Tax practice

Thomson Reuters has released a new program to help tax professionals and accounting firms educate their clients, prospects and client service teams about the latest developments in the field.

The Internal Revenue Service cannot readily identify American citizens and resident aliens working in a foreign country, as well as resident aliens working in the United States, who may have improperly claimed exemption from U.S. Social Security taxes, according to a new government report.

Senator Elizabeth Warren urged the Treasury Department to finalize its rule limiting the tax benefits enjoyed by private equity managers.

A slideshow of education-related tax opportunities

The new ACA Information Center page on IRS.gov features information and resources for employers of all sizes on how the health-care law may affect them.

The Internal Revenue Service does not have the controls and processes that it needs to avoid paying out erroneous Foreign Tax Credit claims, according to a new report.

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

Handling tax controversy cases before the IRS calls for more than just tax expertise

Two recent reports demonstrate how tax breaks at the state and federal level can help reduce poverty.

First, a bit of non-news: College is expensive. Last school year, private colleges averaged over $31,000. But there is some relief available from a tax perspective.

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report.

Tax services firm Ryan has acquired EnerTax Consultants to expand its severance tax practice into one of the biggest in the U.S.

The Internal Revenue Service’s Collection Due Process Program, which allows taxpayers to appeal a tax levy or lien, continues to experience problems, according to a government report.

The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department recommending that S corporations be entitled to the same tax deductions as C corporations when it comes to worthless stocks.

Victims of the July extreme weather in parts of Kentucky may qualify for tax relief from the IRS.

The Internal Revenue Service faced challenges last tax season from the late enactment of dozens of tax provisions that were set to expire, along with fraudulent refund claims, declining levels of telephone assistance and other issues, according to a new government report.

H&R Block’s Tax Institute runs three taxpayer scenarios

Some of our favorite recent tax fraud cases.

As the Baby Boomer generation ages and faces the prospect of needing to hire caregivers, accountants are increasingly being called upon to help families sort out the tax issues associated with hired domestic help.

Coca-Cola Co. received notice from the Internal Revenue Service that it owes about $3.3 billion in extra taxes, plus interest, becoming the latest global company to clash with the agency over profits booked in foreign countries.