Tax practice

The IRS and Free File Alliance have unveiled Free File with many changes and updates for 2016, including more free state return options and easier Form W-2 imports.

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

Clients often think that because their passion automatically equals a business -- but tax authorities are sticklers for precise terminology.

U.S. Wealth Management CEO John Napolitano describes how CPA financial planners can leverage tax season meetings.

With tax season set to start on January 19, there are a number of important tax changes that taxpayers and preparers should be aware of to help make the filing process as smooth as possible.

Democratic presidential candidate Hillary Clinton’s call Tuesday to increase taxes on the wealthy and close “loopholes” didn’t address the candidate’s own moves to shield at least part of the value of her New York home from the estate tax.

The three lucky winners of the record-breaking $1.6 billion Powerball jackpot will need some help with their taxes this year, next year, and probably the years to come.

It’s still not too late to make New Year’s resolutions, particularly for those who end up not keeping them. But anyone engaged in the tax preparation industry would do well to consider these suggestions.

The Internal Revenue Service is getting set for the opening of the 2016 individual income tax-filing season on January 19, promising improved taxpayer service and security, and a functioning Practitioner Priority Line, thanks to a funding boost from Congress.

Tax preparation chain Jackson Hewitt Tax Service now offers American Express Serve for clients to receive tax refunds.

The Internal Revenue Service took an average of 70 days to accommodate requests by disabled employees for adaptive technology, according to a new report, even though it’s only supposed to take 15 days unless there are extenuating circumstances.

Bloomberg BNA is releasing its annual report on the year ahead in tax and accounting, containing a collection of over 20 articles from its reporters on the outlook for tax legislation, international taxation, state taxes, Supreme Court tax cases, accounting standards and other topics.

A pair of reports from the Government Accountability Office found serious problems with the Internal Revenue Service’s processes for determining which individuals and businesses should be audited.

President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address.

Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter.

The Internal Revenue Service has released the first of a series of YouTube videos providing information on how taxpayers can protect their tax and financial data.

Global tax services firm Ryan has won a lawsuit challenging the provisions of a regulation governing consultant fee arrangements, especially the limitation on contingent fee arrangements.

The Internal Revenue Service has issued correction procedures for employers who have paid benefits in excess of $130 per month in 2015 and wish to make corrections on their fourth quarter Form 941 in response to recent legislation.

Democratic presidential candidate Hillary Clinton on Monday tweaked opponent Bernie Sanders for not yet releasing his tax proposals, adding yet another issue to her list of policy complaints about the Vermont senator who is rapidly gaining on her in many polls.

Hillary Clinton is calling for a 4 percent tax surcharge on Americans making more than $5 million annually, a move that would lead to the highest top U.S. income tax rate in 30 years.