Practice management

As Donald Trump prepared for the Republican primaries, he transferred dozens of his most prized assets, the “Trump” trademarks that adorn everything from hotels to ties to his U.S. golf courses, into a new Delaware-based company—a move that offers him a chance to cut his income-tax bills.

Last week I wrote about a CPA going to work for a small client that was creating a controller’s position. Today I’ll talk about going to work for a client that already has a controller or working for a large company.

The so-called “sharing economy” isn’t doing such a good job of disseminating the necessary tax information with its participants.

If you’ve ever listened to or watched “The Dave Ramsey Show” or another financial advice program that features people who have turned around their finances, you’ll frequently hear the host ask what prompted the people to make a change. Often, it was a crisis—a lost job or a major health problem, for example.

The Internal Revenue Service issued a new warning Friday to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax that they call the “federal student tax.”

Intuit reported an increase in users of both its TurboTax Online and QuickBooks Online user base last quarter.

The American Institute of CPAs is asking the Internal Revenue Service and the Treasury Department to offer more flexibility in what constitutes the definition of a “hospital” under the Affordable Care Act.

A number of important figures saw major jumps in 2014, according to the IRS’s Spring 2016 Statistics of Income Bulletin.

A roundup of our favorite recent tax fraud cases.

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

With the average cost of a wedding soaring to $30,000, prospective brides and grooms—and their parents—have a lot more to worry about than simply planning the details of the day.

The American Institute of CPAs is working with the American Society of Appraisers, the Royal Institution of Chartered Surveyors and other organizations on issues facing the valuation profession and how to address them, including a new credential to enhance consistency and transparency in the fair value measurement process.

Figuring out how to pay taxes on gambling wins can be difficult for many tax clients, not to mention how to account for the losses.

The Internal Revenue Service is not using the available data to identify potentially erroneous claims for the Rehabilitation Credit, a tax incentive given to private sector developers for restoring and maintaining historic structures, according to a new report.

Donald Trump the real estate developer owes much of his fame to the 1980s. Now Donald Trump the presidential candidate is going back to that decade to call on President Ronald Reagan’s economic team.

When it comes to taxes, millionaires have short fuses. Ratchet up their rates and they'll blow you off and move to a low-tax, or no-tax, state.

Over the last few years one of the most dynamic portions of the tax code has been depreciation and capitalization regulations.

Many client relationships start with a consultation of some sort, but that may leave some tax professionals wondering whether they can charge for it.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday on “protecting small businesses from IRS abuse,” a day after the House Judiciary Committee held a misconduct hearing in an effort to oust IRS Commissioner John Koskinen.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, has introduced legislation that would require presidential nominees such as Donald Trump, the presumptive Republican nominee, to release their tax returns.