Tax practice

Weighing the cost and benefits of small-business repair-reg relief

A federal grand jury indicted a Brooklyn tax preparer, charging him with 31 counts of aiding and assisting in the preparation of false federal income tax returns.

Although Republicans are outlining a proposal to provide an “off ramp” for states and consumers to exit the Affordable Care Act, and the Supreme Court is hearing oral arguments on a legal challenge to the federally-operated health exchange, state exchanges have been up and running.

If a taxing entity changes its tax law to retroactively include a transaction, should the hapless taxpayer be bound by the new rule?

The House Ways and Means Committee passed seven bills Wednesday aimed at reforming the Internal Revenue Service.

Bloomberg BNA has released a new analysis of the recent sweeping changes in New York State’s corporate tax laws.

The consumer finance site Wallethub has ranked the best and worst states across the country where taxpayers can find accountants to help prepare their taxes.

On March 31, anyone who hasn't filed their taxes yet might reassure themselves that two whole weeks remain. Accountants see it differently and act accordingly: To encourage people to file early, certified public accountants and tax preparers offer discounts for early filers, raise fees for latecomers, and even employ a few scare tactics.

Tax season is supposed to be over on April 15. But among certain groups—especially the wealthy—filing for an extension until Oct. 15 is now routine.

Senator Ted Cruz threw his hat into the ring to launch his candidacy for the Republican nomination this week, promising among other things to get rid of the Internal Revenue Service.

The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee.

Finding and retaining top talent is challenging for employers across every industry, including the accounting profession.

Small and midsize accounting practices are generally optimistic about growth this year, particularly in the area of advisory and tax services, according to a new global survey.

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

Employees at the U.S. Department of Housing and Urban Development and the Government Printing Office are among the federal workers most likely to be delinquent on their taxes, according to data released Tuesday by the government.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, has sent a letter to Internal Revenue Service commissioner John Koskinen asking the agency to issue guidance to make clear that electrical vehicle charging provided by employers is a de minimis fringe benefit.

The Millennial generation is the most diligent when it comes to filing their taxes early, according to a new survey.

The Internal Revenue Service has released new data showing how successive rounds of budget cuts had an impact on activities at the agency last fiscal year.

A federal appeals court has sided with the Internal Revenue Service in a case involving a war resister who refused to pay taxes.

A new government report finds some early evidence that the Advance Premium Tax Credit probably contributed to an expansion in health insurance coverage last year, but also notes that some taxpayers still lack access to affordable health plans.