Practice management

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

The Internal Revenue Service is reminding taxpayers who turned 70-1/2 during 2014 that they most likely need to start taking required minimum distributions from their IRAs and other retirement plans by April 1.

Congressman Keith Ellison, D-Minn., has re-introduced legislation that would impose a “Robin Hood Tax” on financial transactions and use the money to fund social programs and other causes.

A limited liability company has become the entity of choice for many businesses throughout the United States for tax and liability purposes, but many of the operating agreements governing LLCs could have significant defects.

A House subcommittee held a hearing Wednesday on the estate tax after one of its members introduced legislation to repeal it.

The Republican leaders of Congress’s two main tax committees, House Ways and Means Committee chairman Paul Ryan, R-Wis., and Senate Finance Committee chairman Orin Hatch, R-Utah, have written a letter to Treasury Secretary Jacob Lew urging him to avoid pursuing an executive action by President Obama on tax reform.

The Internal Revenue Service is canceling the two days of unpaid employee furloughs it had planned in response to budget cuts.

The European Union launched a new salvo in its battle against tax evasion with a slate of proposals that would make it harder for companies to avoid taxes.

The owner of a New Jersey tax prep business was sentenced to six months in prison followed by six months of home confinement for willfully preparing false tax returns for clients.

The American Institute of CPAs sent top tax lawmakers on Capitol Hill a package of 34 legislative proposals Tuesday that the AICPA believes promote simplicity and fairness in the tax code.

Companies often turn to their accountants when they need to cut expenses, and a good place to start is with the travel budget.

Brands and corporate logos, from Coca-Cola and IBM to sports franchises, must periodically go through brand refreshes and upgrades to stay relevant.

Taxpayers are willing to go through more steps when preparing their tax returns, such as confirming their identifications and proving additional documentation, if it can help combat tax fraud and identity theft, according to a new survey.

The Internal Revenue Service and the Free File Alliance have reached a new five-year agreement to continue providing free tax preparation software for 70 percent of tax filers.

The CPA Consultants’ Alliance has approved a slate of new officers following CPACA’s annual meeting in Tampa, Fla., and issued a new report on the most pressing issues for 2015 for CPA consultants.

A Kalamazoo, Mich., tax preparer who billed herself as the “#1 Tax Lady” has been indicted on multiple counts of tax fraud.

Nearly half of all American adults believe that the deadline to register for 2015 health care coverage under the Affordable Care Act has expired, a new survey has found.

Fifty-five percent of Americans expect to receive a refund on their taxes this year and nearly 37 percent will use their refund to pay off debt, according to a new poll.

Tax season has always been the best time of the year for me to get new business. The reason is that there is much less competition.

Some of our favorite recent tax fraud cases.