Practice management

My guess is that there’s at least a 50-50 chance that the new Form 1099 reporting mandate will be repealed or modified before it goes into effect. On almost anyone’s benefit-burden scale, the burdens far outweigh the benefits.

The Internal Revenue Service issued proposed regulations on Thursday to significantly increase the number of electronic transactions between taxpayers and the federal government.

The Internal Revenue Service said Thursday that its new online application system for compensated tax return preparers is expected to go live in mid-September, and that the fee will total $64.25 to receive a Preparer Tax Identification Number.

IMGCAP(1)]Information security gurus and marketing professionals are often at odds with each other in the business realm.

The Internal Revenue Service has released an updated Form 720, the Quarterly Federal Excise Tax Return, to reflect the new 10 percent excise tax on indoor tanning salons in the health care reform bill.

Congresswoman Shelley Berkley, D-Nev., has introduced legislation that would provide additional assistance for workers who have exhausted their unemployment insurance and are living in states like Nevada with elevated unemployment rates.

A federal appeals court has ruled against New York City in its bid to collect about $47 million in property taxes from two foreign governments that have been using parts of their United Nations missions for non-diplomatic purposes.

Sen. Bill Nelson, D-Fla., has proposed a set of tax breaks to encourage investment in the commercial space industry as a way to cushion the blow from recent cutbacks in the space program.

A former manager at Jackson Hewitt has admitted to falsifying more than 52 tax returns.

Senator Debbie Stabenow, D-Mich., introduced a bill earlier this month that would cut taxes for businesses that hire new workers who have been looking for work the longest and provide emergency assistance for struggling families looking for work by creating an additional tier of benefits for those who have exhausted their unemployment insurance benefits.

IMGCAP(1)]As a CPA, you’re accustomed to being the “go-to” resource for all things taxes, legal and financial.

The Internal Revenue Service has taken steps to prepare for procurements made under the American Recovery and Reinvestment Act of 2009, but lacked the necessary controls to ensure the procurements would comply with new requirements, according to a new government audit.

A group of Democratic senators has written to the chair of the Securities and Exchange Commission urging the SEC to require more complete and accurate corporate accounting disclosures, especially of off-balance sheet transactions.

Growth is important to CPAs and their firms because it provides additional capabilities, opportunities, revenue and profit. Growth can be organic or from mergers and acquisitions. Many firms are doing both, but growth requires planning, people and processes. Growth doesn't just happen because the partners in your firm decide they need to grow by 10 percent annually in order to maintain partner income. The focus of this article is on five strategies that will help your firm grow organically. They all require thinking, planning and execution, and accountability. The past two years have been challenging for all firms. The ability to grow will be even more important in the future than it has been in the past.

The Congressional Research Service recently commented in its report, "Tax Gap: Misclassification of Employees as Independent Contractors," that tackling the problem of misclassification of workers "would reduce federal, state and local tax gaps and provide other important benefits."

Not Mad Men

Have you set the privacy settings properly on your Facebook page yet? One of our colleagues recently had her son tagged in a photo regarding some fun he had while volunteering in South America. It wasn't

IRS WANTS INPUT ON NEW 1099

HOMEBUYER TAX CREDIT DEADLINE EXTENDED

Technology glitches with new software at the Internal Revenue Service caused it to initially reject nearly a quarter of the 127,105 tax returns it processed during its first three weeks of operation in February.