Practice management

A ‘first look’ at the new partnership audit rules

Deloitte is advising corporate clients to be careful about their holiday gift giving so they don’t run afoul of laws like the Foreign Corrupt Practices Act.

The Supreme Court has declined to hear an appeal of cases involving two former NFL players hit by Cleveland’s “jock tax,” which was imposed on visiting athletes according to a “games played” allocation.

The Internal Revenue Service has been developing a new system to detect fraudulent tax returns to replace an outdated system, but has not been able to phase out the old system, which could cost taxpayers an estimated $18 million per year to run both systems, according to a new report.

Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.

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

Marketing and branding efforts within professional service firms have historically been directly toward current clients, potential clients and referral sources.

Wolters Kluwer Tax & Accounting US has produced an infographic showing the states with the top 10 highest and lowest sales taxes, just in time for Black Friday and the kickoff of the holiday shopping season.

The Internal Revenue Service is simplifying the paperwork and recordkeeping requirements for small businesses by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500.

The Internal Revenue Service plans to take extra steps to enforce the rules requiring information reporting of payment card transactions, such as those made through credit and debit cards.

The Internal Revenue Service sent out an alert Tuesday warning tax preparers about an phishing email message purporting to ask them to update their IRS e-Services information.

Vetting the candidates’ tax positions so far

Ireland is about to get a new biggest company, and it’s only a little smaller than the nation’s entire economy.

The Internal Revenue Service has upgraded the Foreign Account Tax Compliance Act Online Registration System, enabling sponsoring entities such as foreign banks to register their sponsored entities to obtain a global intermediary identification number.

Ernst & Young has released the EY Tax Guide 2016, adding new chapters of information on tax preparation.

The Internal Revenue Service does not always penalize employers who fail to respond to requests to resolve discrepancies in the wage information reported to the federal government, according to a new report.

Vanguard Group Inc. has reached an agreement to pay several million dollars in back taxes in Texas, the first known payout related to a whistle-blower’s accusation that the world’s biggest mutual-fund company underpaid its taxes by tens of billions of dollars.

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

Jackson Hewitt Tax Service has opened for the next season with a new Year-End Tax Planner service that will estimate 2015 taxes and refunds.

Some of our favorite recent tax fraud cases.