Practice management

The Internal Revenue Service is seeking to force UBS Group AG to turn over records on an account in Singapore held by a U.S. citizen, potentially opening a new front against offshore tax evasion beyond Switzerland.

There are really two tax seasons every year, marked by two very different attitudes.

The U.S. Supreme Court turned away appeals from three financial-services companies that sought to save a total of $1.5 billion by using a tax-avoidance strategy designed by Barclays Plc.

A group of mostly conservative public policy organizations have sent a letter to members of the House of Representatives asking them to oppose legislation that would require licensing of paid tax preparers.

The Internal Revenue Service’s delays in processing taxpayer correspondence are lengthening, leading to delayed tax refunds and bigger interest payments from the IRS, according to a new report.

Only 24 percent of American consumers are satisfied with the way accounting firms handle their phone calls, according to a new survey.

The Internal Revenue Service has temporarily suspended the Identity Protection PIN tool on its website after security vulnerabilities were discovered in the service, which is intended to help victims of identity theft.

As a CPA, I deal with many types of clients’ personalities. If I choose only one type, I would not have had much of a practice. And I doubt I would have found that one perfect type too many times. I have been very fortunate to have really nice and very smart people as clients.

The Internal Revenue Service needs to improve the management of its backup and restoration process, according to a new report.

Senator Bernie Sanders’s proposals for sweeping tax hikes on businesses and individuals to bankroll universal health care, infrastructure and free college tuition would raise $15.3 trillion over the next decade but “substantially reduce incentives to save and invest in the United States,” according to a new policy study.

Ohio Governor John Kasich and his wife Karen paid about $1.3 million in federal taxes on the adjusted gross income of $5.1 million that they earned over a seven-year period, according to documents released by the Republican presidential candidate’s campaign.

A roundup of our favorite recent tax fraud cases.

Facebook Inc. will stop routing advertising sales of its largest U.K. clients through Ireland, increasing its British tax bill by millions of pounds in a bid to improve transparency after facing criticism on tax avoidance.

Democratic presidential candidate Hillary Clinton proposed rescinding tax relief and other incentives retroactively for U.S. companies that move jobs and operations overseas.

The American Institute of CPAs is asking the Treasury Department to provide tax relief to the cross-border savings accounts of U.S. and Canadian citizens.

Check out the digital edition of the March 2016 issue of Accounting Today.

Despite government disapproval, corporate inversions still have fans

With cases of identity theft and tax fraud increasing almost exponentially, tax preparers should educate their clients about the dangers they face in having their information compromised, according to executives at several credit monitoring and identity protection services.

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

Wolters Kluwer Tax & Accounting said it has been selected by the Internal Revenue Service to provide tax law and expert guidance and analysis handbooks to support the IRS staff in their research responsibilities.