Tax practice

The Internal Revenue Service discovered last month that criminals accessed around 104,000 tax returns through its Get Transcript application and tried to get hold of approximately 100,000 more.

Victims of the severe storms, tornadoes, straight-line winds and flooding early last month in parts of Oklahoma may qualify for tax relief from the IRS.

The IRS’s initiative to expand online services for taxpayers makes it more likely that the U.S. tax agency will be hit by “hackers and other fraudsters,” the agency’s inspector general said Tuesday.

The digital edition of the June 2015 issue of Accounting Today is now available.

Microsoft Corp. and the IRS are back in court, this time fighting about the U.S. tax agency’s interest in hiring David Boies, the lawyer who beat Microsoft in an antitrust case in 2000.

The Internal Revenue Service is clarifying some of its procedures for changing a method of accounting.

The U.S. investigation of corruption in soccer’s governing body is moving to a new phase that will bring criminal charges against more people, the Internal Revenue Service’s chief investigator said in an interview.

The Internal Revenue Service has agreed to change its policy on identity theft and provide victims with copies of the fraudulent tax returns that have been filed under their names by scammers.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Some of our favorite recent tax fraud cases.

The Internal Revenue Service has new deficiencies in its internal controls over financial reporting, according to a new report from the Government Accountability Office.

A new report from Ernst & Young demonstrates how many multinational corporations are being pushed in the direction of greater transparency about their tax strategies as their reputations come under attack in the U.S. and abroad for shifting their profits to tax havens.

A unit of Societe Generale SA based in Switzerland and three other banks agreed to pay a total of $2.2 million in penalties for helping American clients avoid taxes.

The Internal Revenue Service has issued a notice asking for comments on the effect of the new revenue recognition standards on taxpayers’ methods of tax accounting.

Minimizing self-employment taxes to owners of pass-through entities

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

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

On the heels of a disclosure this week that identity thieves were able to access 104,000 tax returns through the Internal Revenue Service’s Get Transcript application, a new report finds that the IRS is improving its identification of fraudulent tax returns involving identity theft.

An after-action report on the 2015 filing season.

Thomson Reuters has released the fourth edition of its treatise, "Tax Planning for Highly Compensated Individuals," by Robert E. Madden on the Thomson Reuters Checkpoint service.