, founder of CD Brown and Associates, a CPA and business advisory firm, has launched Small Biz Champ, an accounting franchise concept.

Across the U.S., there were 97 increases in state sales and use taxes, 96 new taxes and nine decreases in the third quarter of the year, according to a new report.

The IRS doesn’t make the laws, it just enforces them.

The Internal Revenue Service said Thursday that tax preparers can start renewing their Preparer Tax Identification Numbers for the 2012 tax-filing season.

The Internal Revenue Service may have paid $3.2 billion in erroneous American Opportunity Tax Credits during the first five months of 2010 to 2.1 million taxpayers, according to a new government report.

The Internal Revenue Service said Thursday that many tax benefits for tax year 2012 will increase due to inflation adjustments, including personal exemptions and standard deductions, with tax brackets also widening next year.

The Internal Revenue Service has increased the maximum pre-tax contribution limit for 401(k) and 403(b) retirement plans, most 457 plans, and the federal government’s Thrift Savings Plan by $500, from $16,500 to $17,000, as a result of cost-of-living adjustments.

A former Bronx tax preparer has been sentenced to three years in prison for preparing false tax returns.

IMGCAP(1)]Twice in the last three years, the IRS has offered taxpayers with undisclosed foreign assets an opportunity to voluntarily disclose the unreported assets, pay back taxes and penalties, and avoid more severe penalties and criminal prosecution.

One day after verbally scuffling with fellow GOP Presidential hopeful Mitt Romney, Gov. Rick Perry called for implementing a flax tax in what many saw as a preview of his economic policies.

The Internal Revenue Service is reportedly auditing Google in an effort to learn more about the search giant’s use of foreign subsidiaries to shift profits in the wake of three acquisitions.

IMGCAP(1)]Mobile has become a way of life, and with the proliferation of advanced devices, it’s easier than ever to work on the go.

The Internal Revenue Service has delayed a new tax return transcript delivery system that was scheduled to debut Monday.

Internal Revenue Service Commissioner Doug Shulman issued a dire warning to Congress about the effects of steep budget cuts on the agency’s enforcement ability and services.

IMGCAP(1)]Golf is a wonderful game. Whether you play casually with family or friends or play golf for business, you don’t have to be a great player to enjoy the game. And there are some lessons to be learned from the game in the world of accounting.

The former and current managing partners of super-regional CPA and business advisory firm Plante Moran have released “Succession Transition: A Roadmap for Seamless Transitions,” a book that offers an inside view of strategies to cultivate staff members into leadership positions.

Following a scathing report by the Center for Public integrity, which revealed that the Department of Defense lacks any mechanism to shows how the billions in taxpayer dollars are spent, the agency pledged to clean up its accounting practices by 2017.