Practice management

The Internal Revenue Service released its 2010 inflation adjustments to the excise taxes on airport transportation, with at least some of them ascending.

The Internal Revenue Service is unable to verify taxpayer eligibility for the majority of the tax benefits and credits provided by the Recovery Act, according to a new report.

The Senate’s brand-new 10 percent tax on indoor tanning services is bound to lead to some further creative thinking about how to generate extra revenue to cover the costs of health care reform.

For at least the first few days of 2010, and probably longer, executors of the estates of people dying after Dec. 31, 2009, will be operating in a difficult environment after the Senate’s failure to extend the estate tax at its current rates.

A new report by the Treasury Department’s Inspector General for Tax Administration found that millions of people may have improperly received Individual Taxpayer Identification Numbers from the IRS that could be used to fraudulently claim tax refunds.

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders.

The Senate overcame a key procedural hurdle early Monday morning on the arduous journey to approving health care reform legislation with a 1:00 am vote approving an amendment by Senate Majority Leader Harry Reid, D-Nev., that made changes to secure the 60 votes needed to end a filibuster.

The House passed two bills earlier this month with provisions related to the use of Extensible Business Reporting Language, or XBRL, the interactive data-tagging technology that the SEC has begun requiring large public companies to use when filing their financial statements.

The House narrowly passed a jobs bill aimed at reducing unemployment, but the legislation’s prospects are uncertain in the Senate.

Economic uncertainty, coupled with the possibility of higher tax rates, has driven taxpayers to seek more face time with their accountants.

An income tax treaty between the United States and Italy has taken effect after a decade-long delay.

The IRS has chosen to use TaxWise software from CCH Small Firm Services at its tax assistance sites for the 15th consecutive year.

IMGCAP(1)]The IRS is conducting a sweep of real estate investors that challenges deductions investors have been taking as a routine part of business for years. The sweep is based on an IRS belief that there is a “compliance gap” in this area.

A biennial survey by the National Society of Accountants found that the cost of preparing an itemized Form 1040 with a Schedule A and a state tax return averages $229.

Senate Finance Committee Chairman Max Baucus, D-Mont., dropped efforts to temporarily extend the estate tax at its current level in the face of Republican opposition.

A new report from the Bay Street Group research firm describes the key factors driving new opportunities for accounting firms in this difficult business environment.

The Internal Revenue Service has issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years.

CCH has issued a Special Tax Briefing on the Tax Extenders Act of 2009 that was approved this month by the House.

Promoters have been marketing on the Internet the use of 401(k) funds to purchase franchises or startup businesses, which normally require up-front material sums of monies to launch.

You'll be seeing a few changes on Accounting Tomorrow in the coming months. We'll still have our own URL, www.accountingtomorrow.com, but we'll be amping up our blog to engage and promote reader discussion. We'll also be unveiling a new logo that will mesh better with Accounting Today's brand.