Practice management

The American Institute of CPAs has written to the IRS asking the service to rely on the existing Circular 230 penalty structure for regulating CPA tax preparers rather than impose a new one.

Regional CPA and business advisory firm Weaver and Tidwell has launched a Transaction Advisory Services practice, an arm providing due diligence and business valuations to private equity companies as well as companies in transition.

IRS managers may start supervising tax audits more closely to help resolve disputes between taxpayers and tax examiners.

The Internal Revenue Service should check Form 1098 mortgage interest statements to catch tax dodgers, recommended a new report.

The American Institute of CPAs criticized overly broad and disproportionate tax penalties levied on both tax preparers and taxpayers in a report submitted to Congress’s tax-writing committees, the Treasury Department and the IRS.

A former IRS compliance officer in Las Vegas has pleaded guilty to accepting a bribe in exchange for preparing a false audit report for a taxpayer.

Accounting firm Anderson ZurMuehlen and software developer Forepoint have created a QuickBooks Conference Kit that allows CPA firms, QuickBooks ProAdvisors and others to host their own QuickBooks users conferences.

A former IRS district director who worked for a company that promised to reduce the tax liabilities of home-based business owners has been sentenced to two years in prison.

The Association of Chartered Certified Accountants has created an online training resource to help accountants hone their career development plans.

The Taxpayer Advocacy Panel, a federal advisory committee of 99 citizen volunteers, made a series of recommendations to the IRS on improving payment installment agreements, the scheduling of audits, fixing problems in 1009 forms and other areas.

Sarbanes-Oxley was the U.S. government’s response to a decade of financial statement frauds that shook the financial community.

Most CPA executives do not support a major government role in health care reform, according to a new survey.

tax preparer, enforcement, irs

The use of carbon taxes and other forms of “green” taxation to improve the environment and raise government revenue requires careful planning, recommends a position paper from the Association of Chartered Certified Accountants.

Seven New Englanders have been indicted in Boston for conspiracy to defraud the U.S. government after they were accused of promoting multiple tax fraud schemes.

A former UBS banker who cooperated with the U.S. investigation of the Swiss bank was sentenced to over three years in jail for helping a billionaire real estate developer evade $7.2 million in taxes.

A former CFO who embezzled money from the magazine publishing company he helped run has been sentenced to two years in prison and three years of supervised release.

The knee-jerk reaction to the significant downturn in the economy isto cut, cut, cut - each and every expense line on your incomestatement.

A Swiss banking executive and lawyer have been indicted on charges of conspiring to defraud the U.S. in a sign that the IRS is now looking beyond UBS in its international tax enforcement efforts.

The Internal Revenue Service does not have a standardized process for monitoring the progress of its research projects, nor a way to validate the results or measure the impact of its research efforts on tax administration.