Practice management

General Electric is a company that has long been known for innovation going back to the days of founder Thomas Alva Edison, but now some of its greatest innovations may be in the way it avoids paying corporate income taxes.

The Internal Revenue Service has issued interim guidance to employers on the informational reporting requirements on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees.

IMGCAP(1)]The mantra “it’s who you know” has always been at the heart of successful new business initiatives for accounting firms.

The Internal Revenue Service has provided guidance to tax preparers on the circumstances under which they can be exempted from the electronic filing mandate and mail paper copies of their clients’ tax returns instead.

The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.

A new Web site lets people leave anonymous tips about tax cheats that are forwarded to the Internal Revenue Service.

A group of tax problem resolution firms has formed the Tax Problem Resolution Services Coalition, with the aim of protecting consumers from deceptive tax relief practices.

The Internal Revenue Service stopped mailing out tax form packages to taxpayers this season in response to budget cuts, but it still needs a long-term strategy for reducing its mailing and publishing costs, according to a new government report.

The Congressional Budget Office has released a report on taxing the number of miles traveled by vehicles to help fund the highway system, as an alternative to raising fuel taxes.

Years ago, Steve Martin used to have this terrific routine he'd resurrect around tax season.

One in six of the 145 million tax returns that the IRS expects to be filed for the 2010 tax year will include a Schedule C for self-employed filers, and many of them will no doubt be subjected to an IRS audit.

More than three-quarters of oil and gas finance executives said transfer pricing was the most important tax issue they are facing, according to a survey by Ernst & Young.

The Internal Revenue Service said Friday that taxpayers abroad can now use the Free File service to prepare and electronically file their taxes for free.

Fourteen individuals have been charged with committing various crimes in which they fraudulently claimed the First-Time Homebuyer Tax Credit, including one longtime IRS employee.

The Internal Revenue Service has released updated information on the First-Time Homebuyer Credit and the tax refund problems encountered by some married taxpayers.

Identity theft prevention provider Identity Finder provided a set of tips for protecting taxpayer information during tax season.

A Pennsylvania tax preparer has been charged with fraud after he instructed two of his clients and an undercover agent to lie to the Internal Revenue Service about their taxes.

While the Internal Revenue Service has taken steps to re-engineer its program for examining tax returns, more needs to be done to reduce the burden on taxpayers, according to a new report.

IMGCAP(1)]With the tax filing season underway, this is a good time to review the filing requirements for your clients with international interests.

Enterprise resource planning software maker Deltek Inc. has released a new version of Deltek Maconomy Analytix, a business intelligence product aimed at professional services firms that integrates with the Deltek Maconomy enterprise resource planning system.