Practice management

President Bush said the Treasury Department would begin distributing the first batch of tax rebates by direct deposit on Monday.

Financial planning and advisory services have helped fuel an increase in revenues at CPA firms, according to a new study by the American Institute of CPAs and Moss Adams.

The federal government has lost a Son of Boss tax shelter case involving taxpayers who invested in foreign currency options.

SurePayroll has upgraded its online payroll service for accountants with same-day enrollment, Saturday customer support hours, and free human resources and compliance tools.

The Senate Finance Committee held a hearing on the tax aspects of a cap-and-trade program to control carbon emissions.

An Ohio jury ruled that Fifth Third Bancorp is not entitled to a $5.6 million tax refund for its 1997 tax year after the bank sought to take tax deductions related to complex leasing transactions involving passenger rail cars.

The Internal Revenue Service has withdrawn proposed regulations that would have treated mortgage loans as capital assets and restricted the deductibility of mortgage defaults.

CPA firm Marcum & Kliegman has expanded into the executive search industry, launching M&K Executive Search.

The Senate Finance Committee proposed a new tax bill that seeks to prevent the alternative minimum tax from spreading to more taxpayers next tax season.

Tax preparer Matthew Carl Berry was convicted of federal tax fraud charges for operating a scheme that earned him, family members and associates more than $1 million, according to the Justice Department.

Right on time for the conclusion of tax season, the House has passed a bill that promises to make tax preparation easier, while also repealing the IRS Private Debt Collection Program.

The Internal Revenue Service said it would be watching to make sure charities and religious organizations don't violate their tax-exempt status by engaging in political activities this campaign season.

The Internal Revenue Service has put out a call for a priority list of items it should address with its upcoming guidance.

Sen. Chuck Grassley, R-Iowa, ranking member of the Senate Finance Committee, defended the Internal Revenue Service's outsourcing of tax collections to private firms by pointing out the thousands of disciplinary actions taken against IRS employees.

A new study by the Computer & Communications Industry Association recommended that the Internal Revenue Service avoid investing in its own online tax preparation system, saying the proposed "I-File" system would be costly to implement and create little or no benefit for consumers.

The Supreme Court has issued unanimous rulings in two tax cases, MeadWestvaco Corp. v. Illinois Department of Revenue, and U.S. v. Clintwood Elkhorn Mining Co.

The Internal Revenue Service has released draft instructions for the redesigned Form 990, the return that tax-exempt organizations such as nonprofit charities, hospitals and universities must file annually.

The Senate Finance Committee heard testimony about U.S. tax policy at a hearing on tax fundamentals in advance of reform efforts that Congress plans to undertake.

The IRS Oversight Board encouraged the Internal Revenue Service to strive for not just "good," but "great" performance, in its 2007 annual report.

An Oregon federal court has permanently barred John Fitzgerald of Portland and his three daughters - Marilyn Dial, Martha Farr Sharp and Karen Gray - from marketing a tax fraud scheme involving sham nonprofit corporations that customers used to evade federal taxes, the Justice Department said.