Practice management

The Internal Revenue Service has issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states.

The Internal Revenue Service has not been revoking the Preparer Tax Identification Numbers of thousands of tax preparers who fail to comply with IRS rules and their own tax-filing and payment obligations, according to a new report.

Bloomberg BNA has released an analysis of the state tax challenges associated with cloud computing.

Senior tax executives are preparing for changes in the tax landscape as a result of the Organization for Economic Co-operation and Development’s base erosion and profit shifting project.

The Internal Revenue Service said Thursday the number of tax returns electronically filed by businesses increased nearly 9 percent this year, continuing the growth in the number of corporate and partnership returns filed electronically.

Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee, sent a letter to Treasury Secretary Jack Lew urging him to recover the tax benefits earned by Volkswagen for the cars it sold that turned out to have their emissions tests rigged, but without penalizing the taxpayers who had purchased the supposedly energy efficient vehicles and claimed tax credits for them.

Louisiana governor and Republican presidential candidate Bobby Jindal released a tax reform plan that would require all Americans to pay taxes.

The House Ways and Means Oversight Subcommittee held a hearing Wednesday examining the rising costs of higher education and tax policy, including how tax breaks could be a contributing factor behind spiraling tuition costs.

British Petroleum will be able to write off $15.3 billion of the $20.8 billion settlement of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, according to an advocacy group.

The Internal Revenue Service is offering tax relief to victims of the historic flooding in recent days in South Carolina.

The Internal Revenue Service has made only limited progress to date in eliminating the unnecessary use of Social Security Numbers in tax forms, letters and notices, according to a new report, leaving taxpayers exposed to potential identity theft.

The leaders of the Senate Finance Committee are asking Volkswagen about the federal tax credits given to buyers of its vehicles for owning energy-efficient cars, amid revelations that the automaker programmed its devices to cheat emissions tests.

Nearly three-quarters of Fortune 500 companies booked their profits to tax havens last year, with just 30 companies accounting for 62 percent of earnings stashed offshore, according to a new report.

When I talk to CPAs about practice management, one theme that always seems to pop up is the fact that “a client” or “several clients” cause headaches for the firm.

One of Canada’s largest accounting firms, MNP LLP, has chosen a new CEO, Jason Tuffs, who took over as the fourth CEO in the firm’s 58-year history on October 1.

One-quarter of corporate tax and transfer pricing directors believe their companies will fail to meet the first deadline proposed by the Organization for Economic Cooperation and Development in its Base Erosion and Profit Shifting Action Plan, according to a new survey.

Former UBS AG executive Hansruedi Schumacher, who pleaded guilty to helping Americans dodge taxes and testified at trial against his former boss, was sentenced to five years of probation by a judge who granted him leniency.

Following “concerns from the tax professional community,” the IRS has modified its Columbus Day service outage to minimize the impact of this maintenance period.

Check out the digital edition of the October 2015 issue of Accounting Today.

When I started out I lost clients. Very few, but still losses.