Practice management

The Internal Revenue Service did not maintain effective internal control over financial reporting as of Sept. 30, 2015, because of a continuing material weakness in internal control over unpaid tax assessments, according to a new report from the Government Accountability Office.

The Internal Revenue Service is making yearly adjustments to W-2 and 1099 forms, while adding brand new 1095 forms related to the Affordable Care Act to the list of required forms for filers this year.

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

With Paul Ryan newly instated as House Speaker, many are saying 2016 will be the year for major tax reform, according to Matt Becker, BDO USA regional managing partner for tax services.

An advocacy group for U.S. expatriates, American Citizens Abroad, is sounding the alarm about a provision in Congress’s highway funding bill that would revoke the passports of people who owe more than $50,000 in taxes.

As we get closer to the end of yet another year, it’s time to tie up the loose ends and implement tax-saving strategies.

The Republican Party's leading presidential candidates clashed over how to reform the nation's financial system and handle immigration in their fourth debate on Tuesday, exposing deep rifts in the Republican Party and starkly different strategies for winning the election.

TaxAct has launched TaxAct ProAdvance, an online resource center to help professional tax preparers grow their businesses.

The Internal Revenue Service needs to improve its detection of business identity theft, according to a new government report.

Wolters Kluwer Tax & Accounting US and Marcum LLP have released a pair of year-end tax-planning guides.

Seven former Internal Revenue Service commissioners dating back to the Kennedy administration have written a joint letter to the leaders of Congress’s appropriations committees urging them to reconsider proposed cuts in the budget for the agency they once ran.

The widow of Texas billionaire Charles Wyly told a judge the IRS wrongly accused her of a “sinister” tax-avoidance plot to bolster the agency’s $1.2 billion claim in her bankruptcy case.

The Internal Revenue Service has introduced a formal policy to assist identity-theft victims in getting copies of bogus tax returns filed in their name.

EA Tynisa Gaines has written a book for teens facing a major rite of passage: filing their taxes for the first time.

It’s never too late in the year for you and your clients to get ready for next tax season.

For the fourth year in a row, the whistleblower awards that the Internal Revenue Service pays to tipsters will be reduced.

In my early days I would get many leads for clients who told me they were switching accountants because they believed they were paying “too much tax.”

Rep. Mark Pocan, D-Wis., has introduced two pieces of legislation to combat corporate tax inversions and tax deferral.

Some of our favorite recent tax fraud cases.

The Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan is likely to have a major impact on tax planning at multinational corporations by both tax professionals and corporate treasurers.