Tax practice

As we get closer to the end of yet another year, it’s time to tie up the loose ends and implement tax-saving strategies.

The Republican Party's leading presidential candidates clashed over how to reform the nation's financial system and handle immigration in their fourth debate on Tuesday, exposing deep rifts in the Republican Party and starkly different strategies for winning the election.

TaxAct has launched TaxAct ProAdvance, an online resource center to help professional tax preparers grow their businesses.

The Internal Revenue Service needs to improve its detection of business identity theft, according to a new government report.

Wolters Kluwer Tax & Accounting US and Marcum LLP have released a pair of year-end tax-planning guides.

Seven former Internal Revenue Service commissioners dating back to the Kennedy administration have written a joint letter to the leaders of Congress’s appropriations committees urging them to reconsider proposed cuts in the budget for the agency they once ran.

The widow of Texas billionaire Charles Wyly told a judge the IRS wrongly accused her of a “sinister” tax-avoidance plot to bolster the agency’s $1.2 billion claim in her bankruptcy case.

The Internal Revenue Service has introduced a formal policy to assist identity-theft victims in getting copies of bogus tax returns filed in their name.

EA Tynisa Gaines has written a book for teens facing a major rite of passage: filing their taxes for the first time.

It’s never too late in the year for you and your clients to get ready for next tax season.

For the fourth year in a row, the whistleblower awards that the Internal Revenue Service pays to tipsters will be reduced.

In my early days I would get many leads for clients who told me they were switching accountants because they believed they were paying “too much tax.”

Rep. Mark Pocan, D-Wis., has introduced two pieces of legislation to combat corporate tax inversions and tax deferral.

Some of our favorite recent tax fraud cases.

The Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan is likely to have a major impact on tax planning at multinational corporations by both tax professionals and corporate treasurers.

A significant amount of planning is typically involved before most major events. For example, the D-Day invasion was planned and scheduled with extreme detail months before its execution on June 6, 1944. Likewise, accountants each year experience a tax season that requires detailed planning and precise execution.

A new Inspector General report faults the security of the computer connections at the Internal Revenue Service.

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

The sharing economy has created untold numbers of micro-entrepreneurs, who provide services through digital-age apps.

The House passed a highway funding bill Thursday that includes a provision reviving the use of private debt collectors by the Internal Revenue Service.