Practice management

The IRS is reminding preparers and their clients with low-to-moderate income that they can take steps now to save for retirement and earn a special tax credit in 2014 and beyond with the Saver’s Credit.

Intuit is now offering guidance for tax pros on the Affordable Care Act.

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

Two recent reports have found that the IRS could improve its decision-making in IT security, and that its inventory control over wireless devices.

Singer-songwriter Joni Mitchell was referring to environmental impacts when she sang, “Don’t it always seem to go/That you don’t know what you’ve got/Till it’s gone” in Big Yellow Taxi. But chances are, many accountants have the same thought after a client leaves the practice—especially someone who was with the firm for several years.

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

Both parties in Congress agree the U.S. Tax Code is a mess and needs to be revamped. That doesn’t mean it will happen.

The crime of stealing tax refunds through identity theft is “no longer exploding,” U.S. Internal Revenue Service Commissioner John Koskinen said yesterday.

CPAs are expanding the range of specialties and advisory services they are offering clients, according to Carl Peterson, vice president of small firm interests at the American Institute of CPAs.

Taxpayers with undisclosed foreign assets face an even greater risk of detection than ever before.

The Internal Revenue Service has issued a notice warning that some employer-sponsored health plans will need to provide better coverage for in-patient hospitalization services to qualify as minimum coverage.

The Internal Revenue Service’s Criminal Investigation unit needs to improve its search and seizure warrant process to ensure that the evidence it seizes is properly secured and controlled, according to a new government report.

Years of budget cuts are having a negative impact on the ability of the Internal Revenue Service to collect delinquent taxes, according to a new government report.

Raoul Weil, who once ran UBS AG’s global wealth-management business, was cleared at trial of tax conspiracy despite the bank’s historic admission in 2009 that it helped thousands of U.S. clients abuse Swiss bank secrecy to cheat the Internal Revenue Service.

I’ve been around a long time and did some really great things. I’ve also made some mistakes. The mistakes linger on my mind more than many of the great things, and I am sharing some of the mistakes here.

CPA comedian Greg Kyte and accounting firm consultant Gale Crosley suggested ways for accountants to grow their practices during keynote addresses kicking off Accounting Today’s Growth & Profitability Summit 2014 on Sunday in Boca Raton, Fla.

The shift from CPA to financial advisor requires a shift in mindset.

The IRS Information Reporting Program Advisory Committee thinks the IRS should expand its TIN Matching Program, according to its recently released annual report.

Some of our favorite recent tax fraud cases.