Practice management

The Internal Revenue Service has issued a notice asking for comments on the effect of the new revenue recognition standards on taxpayers’ methods of tax accounting.

Minimizing self-employment taxes to owners of pass-through entities

The things you think set your firm apart, don't

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

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

On the heels of a disclosure this week that identity thieves were able to access 104,000 tax returns through the Internal Revenue Service’s Get Transcript application, a new report finds that the IRS is improving its identification of fraudulent tax returns involving identity theft.

An after-action report on the 2015 filing season.

Top 20 accounting firm CohnReznick LLP has elected Frank Longobardi its next chief executive officer, effective October 1,

Thomson Reuters has released the fourth edition of its treatise, "Tax Planning for Highly Compensated Individuals," by Robert E. Madden on the Thomson Reuters Checkpoint service.

The Internal Revenue Service has released the spring 2015 issue of the Statistics of Income Bulletin, which features preliminary data for individual income tax returns filed for tax year 2013, indicating that taxpayers were earning more income and relying less on unemployment insurance as the economy recovered from recession.

Marketing your valuation business is more important than ever.

Thomson Reuters has added content on like-kind exchanges to its Checkpoint Catalyst tax research system to help tax practitioners secure tax deferrals for their clients.

The Internal Revenue Service’s collection employees might not be taking all the actions they could to collect tax debts owed by defunct companies before closing out the cases, according to a new report.

Senate Finance Committee Chairman Orrin Hatch, R-Utah, has written to IRS Commissioner John Koskinen for answers about the massive data breach that the IRS disclosed this week.

The Internal Revenue Service’s Criminal Investigation unit was among the law enforcement agencies involved in indicting nine officials from FIFA, the international soccer federation that hosts the World Cup, along with five corporate executives involved in a massive bribery scheme.

Some of our favorite recent tax fraud cases.

The Tax Court recently ruled against the IRS over what constitutes a “present interest” in a Crummey trust.

The Internal Revenue Service warned of a huge data breach of its online Get Transcript application that allowed the tax returns of approximately 104,000 taxpayers to be accessed by identity thieves.

The most common errors tax pros run across in prior years' returns

If you are a partner or manager in a small to midsize public accounting firm, you have undoubtedly faced the quandary of whether to spend more time on marketing or billable hours.