Practice management

The Internal Revenue Service has extended the deadline for filing a report on foreign bank accounts to Sept. 23 from the original June 30 deadline as it seeks to crack down on offshore tax havens.

Tennessee-based accounting firm KraftCPAs has created a new affiliate company that will specialize in health care consulting services as Congress prepares legislation to overhaul the health insurance industry.

The IRS has not been doing an adequate job of overseeing the acceptance agents who assign Individual Taxpayer Identification Numbers to foreign nationals, increasing the risk of tax fraud.

Typical end-of-year tax planning will be on everyone’s minds before you know it.

An IRS advisory committee has recommended that the IRS require all tax preparers who file at least 200 returns a year to use electronic filing.

Just in time for Jon and Kate Gosselin’s impending divorce, the IRS has released a very helpful form.

The IRS has posted a preview of the 1040 for 2009, along with the latest rules for electronically filing the returns.

New research into CPA firm management will be described in a series of monthly webinars from the Bay Street Group and Capstone Marketing.

Despite some decreases in 2008, the IRS’s overall level of compliance activities remains higher than in the years immediately after implementation of the IRS Restructuring and Reform Act of 1998.

Four Southern congressmen have written to the IRS asking for casualty loss deductions for homeowners whose property has been damaged by installations of defective Chinese drywall.

Liberty Tax Service, the third largest tax preparer in the U.S., has lost a lawsuit over deceptive ads that California Attorney General Jerry Brown claimed blurred the line between free tax refunds and expensive refund anticipation loans.

The U.S. and Swiss governments have concluded their negotiations over expanding the sharing of tax information to root out tax dodgers, and now plan to sign a protocol in the next few months.

The Senate Finance Committee held hearings to learn more about the tax implications of climate change legislation, including whether companies should be taxed for carbon emission allowances.

The IRS is not using collection tools, including tax liens, levies and property seizures, soon enough in many instances, according to a new report from a Treasury Department watchdog.

A new search engine developed by a California CPA tries to make it easier to find relevant documents on the IRS’s Web site.

A tax preparer has been arrested for stalking and threatening to harm an assistant district attorney in the Manhattan DA’s office.

How would you like to experience the same kind of explosive growth as Google, Wikipedia, Facebook or YouTube? Those are exceptional cases, but they are household names. And you could be too.

A white paper released by the White House outlining the administration’s plan for financial regulatory reform recommends that accounting standard-setters make more progress in agreeing on a single set of accounting standards by the end of the year and iron out differences over fair value accounting.

As a flood of rising technologies such as social networking sites, instant messaging and Second Life begin to get a stronger foothold in the CPA profession, firms should begin deploying them in business-centric areas of the firms such as marketing and recruiting.

IRS Commissioner Doug Shulman and Treasury Secretary Timothy Geithner want Congress to pass legislation ending the tax on personal use of employer-provided cell phones.