Tax practice

The Department of Justice has closed its investigation of the scandal over applications for tax-exempt status by political groups and decided not to file criminal charges.

The Internal Revenue Service is cautioning tax preparers that they are prime targets for identity thieves who are looking for data to use when filing fraudulent tax returns.

A couple of our favorite recent tax fraud cases.

Planning for same-sex couples after Obergefell

Exploring the IRS’s tax settlement programs

Piguet Galland & Cie SA will pay $15.4 million to avoid prosecution under a U.S. program that requires participating firms in Switzerland to say how they helped American clients dodge taxes.

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

The Internal Revenue Service recently proposed regulations that could have a big impact on U.S.-based multinational corporations that are considering incorporating a foreign branch operation or transferring intellectual property abroad.

It’s just not in the nature of most accountants to make hassle calls to taxpayer clients who are late coming in to get their returns prepared and filed.

Magician David Copperfield has sued his accountant for failing to file his 2008 and 2009 Canadian tax returns and not telling him his previous accountant didn’t file his 2007 Canadian tax return either.

The Internal Revenue Service has been providing face-to-face assistance to fewer people at its Taxpayer Assistance Centers around the country, according to a new government report.

The Treasury Department and the Internal Revenue Service proposed tax regulations Wednesday to bring the rules in line with recent Supreme Court decisions.

The IRS has announced additional annual inflation adjustments for more than 50 tax provisions for 2016, including the tax rate schedules and other tax changes.

The Internal Revenue Service released its annual update Wednesday on the cost of living adjustments for pension plans and retirement plans for next year, along with the amounts of standard deductions and other tax benefits.

Starbucks Corp. and a Fiat Chrysler Automobiles NV unit must each pay as much as 30 million euros ($34 million) in back taxes after the European Union said they were handed illegal fiscal deals by the Netherlands and Luxembourg.

The impact of the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan is still unclear, but tax executives are planning ahead for changes on the international tax front.

The Internal Revenue Service met with a group of state tax administrators and tax industry leaders Tuesday to discuss additional steps they are taking for next tax season to strengthen safeguards against identity theft and tax refund fraud.

The Internal Revenue Service has recently updated its Entertainment Audit Technique Guide to help tax professionals when reporting various items related to the entertainment industry.

Sageworks plans to add an Electronic Tax Return Reader as an enhancement to its ProfitCents and Valuation software.

If the House Republicans' Benghazi investigation craters after former Secretary of State Hillary Clinton's testimony this week, the chamber's right-wing caucus has a sequel in mind: attempting the second impeachment of an executive branch appointee in 226 years.