Practice management

When Apple Inc. was ordered by European regulators to pay $14.5 billion plus interest in back taxes to Ireland, the giant technology company seemed to be facing an expensive headache. Turns out it’s a headache for the U.S. Treasury Department as well.

Families who have been paying a babysitter or nanny over the summer to provide childcare may be able to cut back now that school is in session, but that doesn’t mean they can avoid the so-called “nanny tax.”

By my reckoning there are about 42,000 accounting firms in the United States, and 41,600 might be considered to be small.

Indiana Governor Mike Pence and his wife, Karen, earned adjusted gross income of $113,026 in 2015 and paid $8,956 in federal income taxes, according to a copy of the Republican vice presidential nominee’s return that was released Friday—a move toward transparency that his running mate, Donald Trump, has yet to make.

Some of our favorite recent tax fraud cases.

The Internal Revenue Service needs to do a better job of keeping track of the laptop computers issued to contractors, according to a new report.

Many dream of the day they can start their own business. For some CPAs, the leap to self-employment means a chance to set their own schedule and balance work and family on their own terms. For others, it’s about leaving a boss behind and taking the reins.

Practitioners weigh in on the need -- or lack thereof -- for a brick-and-mortar presence.

Irish Finance Minister Michael Noonan hit back at the European Union after it ordered him to recoup a record 13 billion euros ($14.7 billion) from Apple Inc., saying his country is leading the way on countering tax avoidance.

It’s back to school for university endowments and U.S. lawmakers.

Both presidential candidates, Donald Trump and Hillary Clinton, have come under scrutiny by the Internal Revenue Service for running afoul of rules governing tax-exempt foundations.

The Internal Revenue Service is going to make public records available online of cases involving offers in compromise it has accepted from taxpayers who owe tax debts, rather than just making the hard copy printouts available at local offices.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released a discussion draft of proposed legislation that would prevent taxpayers from putting more than $5 million in an individual retirement account.

About two weeks after Denmark revealed it had lost as much as $4 billion in taxes through a combination of fraud and mismanagement, the minister in charge of revenue collection says that figure may need to be revised even higher.

Leaders of the National Society of Accountants have sent a letter to leaders of the U.S. House of Representatives opposing any resolution to impeach or censure IRS Commissioner Koskinen.

Speaker Paul Ryan said Wednesday the House will vote on whether to impeach Internal Revenue Service Commissioner John Koskinen, and he indicated members won’t be pressured to vote one way or the other.

The Internal Revenue Service has issued final regulations redefining terms relating to marital status to include same-sex marriage for federal tax purposes, in accordance with Supreme Court decisions.

How often do you read headlines in the local business journal about companies receiving state and local incentives to expand or relocate? Are your clients in the headlines for incentive deals? If not, you may be able to help them get there—and create a lot of value and goodwill in the process.

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

We all use the cliché that we give the clients the best we've got, but what does it really mean?