Practice management

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

The Internal Revenue Service introduced Form 1023-EZ in July to streamline application for recognition of tax exemptions under Section 501(c)(3) of the Tax Code. However, the agency’s decision to streamline exempt processes has sparked criticism from large charity groups, although some have applauded the agency for introducing this program.

The IRS is warning international financial institutions complying with the Foreign Account Tax Compliance Act of an ongoing fraud.

The Internal Revenue Service does not have the information it needs to ensure that employers are eligible for and comply with the Voluntary Classification Settlement Program, according to a new government report.

Pfizer Inc. has approached Actavis Plc about a deal that could allow the U.S. drugmaker to move its address overseas and reduce taxes, in a sign the Obama administration’s efforts to curtail inversions might fall short.

The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act.

Twenty years ago, a Central Withholding Agreement could easily be negotiated via a phone call and follow-up letter to a designated Internal Revenue Service agent. Today, that’s not the case.

The Treasury Department’s new steps to curb the tide of corporate inversion deals and the Organization of Economic Cooperation and Development’s recently released recommendations aimed at combating tax base erosion and profit shifting signal increasing momentum in the battle to prevent corporate tax revenues from eroding.

The Treasury Department announced steps that will make it harder for U.S. companies to move their addresses outside the country to reduce taxes, clamping down on the practice known as inversions.

Is your firm experiencing double-digit organic growth year after year? If so, you have achieved something that almost every firm in the country would love to emulate. If you answered no, you might be underachieving—and the most important question is why.

The Internal Revenue Service is being urged to move up its W-2 filing deadline to January 31 and to lower the threshold for requiring electronic filing of W-2 returns in an effort to curb the growing trend of identity theft related tax fraud.

The Internal Revenue Service has announced the new 2014-2015 per diem rates that taxpayers can use, starting October 1, to substantiate their expenses for lodging, meals and incidental expenses when traveling away from home.

Maurice “Hank” Greenberg’s Starr International Co. seeks a refund for overpayment of taxes for 2007 in a $38 million lawsuit against the U.S.

Over the last year, the House and Senate have both proposed bills to renew a number of popular tax breaks for businesses and individuals. These “extenders” include some important changes of which tax preparers and accountants — especially those dealing with the nation’s small and midsized businesses —need to be aware.

Time again to address the annual most important detail of your practice: How much should you raise your fees?

Some of our favorite recent tax fraud cases (and names).

Nine individuals have been indicted in two separate conspiracies in Portland, Ore., each of them claiming more than $1 million in fraudulent tax refunds, according to the Justice Department and the Internal Revenue Service’s Criminal Investigation unit.

The IRS released an advanced copy Thursday of Rev. Proc. 2014-54, which provides guidance on certain changes in method of accounting for dispositions of tangible depreciable property.

It’s important to get an up-close look at a client’s business in order to save it.

Despite their high payouts, international stocks and funds can come with big tax bills, but there are ways to offset those hefty levies.