Practice management

With tax season winding down, millions of taxpayers may be looking at tax bills they can’t afford to pay but can’t afford to ignore either.

Accounting firm Wiss & Company LLP has formed a real estate consulting division, hiring Joseph Ottaiano as the director leading the new division.

The Internal Revenue Service is looking for civic-minded volunteers to serve on its Taxpayer Advocacy Panel.

The Internal Revenue Service’s Taxpayer Assistance Centers are located too far away from the majority of taxpayers to be able to serve them effectively, according to a new government report.

One of the dilemmas facing many accountants and tax preparers this tax season is the problem of how to account for uncertain tax positions and deal with them on the IRS’s new Schedule UTP.

CBIZ MHM LLC has formed a national specialty practice group focused on forensic services, bankruptcy and valuation.

The Internal Revenue Service has been investigating and helping prosecute a number of tax preparers in Southern California who have been cheating the government and their clients.

The Internal Revenue Service has posted a final version of the form and instructions for the 2010 gift tax and generation-skipping transfer tax.

Two brothers who owned a California trucking company involved with drug traffickers have received prison sentences for attempting to bribe an IRS revenue officer in exchange for lowering their taxes.

Sen. Bill Nelson, D-Fla., is pressing the Internal Revenue Service to do more to curb tax fraud by prison inmates, especially in his state, where the problem is the most prevalent.

Online tax preparation site Taxbrain has introduced a service that lets taxpayers ask questions or have their taxes prepared by CPAs and enrolled agents through a video chat link.

The North Carolina Department of Revenue is pointing to inaccurate information from the IRS as the reason why it sent tax due notices to up to 2,000 state taxpayers.

A group of citizen militia members have been arrested and charged with conspiring to murder a federal judge and an IRS employee, along with weapons and explosives charges.

Rep. Jan Schakowsky, D-Ill., has introduced a bill that would levy taxes of 45 to 49 percent on millionaires and billionaires.

The Internal Revenue Service has recommended new procedures to electronic filers when e-filing for a repayment of the First-Time Homebuyer Credit.

A Maryland man who has managed professional basketball players and boxers since 1999 has pleaded guilty to tax evasion and fraud charges.

It’s comforting to know that tax reform is proceeding apace on several different fronts.

The Internal Revenue Service has released a proposed regulation that would give taxpayers up to 120 days to provide the IRS with an authorization permitting the disclosure of their tax returns and tax information to a designated third party.

House Ways and Means Committee Chairman Dave Camp, R-Mich., has proposed reducing the top individual and corporate tax rate to 25 percent.

The 64-year-old owner of a Maryland tax preparation business has been sentenced to 210 months in prison for a tax shelter scheme in which he colluded with an IRS revenue officer.