Practice management

The Internal Revenue Service has reported a nearly 10 percent drop in electronic tax filing from tax professionals so far this season, despite a push by the agency to encourage more e-filing.

The Internal Revenue Service is asking taxpayers and tax preparers to make sure they properly determine eligibility for the recovery rebate credit before they file their 2008 federal tax returns.

The Internal Revenue Service warned that many investors and other taxpayers may receive their year-end tax statements later than in past years, but the forms are likely to be more accurate.

A woman who posed as a tax accountant and CPA has pleaded guilty to six counts of tax fraud after she prepared returns for police and firefighters.

Seckendorf Hasson & Reilly LLP and its affiliate, LL Business Management Inc., have merged with Eliot H. Lebenhart CPA, to form a Long Island-based sports and entertainment accounting, tax and consulting firm.

Two senators want to stop multinational companies from lobbying to include a tax break for offshore earnings in the economic stimulus package.

There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.

The Maryland Association of CPAs has created an interactive job board, the MACPA Career Center, to give its members and the CPA profession at large a targeted way to make employment connections.

Accounting firm Wiss & Co. has created an economic advisory group to help business owners and executives deal with the recession.

The Internal Revenue Service’s program for allowing “Son of Boss” tax shelter investors to settle their tax disputes often did not lead to greater taxpayer compliance, according to a new report.

The House included a taxpayer accountability amendment in the economic stimulus bill that provides protections to federal workers who expose waste, fraud and abuse, drawing praise from whistleblower advocacy groups.

Whether navigating your firm through the choppy waters of today’s unstable economy or mapping out both long- and short-term strategies, a trio of CEOs from CPA firms in both the U.S. and Canada agreed that communication with staff members and an understanding of the competition are among the more critical factors in driving a firm’s growth and evolution.

Over 33 million callers could not reach the Internal Revenue Service’s toll-free assistance number last year to ask about economic stimulus payments, and the IRS could get swamped again this year with calls.

A Republican congressman has introduced a bill that would provide all U.S. taxpayers with immunity from IRS penalties and interest, but the main goal seems to be tweaking his Democratic colleagues.

The House has approved an $819 billion economic stimulus package despite unanimous Republican opposition.

Former H&R Block Chairman and CEO Mark Ernst has taken a job with the Internal Revenue Service as deputy commissioner for operations support.

The Senate Finance Committee has approved approximately $522 billion in tax cuts, incentives and investments by a vote of 14-9.

Congress and the Obama administration are crafting what is shaping up to be the single most expensive spending bill in American history, and nobody can agree on whether it will work.

We all know name tags as those dorky stickers that we’re made to wear during networking events. We reluctantly pen our name and then stick it to our chests in an effort to make ourselves more approachable. Well, what would happen if we intentionally left them on, even after the event was over? Read more on Accounting Tomorrow's blog.

The Senate Finance Committee is considering President Obama's economic stimulus package as leaders call for increased tax cuts.