Practice management

Many tax preparers find themselves correcting goofs from clients’ previous preparers.

Wolters Kluwer Tax & Accounting’s CCH Small Firm Services has launched a new product bundle that combines tax preparation software with a range of other tools.

The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’ value.

The American Institute of CPAs’ governing council approved a resolution authorizing the development of two new credentials for fair value measurement at the AICPA’s Spring Meeting of Council in Washington, D.C., on Monday.

Some of our favorite recent tax fraud cases.

There are accountants who only do accounting and accountants who also do other things such as selling financial products and doing deals with the client. There is nothing wrong with this, but with some very minor exceptions, I never did the other things.

The Supreme Court struck down the state of Maryland’s practice of taxing a resident’s income that was earned and already taxed in another state without providing a full tax credit, ruling Monday that the practice violates the Constitution.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Finter Bank Zurich agreed to pay a $5.4 million penalty and become the third Swiss bank to settle under a U.S. program that lets firms avoid prosecution if they say how they helped American clients avoid taxes.

The American Institute of CPAs kicked off its Spring Meeting of Council in Washington, D.C., on Sunday with a packed agenda of meetings with lawmakers to press for priorities, including improvements in taxpayer service by the Internal Revenue Service.

Members of U2 defended the Irish rock band’s tax strategy as the band kicked off its world tour.

The Internal Revenue Service is marking National Military Appreciation Month with a free tax guide about tax benefits for the military.

An Alabama woman has been charged with filing more than 3,000 tax returns over a two-year period claiming over $7.5 million in fraudulent tax refunds.

Let’s say one of your top players at your firm is out suddenly for the remainder of the most important time of the year. What do you do?

Lawmakers have introduced legislation that would provide a month-long safe harbor from income tax and withholding requirements for traveling employees and their employers.

BB&T Corp.’s transaction with Barclays Plc to generate tax credits was “simply a money machine” with no economic purpose and can’t be used to seek hundreds of millions of dollars in U.S. tax rebates, an appeals court ruled Thursday.

Popular at times in the past, but perhaps out of favor more recently, QPRTs (Qualified Personal Residence Trusts) may be an idea whose time has returned.

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

The owner of a business that provided notary and tax preparation services in Camden, N.J., has pleaded guilty to filing false personal tax returns.

The Internal Revenue Service and the Justice Department have decided to dismiss a case against a North Carolina small business owner from whom they had seized $107,000 in a controversial practice known as civil asset forfeiture.