Practice management

John Venuti, a 62-year-old tax consultant, former principal at KPMG and former IRS tax specialist, has pleaded guilty to failing to file his tax returns for six years.

Senate Democrats achieved their goal of reaching 60 votes to invoke cloture on a bill to extend unemployment benefits through the end of November, ending a Republican filibuster.

The number of assets seized by the Internal Revenue Service’s Criminal Investigation Division fell in 2009 and 2008, according to a new government report.

IMGCAP(1)]The escalating cost of providing group medical benefits has forced many employers to dedicate more time and energy toward gaining control over increasing premiums.

The Internal Revenue Service has filed a tax lien for $1,138,760 against rap singer Lil Wayne, who is currently in jail on weapons charges.

A federal grand jury in Alexandria, Va., has indicted a Swiss lawyer who has been accused of helping a Virginia doctor conceal money in secret Swiss bank accounts at the British bank HSBC Holdings.

A Tennessee grand jury has indicted a former inmate charged with filing false tax returns from inside his prison cell.

President Obama called for an up-or-down vote in the Senate on extending unemployment benefits.

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.

YOUNG'S GEN X VIEWPOINT

Succession planning to determine thefuture of a firm remains a challenge for many accounting practices - particularly when family is involved.

IRS LEAVES HSA RATES IN PLACE

Washington, D.C.

In spite of the growth and popularity of limited liability companies taxed as partnerships, S corporations remain a very popular option for doing business. Internal Revenue Service records show that S corporations remain the most popular way for a business to file tax returns.

I admit that sometimes I live in a fantasy world. I actually think that I'm getting a buzz from lite beer. I sometimes believe that John Edward can really talk to the dead. Or that John Edwards' marriage isn't dead. Or is it the other way around?

REPORT: IRS SOFT ON TAX LIENS

With California unemployment hovering at 13 percent and the national unemployment rate still above 9.5 percent, long-term unemployment is clearly one of the biggest challenges for the U.S. economy.

The Senate Finance Committee held hearings last week to consider the effects of the soon-to-expire “Bush” tax cuts, and those problems could be magnified for tax practitioners and their clients.

The Internal Revenue Service’s Criminal Investigation division has stepped up its prosecutions of tax preparers in Southern California.

Goldman Sachs will pay a record penalty of $550 million and reform its business practices to settle SEC charges that the bank misled its investors in marketing a subprime mortgage product just as the U.S. housing market was starting to collapse.