Practice management

A roundup of our favorite recent tax fraud cases.

The IRS has issued a consumer alert about possible fake charity scams in the wake of last weekend’s mass shooting in Orlando, Fla.

The Internal Revenue Service has created a special procedure to let taxpayers whose property or funds were seized in a “legal source” structuring cases get their assets returned.

Along with establishing a good work ethic and building time and financial management skills, a summer job also means learning about the obligatory duty of paying taxes. Here are some tips for tax clients from Abigail Schaffer, a staff accountant at Kessler Orlean Silver & Co.

The Internal Revenue Service has released new guidelines on how wrongfully incarcerated taxpayers can take advantage of a new retroactive exclusion from income for any civil damages, restitution or other monetary award that they received in connection with their incarceration.

German Finance Minister Wolfgang Schaeuble said a fresh proposal for a 10-nation European financial transaction tax was a “small step” forward, though doubts remain that a deal can be reached.

This may be the last time you see a reminder that the FBAR (Report of Foreign Bank and Financial Accounts) filing deadline of June 30 is fast approaching. That’s because, beginning in 2017, the annual FBAR filing will coincide with the April 15 income tax filing deadline.

Whenever I meet a new accountant, I always ask them, “Does your firm have a department specializing in Space Accounting?” It is surprising to me when they respond with expressions of confusion and bewilderment.

Publicly available data on e-filed 990s will now be available in a machine-readable format through Amazon Web Services, the IRS announced.

Sharing of information on business taxes by state tax authorities could improve business tax compliance, according to a new study.

Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an “outlier” for its aggressive use of strategies that were criticized as abuses.

While Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels.

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

Payments that a business makes are generally deductible if they are “ordinary and necessary” under Internal Revenue Service regulations unless, that is, they are specifically denied deductibility.

A House committee voted Wednesday to censure Internal Revenue Service Commissioner John Koskinen over Republican claims that he obstructed an investigation into whether his agency targeted conservative groups seeking tax-exempt status.

The cost of compliance with the ever-growing Tax Code costs U.S. taxpayers a total of 8.9 billion hours and $409 billion, according to new research.

Developing trust is complicated, but trust is the ultimate competitive advantage for winning and retaining clients.

The Internal Revenue Service has released final regulations relating to the exclusion from gross income of discharge of indebtedness income of a grantor trust or an entity that is disregarded as an entity separate from its owner.

The Internal Revenue Service has issued guidance on whether payments from a qualified retirement plan during a phased retirement are considered an annuity.

The Internal Revenue Service plans to change some of its procedures for reviewing amended tax returns after a government report estimated it may have inappropriately allowed approximately $34.4 million in tax refunds and abatements.