Practice management

A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.

The IRS has fixed its errors, such as improper extra scrutiny of Tea Party groups, and they won’t happen again, the tax agency’s commissioner said Tuesday.

Sometimes what happens in Vegas doesn’t just stay on the Strip—it blows across the Sagebrush State like a wayward tumbleweed. Case in point: Nevada Health Link enrollees have been reporting mistakes on the 1095-A IRS forms to calculate their premium tax credit on the federally supported state-based HIX.

A tax pro offers this seasonally appropriate missive

Corporations could be erroneously claiming over $2 billion in carryforward general business credits, according to a new government report.

A recent Tax Court case found a taxpayer liable for a trust fund recovery penalty over the unpaid employment taxes of a partnership of which he was no longer a partner.

BSI SA, a Swiss private bank, admitted helping customers duck taxes by using coded language, nameless debit cards and fake identities as part of a landmark $211 million accord to avoid U.S. prosecution.

Even though tax season is getting close to the end, there are still some important tips that accountants can share with their clients by April 15, and beyond.

I once had a client who felt he was getting ripped off by his salespeople padding their expenses. I found this out by walking into his office and finding his desk and credenza overloaded with files halfway up to the ceiling.

The accounting profession is facing a period of upheaval as Baby Boomers retire and firms experience mergers and leadership shifts, according to a new report.

A former Credit Suisse Group AG banker and a Swiss trust firm founder who pleaded guilty were spared prison after helping the U.S. government build a $2.6 billion criminal tax case against the bank.

As we get into the final stretch of filing season, it is fulfilling the predictions made at the start.

Some of our favorite recent tax fraud cases.

Weighing the cost and benefits of small-business repair-reg relief

Accountants considering adding or expanding valuation services in their practice may wonder about the demand for valuation services and what kind of clients can benefit from a valuation or calculation engagement.

A federal grand jury indicted a Brooklyn tax preparer, charging him with 31 counts of aiding and assisting in the preparation of false federal income tax returns.

Although Republicans are outlining a proposal to provide an “off ramp” for states and consumers to exit the Affordable Care Act, and the Supreme Court is hearing oral arguments on a legal challenge to the federally-operated health exchange, state exchanges have been up and running.

If a taxing entity changes its tax law to retroactively include a transaction, should the hapless taxpayer be bound by the new rule?

The House Ways and Means Committee passed seven bills Wednesday aimed at reforming the Internal Revenue Service.

Bloomberg BNA has released a new analysis of the recent sweeping changes in New York State’s corporate tax laws.