Practice management

The National Society of Accountants has sent a letter to every member of Congress urging them to enact legislation to support a Tax Practitioners Bill of Rights that the organization issued in June and increase funding for the Internal Revenue Service.

The Internal Revenue Service is cautioning taxpayers and tax practitioners against the newest scams as losses top $20 million in money stolen from victims by fraudsters claiming to work for the IRS and other government agencies, including the Department of Motor Vehicles.

The management of the IRS was “delinquent” in its treatment of Tea Party groups seeking nonprofit status and the agency’s poorly planned efforts to address the issue “ended in predictable failure,” according to a U.S. Senate report released on Wednesday.

Former Internal Revenue Service commissioner Mark Everson has filed a complaint with the Federal Election Commission objecting to being left out entirely of Fox News’s Republican presidential debate.

Leaders of the Senate Finance Committee have released a bipartisan investigative report on the scandal involving the extra scrutiny the Internal Revenue Service’s gave to applications for tax-exempt status from political groups, finding evidence of mismanagement at the agency.

Serving nonprofit clients requires a distinct skillset from CPAs and auditors.

If residents of a state change domicile to another state and earn income in the new state, are they off the hook for state income tax in the state where they no longer reside?

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

A bipartisan U.S. Senate bill that would revive and extend dozens of lapsed tax breaks would spur economic growth and cover about 11 percent of its own costs, according to Congress’s nonpartisan scorekeeper.

If the beneficiary of a deceased owner of an individual retirement account fails to comply with the post-death required minimum distribution rules and the other post-death IRA distribution rules, then the beneficiary can be subject to penalties from the Internal Revenue Service.

Congress has effectively overruled the Supreme Court by extending the time period for auditing certain types of tax returns.

TaxBuzz, an online directory of tax professionals, has released a new service to help its users verify their providers' identity and trustworthiness.

The New York State Society of CPAs has asked the Internal Revenue Service to make some long-overdue revisions in Form 990-PF, the tax form used by private foundations.

Microsoft Corp.’s stockpile of offshore profits rose to $108 billion, with a 17 percent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions.

Accounting Today editor-in-chief Dan Hood previews the August issue in this summer camp video.

Business executives are giving mixed predictions on when and if tax reform will finally happen in Washington, in a new survey.

Hillary and Bill Clinton paid $43.9 million in federal taxes from 2007 through 2014 on adjusted gross income totaling $139,097,232, according to tax returns released by the former secretary of state's presidential campaign on Friday.

I have a confession to make: I died two years ago.

The Internal Revenue Service is really starting to tighten its rules on who can and cannot represent clients

The Internal Revenue Service regularly provides tax tips via email to provide timely reminders to taxpayers and preparers about tax breaks and requirements year-round, and its advice can be particularly helpful this summer.