Tax practice

Each New Year brings with it issues and regulations—both new and revisited—that cause accountants and their small business clients to scramble in order to remain compliant with the law.

A married couple who are partners in a Louisiana tax preparation service are also allegedly partners in crime, according to prosecutors.

The Internal Revenue Service said it has federal income tax refunds totaling $1 billion waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2011.

The Internal Revenue Service generally has adequate processes in place to prevent inadvertent disclosures of taxpayer information to unauthorized people, but it also understates the number of inadvertent disclosures it makes, according to a new government report.

The leaders of the Senate Finance Committee, chairman Orrin Hatch, R-Utah, and ranking Democrat Ron Wyden, D-Ore., have revived a bipartisan effort to solicit ideas from interested members of the public and other stakeholders on how best to overhaul the tax code to make it simpler, fairer and more efficient.

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

The Internal Revenue Service has issued a notice in anticipation of the ABLE tax-free savings accounts that disabled Americans will soon have the ability to set up to cover expenses such as education, housing and transportation.

The Senate has re-introduced a bipartisan bill aimed at making it easier for states to collect sales taxes on online purchases.

A group of Republican senators have introduced legislation to disallow the Earned Income Tax Credit for prior tax years to any immigrants who would benefit from President Obama’s executive action on immigration reform.

Criminal prosecutions by the Internal Revenue Service appear to be timed to coincide with tax season, according to a new analysis.

Tax season isn't supposed to be fun. But if your civic duty feels extra unpleasant this year, you're not imagining things. Here are four reasons this tax season really is the worst:

Intuit Inc., maker of tax-preparation software TurboTax, said that it has received information requests from the U.S. government following its decision to temporarily halt state tax filing due to fraudulent activity.

A majority of Americans continue to be concerned about the privacy and safety of their personal and financial data when filing their tax returns online.

There are pieces in the budget that may form key elements of negotiations between Congress and the White House

Properly classifying workers is a growing issue

Tax business is booming this season, and problems are rarer than ever

Some of our favorite recent tax fraud cases.

There's no dodging those three little letters anymore: The tax prep requirements of the ACA, or Obamacare, are now due.

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

The Internal Revenue Service has released a set of frequently asked questions and answers in an effort to clarify its tangible property repair regulations.