Practice management

The Internal Revenue Service has issued a revenue procedure to help taxpayers with so-called “mezzanine” financing in workouts and similar circumstances when they have debts that have been discharged in connection with real property.

U.S. Wealth Management CEO John Napolitano discusses how CPAs can start a financial planning practice and how the initiative can go wrong, in an interview with Accounting Today editor-in-chief Daniel Hood.

Senate Finance Committee chairman Max Baucus, D-Mont., was confirmed Thursday as U.S. Ambassador to China, which could prolong an investigation of the Internal Revenue Service’s handling of tax-exempt applications, along with tax reform efforts.

Businesses often take a risk in the development of new products and processes.

Crowe Horwath has introduced technology to help companies comply with the Securities and Exchange Commission’s new conflict minerals rule requiring them to perform due diligence to determine whether their products contain tin, tantalum, tungsten, or gold, determine the country of origin for those minerals and report their findings to customers and the SEC.

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

Refundo, a provider of low-cost tax-related bank products, has partnered with online- and app-payment provider Stripe to allow tax offices to accept credit card payments through Refundo’s online platform.

The Internal Revenue Service's new commissioner, John Koskinen, told a congressional hearing Wednesday that the IRS has received an unprecedented number of comments on its proposed regulations for 501(c)4 tax-exempt groups and they will not be finalized anytime soon.

The Treasury Department said Wednesday the U.S. has signed intergovernmental agreements with both Canada and Hungary to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to discourage offshore tax evasion.

International Business Machines Corp. has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.

If you want your content to make a direct hit on your target market, aim with precision.

Sageworks has released PinPoint, a new Web-based business valuation software product for CPA firms, valuation firms and private equity firms that complies with the American Institute of CPAs’ standards for valuation services.

Who is the tax preparer's client -- the taxpayer, or the IRS?

The security of the Internal Revenue Service’s new online app for requesting tax transcripts is receiving extra scrutiny after the security and vulnerability to identity theft has been questioned, but the IRS contended it is taking steps to safeguard the security of the service.

The Internal Revenue Service has updated and improved its IRS2Go mobile app this tax season, adding new features including a way to track the status of a taxpayer’s tax refund.

Automobile repair and maintenance shops are recovering slowly from the recession and could benefit from more help from their accountants, according to a new report.

The number of criminal prosecutions referred by the Internal Revenue Service to the Justice Department has increased 23.4 percent during the Obama administration.

Congressman Richard E. Neal, D-Mass., the ranking Democrat on the House Ways and Means Select Revenue Subcommittee, has introduced legislation containing a number of tax and other provisions with the goal of jumpstarting the economy, financing investment in infrastructure, fighting income inequality and creating jobs.

Changes in the implementation of the Affordable Care Act could pose a challenge for the Internal Revenue Service's customer service, according to a new government report.