Practice management

The Internal Revenue Service is asking for public comments on how to most effectively carry out a law that will require businesses to report a wider range of payments to contractors, vendors and others, usually on Form 1099, starting in 2012.

The Senate failed to pass a bill on Wednesday night to extend unemployment benefits and the closing date for home purchases that could qualify for the Homebuyer Tax Credit, although it later managed to pass the Homebuyer Tax Credit closing date extension separately.

IMGCAP(1)]How many times have you placed an ad, sent out direct mail pieces, or delivered a newsletter without receiving your desired response?

The House passed the financial regulatory reform bill that emerged from a House-Senate conference committee by a 237-192 margin.

Senate Finance Committee Chairman Max Baucus, D-Mont., has launched an investigation into the tax practices of Transocean Ltd., the owner of the offshore drilling rig that exploded in the Gulf of Mexico this past April, leading to the disastrous oil spill.

The Senate has introduced a bill aimed at helping small businesses access credit and capital and create jobs.

A set of tax provisions that are scheduled to expire at the end of this year will change the tax landscape for many investors who will need advice on how to adjust.

The House voted Tuesday to extend the closing deadline for taxpayers seeking the Homebuyer Tax Credit.

After the Senate failed three times last week to pass the mammoth tax extenders and unemployment benefits extension bill last week, the House and Senate have introduced stand-alone bills to extend unemployment benefits.

If there’s one thing I learned from attending the Association for Accounting Marketing Summit this year, it’s that marketers don’t have an easy job.

A dentist who owned a company that specialized in financial planning and aggressive tax management for medical professionals was found guilty of two felony counts of filing false tax returns after he claimed a charitable deduction for donating $800,000 in stock to his own nonprofit foundation.

A California man who fraudulently received stock as compensation from American Fire Retardant Corporation and subsequently sold the stock, was sentenced Monday morning to 18 months in federal prison after being convicted of conspiracy and subscribing to a false tax return.

H&R Block reported a decline in its fiscal 2010 net income, attributing it to a drop in its tax season business as a result of the economy, while its rival Jackson Hewitt reported that it had received a warning about its listing on the NYSE, also brought on by tax season problems.

Senate Democrats may be forced to set aside tax extenders and unemployment benefits legislation after they were unable to overcome a Republican-led filibuster for the third time.

A House and Senate conference committee has put the finishing touches to the financial regulatory reform bill.

The Internal Revenue Service has issued guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and announced new efforts to help affected taxpayers, including a special Gulf Coast Assistance Day on July 17.

Every firm wants to get new business — it’s a no-brainer. But guess what? It’s a terrible goal, according to marketing strategist Alicia Olesinski of New Angle Marketing. Olesinski facilitated a session here at the Association for Accounting Marketing Summit on niche development and said that type of goal is way too broad.

An overwhelming majority of senior financial executives say their tax department’s top priority is not tax savings or their effective rate, but timely and accurate tax return and financial reporting, according to a national survey of CFOs and senior comptrollers conducted by Grant Thornton LLP.

Senate Democrats have introduced the latest version of their mammoth tax extenders and unemployment benefits extension legislation, further modifying provisions such as the taxation of carried interest of hedge fund managers and private equity firm partners and reducing the cost to under $110 billion in part by scaling back Medicaid aid to states.

Sometimes you just need advice from someone who has been there before. At the Association for Accounting Marketing Summit in Washington, D.C., those needing a primer heard from a team of experts what they should know when entering the field of accounting marketing.