Practice management

Two cases illustrate the effect that procedural rules—in these cases, statutes of limitations—have in determining the outcome of a taxpayer’s liability.

The operator of Pender Tax Services, LLC, a tax preparation business in Rosenhayn, N.J., has been indicted by a federal grand jury on one count of conspiracy to defraud the Internal Revenue Service and nine counts of preparing fraudulent tax returns for her clients.

Professional advisors need to be more protective -- of both their practices and their clients, according to HD Vest president and CEO Roger Ochs.

The National Society of Accountants has posted an online petition that tax practitioners can sign to demonstrate their support for the “Tax Practitioners Bill of Rights,” which it issued earlier this week.

The House voted Thursday to repeal the medical device tax that was included in the Affordable Care Act.

The owner of a brothel in Salzburg, Austria has found an innovative way to protest what he sees as punitive taxation and regulation of his industry: offering free sex and drinks to patrons all summer.

The Internal Revenue Service reported Thursday that nearly 44,000 tax preparers have completed its voluntary education program in its first year.

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

The Internal Revenue Service issued a revenue procedure and regulations explaining how a multiemployer defined benefit pension plan that is in critical and declining status can apply for approval of a proposed suspension of benefits.

Republican Senator Rand Paul’s plan to overhaul the U.S. tax system calls for a 14.5 percent federal flat tax for consumers and companies, the elimination of almost all deductions and the abolition of several other levies.

Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report.

The House Appropriations Committee adopted a fiscal year 2016 budget proposal that would provide the Internal Revenue Service with a budget of $10.1 billion—$838 million less than the current level and $2.8 billion below the Obama administration’s FY16 proposal.

A New Jersey tax preparer was convicted of tax fraud for getting unearned tax refunds for his clients to make extra money for himself.

A series of budget cuts at the Internal Revenue Service have led to declines in taxpayer service, case closures and dollars collected from delinquent taxpayers, according to a new government report.

The Centers for Medicare and Medicaid Services’ internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.

It’s one of the sweetest employee perks in the hedge-fund world: a chance to invest in Medallion, the wildly profitable fund created by market legend James Simons.

Thirteen community organizations have written a letter to IRS Commissioner John Koskinen asking the IRS to investigate whether the Walmart Foundation qualifies as exempt under Section 501(c)3 of the Tax Code.

Senators Chuck Grassley, R-Iowa, and John Thune, R-S.D. introduced legislation to improve customer service at the Internal Revenue Service, create new taxpayer protections, and update and strengthen existing taxpayer protections.

The Internal Revenue Service has released final regulations on the portability of a deceased spousal exclusion amount for surviving spouses facing estate and gift taxes.

ATAX, a Latino-owned tax preparation, bookkeeping and payroll services franchise company, reported Monday that the 2015 tax season was its strongest since it began franchising in 2007.