Practice management

New guidance for employees in the Appeals division of the IRS goes into effect in the first week of September.

A recent call on a CPA client firm in the Midwest led to this exchange with the managing partner of the firm: “Greg….we just don’t have time to plan strategically, primarily because our clients are starting to feel the start of the boom and we are running like crazy to keep up with them.”

U.S. taxpayers reported $9.1 trillion in adjusted gross income (less deficit) for tax year 2012, according to the most recent IRS Statistics of Income Bulletin.

The IRS is reminding truckers and other owners of heavy highway vehicles that they may need to file their next federal highway use tax return by Tuesday, September 2.

Some of our favorite recent tax fraud cases.

IRS Commissioner John Koskinen told tax preparers and others who are frustrated with long wait times on the service’s phone lines to call their member of Congress.

Newly issued Revenue Procedure 2014-49 provides temporary relief from certain requirements of Section 42 of the Tax Code in the context of a "major disaster."

The Tax Court sided with the plaintiff in a recent case involving the rules surrounding the home office deduction.

CPA firms need to treat succession planning like Sylvester Stallone’s character, Barney, does in the movie "The Expendables 3."

The First Circuit has held that in determining the tax treatment of an FCA civil settlement, a court may consider factors beyond the mere presence or absence of a tax characterization agreement.

The perpetual drumbeat for tax reform continues to echo around Capitol Hill.

U.S. businesses paid $671 billion in total state and local taxes in fiscal year 2013, according to an annual study.

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

The Internal Revenue Service needs to improve its strategy to ensure accurate reporting and payment of the Medical Device Excise Tax, according to a new report released by the Treasury Inspector General for Tax Administration.

In case you haven’t heard, National Grandparents Day is just around the corner, on September 7.

The Internal Revenue Service has denied tax-exempt status to a group that claimed it was dedicated to protecting the human rights of defenseless victims of involuntary microwave and mind control attacks.

A federal judge asked the Internal Revenue Service for more information on efforts it made to recover missing e-mail from the computer of an agency official at the heart of a quarrel between Congress and the Obama administration over scrutiny of Tea Party organizations.

One time I got a client who was on the verge of going out of business and he asked if there was anything we could do to stop it from happening.

The Internal Revenue Service has issued new rules for changing a method of accounting for retail inventory.

The Internal Revenue Service has issued a new one-page publication with information about exemptions to the health coverage requirements of the Affordable Care Act.