Practice management

A federal judge has ordered the IRS to answer questions by Friday, June 12, on the status of certain e-mails from former employee Lois Lerner that the service had said were lost.

The institute has recommended to the IRS that taxpayers making an accounting method change for mischaracterized research and experimental expenditures under Sec. 174 should compute a Sec. 481 (a) adjustment.

Soon the grasp of the taxman could be felt before the jackpot celebration stops at a lucky slot machine.

Three little letters, brokers' mailrooms and keyboarding crooks seemed the major troublemakers of the season just gone by, according to preparers.

As China grows as a world leader, more and more Chinese businesses and individuals are looking for CPAs who are familiar with taxes in both the U.S. and China.

Heads of state meeting at the G7 Summit in Bavaria, Germany committed to promoting automatic exchange of tax information and tax rulings to discourage multinational companies from shifting profits from country to country to avoid taxes.

Trade groups representing the banking, credit union and financial services industry are sounding the alarm over a provision in a bill already passed by the Senate that would require them to report information to the Internal Revenue Service on both interest-bearing and non-interest-bearing accounts.

Some of our favorite recent tax fraud cases.

A businessman caught in a money-laundering sting helped the U.S. prosecute a foreign business—and now he’s seeking $22.2 million from the government as a reward.

LexisNexis has introduced Lexis Advance Tax, a specialized research portal providing news and analysis to accountants, tax and estate attorneys, government tax professionals and other tax practitioners.

The House Judiciary Committee, through its Subcommittee on Regulatory Reform, Commercial and Antitrust Law, held a hearing Tuesday on nexus issues involving three bills before the Committee.

The Supreme Court has turned away a request for judicial review from a 55-year-old CPA who sued Baylor Law School for age discrimination after the school rejected his application.

As expatriate taxpayers face increasing difficulties from implementation of the Foreign Account Tax Compliance Act, the Internal Revenue Service is offering YouTube videos and other online resources to assist taxpayers overseas.

Chris Rush of ADP discusses the changing demographics, technology and regulation in the accounting profession and how firm leaders can deal with succession planning, recruitment, retention, cloud computing, and the Affordable Care Act, in an interview with Accounting Today editor-in-chief Dan Hood.

The Tax Court has held in favor of a taxpayer who claimed a whistleblower award that the Internal Revenue Service wanted to reject because the whistleblower had brought the information directly to an IRS operating division before filling out paperwork requesting an award from the IRS Whistleblower Office.

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

A trade association representing the casino industry is sounding the alarm over proposed regulations from the Internal Revenue Service that would lower the threshold for reporting winnings from slot machines, keno and bingo.

Rothschild Bank AG, the Zurich-based private bank of the Rothschild financial dynasty, became the latest Swiss bank to be fined by the U.S. Justice Department for helping Americans conceal assets offshore.

Private and otherwise illiquid securities have increased in number and complexity in recent years, leading to increased scrutiny from auditors and regulators regarding their valuation.

H&R Block is testing new technology that uses Facebook’s Oculus virtual reality equipment to provide avatars of tax preparers for customers of the future.