Practice management

The IRS has released cost-of-living adjustments for the dollar limitations for pension plan contributions and other retirement-related items for tax year 2017.

No matter who wins this year’s presidential election, CFOs and tax directors alike will wonder what changes are looming. Given the slim chance of a complete overhaul of our tax system, the short answer to our titular question is, “Probably not much.”

Multinational corporations could end up shifting even more of their income to low-tax countries under some tax reform proposals, according to a new study.

Federal, state and local authorities have indicted dozens of people and businesses in the U.S. and India accused of impersonating Internal Revenue Service employees demanding money from innocent taxpayers in the U.S.

With the first fiscal year for the new California film tax incentives now complete, the California Film Commission issued a report today that said the $220 million in funding that became available in fiscal year 2015-2016 generated $1.5 billion in direct in-state spending from film and TV production, including $600 million in below-the-line wages.

The federal tax audit that emerged as an issue in Donald Trump’s campaign would turn into another problem altogether if the Republican nominee wins the election—and gains the power to pick the next Internal Revenue Service chief.

Let’s not ignore the 500-pound (orange or blonde, you pick) gorilla in the room. Like ’em or hate ’em, Hillary Clinton and Donald Trump are on everyone’s minds right now. And with the election just a few short weeks away (can’t get here soon enough in my opinion), the chatter around them is going to increase significantly.

The Internal Revenue Service plans to make changes in how it deals with people who don’t file tax returns to collect billions of dollars in lost tax revenue, according to a new report.

Billions of dollars in incorrect backup withholdings are overlooked by the Internal Revenue Service, according to a new report.

A new report from an Internal Revenue Service advisory group points to the high costs of information reporting and how the IRS can reduce the burden.

Highlights of some of our favorite tax-related blogs from the past week.

Annual inflation adjustments will affect more than 50 tax provisions, including the tax rate schedules, in tax year 2017, the Internal Revenue Service announced.

The Internal Revenue Service has agreed to do more to process whistleblower claims more quickly and efficiently, according to a recent report.

(Bloomberg) For wealthy Americans, a big win by Hillary Clinton on Nov. 8 could get pretty expensive.

BKR International shares the quickest ways to shrink your business

BKR International shares the quickest ways to shrink your business

My friend Al is a sole practitioner with seven staff members and a thriving audit practice, besides the typical tax and small business tax clients. He is getting older, and while he has no plans to retire and is actively trying to grow his practice, he periodically meets with larger firms to see if there is an interest in acquiring his practice when that day comes. By doing this he stumbled on a fantastic business development formula.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

In the wake of Hurricane Matthew’s widespread devastation, 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims and their families, the IRS said.

Prospects for year-end tax legislation