Practice management

Roughly one in three clients uses multiple accounting firms to meet all of their needs, according to a recent survey by consulting firm L. Harris Partners.

The Internal Revenue Service said Tuesday it has updated its FATCA Foreign Financial Institution List to coincide with the rollout of the Foreign Account Tax Compliance Act.

The Internal Revenue Service has introduced a new 1023-EZ form that shortens the application that charities need to submit if they want to be granted tax-exempt status under Section 501(c)3 of the Tax Code.

The Internal Revenue Service said that unused Individual Taxpayer Identification Numbers, or ITINs, will expire if they are not used on a federal income tax return for five consecutive years.

The Internal Revenue Service has released a new revenue procedure describing the details of its new voluntary tax preparer continuing education program, known as the Annual Filing Season Program.

Or, why your firm should move from scorekeeper to coach

Health care reform tax issues for 2014

A roundup of recent tax-related news.

Educating your clients on the ACA

Foreign financial institutions will face tax withholding penalties on Tuesday, July 1 if they have not begun to make efforts to comply with the Foreign Account Tax Compliance Act, or FATCA.

The Supreme Court clarified a portion of the ACA applying to closely held businesses, by deciding, in a 5-4 ruling, that the Department of Health and Human Services regulations under the Affordable Care Act, which impose a contraceptive mandate, violate the Religious Freedom Restoration Act of 1993.

Sole proprietors and practitioners mainly generate their revenue during tax season from tax preparation clients, but there are other opportunities for them.

The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.

The Internal Revenue Service has issued final regulations on the tax credit available to certain small employers that offer health insurance coverage to their employees under the Affordable Care Act.

It’s probably one of the most frustrating and time-consuming jobs in tax prep: fixing the mistakes of preparers who mangled a business or individual return before you saw it.

A client decided that to grow her business she needed a top-tier sales manager and recruited someone from a much larger competitor.

Tax blogger Robert Flach sees many flaws in the IRS's proposed new voluntary program.

The Internal Revenue Service has issued an updated Qualified Intermediary Agreement for foreign banks that have been approved to withhold funds from a client’s bank account to be paid to the IRS.

Former attorney and CPA Paul M. Daugerdas, 63, has been sentenced to 15 years in prison for orchestrating a massive scheme in which he and co-conspirators hawked fake tax shelters for wealthy individuals to evade more than $1.6 billion in federal taxes.