Practice management

The Internal Revenue Service paid approximately $33 million for paper tax records storage services in fiscal year 2013, and as of March 2014, and the agency had 5.42 million cubic feet of paper tax records stored at various Federal Records Centers across the country, according to a new report.

The Internal Revenue Service did not always follow its own internal procedures for undelivered tax lien notices, according to a new government report.

Raoul Weil, once the head of UBS AG’s global wealth-management business, didn’t know that “rogue” underlings were helping Americans evade taxes, his lawyer told jurors at the start of a trial in Florida.

AbbVie Inc. may scrap or renegotiate its planned 32.4-billion-pound ($51.5 billion) deal for Dublin-based drugmaker Shire Plc, in what would be the biggest casualty of the U.S. crackdown on so-called tax inversions.

Ireland’s government will phase out a tax shelter used by U.S. companies from Google Inc. to LinkedIn Corp., amid mounting pressure from international authorities.

Accounting and consulting firm Moss Adams LLP has released its annual Year-End Tax Planning Guide outlining some of the key tax issues and potential pitfalls for next year.

While the Internal Revenue Service has taken a number of actions to implement requirements of the Plain Writing Act, more needs to be done to ensure that letters and notices are understandable to taxpayers, according to a new government report.

Thomson Reuters said Tuesday it has been awarded a new multi-year contract from the Internal Revenue Service to provide research resources for the agency.

Raoul Weil, once the head of UBS AG’s global wealth management business, faces a criminal trial that may turn on the credibility of a former subordinate who says he and Weil helped Americans evade taxes.

You’re having a perfectly fine time at a party, reception, barbecue, ballgame, meal or any other gathering, when out of nowhere you’re bombed by a taxpayer with that most loaded question: “Mind if I ask you something?”

Baby boomers have been driving and are expected to continue to drive an increase in the sale of businesses in the next decade, given their influential ownership of private companies.

One of my partners once was asked to recommend an accountant who could do corporate tax returns for a very large company.

Your first tool to secure business – and your first shield of protection if that business goes sour – depends on essential ingredients, according to preparers speaking about good engagement letters.

Some of our favorite recent tax fraud cases.

The TIGTA recently released the review of an audit it conducted on the Collections Due Process Program.

The IRS's field workload selection process is not designed to ensure cases with the highest collection potential are worked, according to a new report.

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

A number of different IRS systems and services will be unavailable at different points over the Columbus Day Weekend.

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

Identity theft is a growing and frustrating problem in today’s world.