Practice management

The Internal Revenue Service warned tax preparers and other tax professionals to be on guard against bogus emails seeking updated personal or professional information that in reality are phishing schemes.

The Treasury Department said Wednesday that it would delay enforcement of an Affordable Care Act prohibition relating to standalone health reimbursement arrangements until July 1.

A group of plaintiffs are suing the Treasury Department, the Social Security Administration, and the District of Columbia, claiming the federal government is continuing to hold onto their tax refunds to pay for supposed overpayments of Social Security benefits decades ago.

The Internal Revenue Service said Wednesday it would begin a limited test at 10 of its Taxpayer Assistance Centers to determine whether an appointment-based service approach at its walk-in centers might help reduce taxpayer wait times during a time of severe budget cuts at the agency.

Tonya Keith typically spends four to eight hours doing her taxes each year. This year, she says, “I’ve got about 30 hours in, and I’m not done.” The reason: She and her wife got married last year in Seattle, but they live in Georgia, which doesn’t recognize their marriage.

House Republicans won’t agree to fix Obamacare if the U.S. Supreme Court rules that the law bars health-insurance subsidies for millions of people, said House Ways and Means Committee Chairman Paul Ryan.

Last week I wrote about publishing a firm newsletter and the opportunities it opened for me. However, I really became a published author when I met Martin Edelston, the founder of Boardroom Reports and Bottom Line/Personal.

Last Friday, the IRS released Revenue Procedure 2015-20, which lessens the requirements for certain companies to file a Form 3115 while adopting the new repair regulations.

Sen. Rob Portman, R-Ohio, and Congressman Charles Boustany, R-La., have re-introduced a bill in Congress aimed at enabling Enrolled Agents to advertise their credential in more states.

7 things can learn during tax prep to build a stronger client relationship

The American Institute of CPAs sent a comment letter Friday to the Internal Revenue Service about two interpretive issues.

The Internal Revenue Service has issued a notice proposing some requirements for employee consents that can be used to support a claim for refund of employment taxes.

The Internal Revenue Service has issued a new revenue procedure that aims to make it easier for small business owners to comply with the final tangible property repair regulations.

Every firm has markets in which they focus with products and services. These entities (a firm, its markets, products and services) all begin in an Emerging quadrant, and then as they become a more stabilized entity, they move into a Growth quadrant, and over a period of growth they then move to the Maturing quadrant, and finally they move to the Aging quadrant, where they pass away.

The American Bar Association Section of Taxation has created a Tax Assistance Public Service endowment fund that will provide stable, long-term funding for the ABA’s tax-related public service programs for underserved taxpayers, including low-income people, military personnel and disaster victims.

The U.S. House of Representatives voted to revive a lapsed tax break for small businesses that encourages them to purchase equipment.

The House of Representatives voted to revive three U.S. tax breaks that encourage charitable giving in a bipartisan challenge to President Barack Obama’s threat to veto the measure.

Intuit Inc. Chief Executive Officer Brad Smith is facing one of the biggest challenges in his seven-year tenure: how to restore trust in his company after fraudulent tax returns were filed through its TurboTax program.

The Internal Revenue Service delivered a progress report Thursday on tax season so far, noting that it has issued 19.7 million refunds worth more than $66 billion, up slightly from last year’s totals.

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