Tax practice

The Senate Finance Committee released a series of reports Wednesday from five bipartisan tax working groups working on various aspects of tax reform.

Step aside, Doctors Without Borders. A new class of professionals is ignoring national frontiers to come to the aid of economically struggling nations.

A group of lawmakers has introduced legislation to roll back guidance from the Treasury Department that prohibits employers from using stand-alone health reimbursement arrangements to reimburse employees for health care-related expenses.

A Bulgarian hacker has admitted to participating in a $6 million fraudulent tax return scheme in which he used tax-filing information stolen from at least four major CPA firms in the U.S.

The New Jersey Tax Court denied Morristown Medical Center a property tax exemption because it did not operate like a non-profit.

Arkansas taxpayers who were victims of severe storms, tornadoes, straight-line winds and flooding that began two months ago may qualify for tax relief from the IRS.

The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address, suggesting that virtually all of them are still eligible for government contracts.

Some of our favorite recent tax fraud cases.

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

The Justice Department said Friday that British Petroleum has agreed to pay a record-breaking $18.7 billion settlement to resolve claims related to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010, but advocacy groups are warning that the settlement is largely tax deductible for BP.

The Federal Trade Commission says that 2014 marked the fifth consecutive year that tax-related identity theft was the most common form of reported identity theft.

In the wake of high-profile data breaches at the Internal Revenue Service and other federal agencies, a new government report warns the IRS against expanding its online customer service options before completing key technology upgrades.

Small business groups are sounding a warning about an obscure Internal Revenue Service rule that takes effect Wednesday imposing heavy fines on small businesses for helping defray the cost of their workers’ insurance or medical expenses.

Jeb Bush made $29 million in the first seven years after he left public office, dramatically increasing his wealth during a recession, a financial crisis and the Obama presidency he has criticized.

Now that the school year has ended, it is time to consider childcare and taxes during the summer months.

The District Court for the Northern District of Ohio denied a couple’s theft loss deduction for the worthless stock they acquired as part of a “pump and dump” scheme.

Wolters Kluwer Tax & Accounting US has released two new tax briefings on the Supreme Court’s rulings last week on the Affordable Care Act and same-sex marriage, along with trade legislation that contained several tax provisions.

The Supreme Court’s landmark ruling last Friday allowing same-sex marriages in every state opens up new tax and financial planning horizons for couples.

Tunde Fowler used to get death threats when he began collecting levies in Nigeria’s commercial hub of Lagos 10 years ago. Today he gets hailed as Tax Muyiwa, a nickname that means “bring your tax” in the local Yoruba language.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, plans to introduce legislation in the wake of last week’s Supreme Court decision on same-sex marriage to change the Tax Code to provide gender-neutral treatment for spouses.