Tax practice

Check out the digital edition of the February 2015 issue of Accounting Today.

President Barack Obama sent a $4 trillion budget blueprint to Congress today that would raise taxes on corporations and the nation’s top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual U.S. budget deficit.

Some of our favorite recent tax fraud cases.

Issues to keep an eye out for as the 2015 tax season progresses

Does it have to be as bad as all that?

It seems to me we should would want to optimize our revenue collection efforts

A roundup of tax news from the previous month

2014 tax developments as a guide to 2015

2014 was a busy year for sales tax issues

A new study finds that U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year without paying taxes, thanks to complex mergers and acquisitions.

The IRS recently announced an expansion of the list of banks and advisors that trigger the highest penalty bracket within its Offshore Voluntary Disclosure Program.

The owner of a tax preparation business in Washington, D.C., and her son, a schoolteacher, have been convicted of preparing false tax returns for clients.

The Internal Revenue Service’s Free File program, which the IRS operates in conjunction with tax prep software providers, could well entice more taxpayers to self-file this tax season, despite new challenges like the Affordable Care Act.

Fans attending the Super Bowl this weekend may look up in the sky and see a cryptic message: “NAEA, America’s Tax Experts,” and “WhatisanEA.org.”

The Internal Revenue Service is partnering with community-based organizations across the country to promote the annual Earned Income Tax Credit Awareness Day, an effort to alert millions of low and moderate-income workers who may be missing out on a significant tax credit that can be worth up to $6,000.

Senators Rand Paul and Barbara Boxer are proposing a tax incentive for U.S. companies to bring home their offshore cash stockpiles and pledging to use that revenue to fund highways.

The best-laid estate plans just got muddled.

Democrats on the Senate Finance Committee have sent a letter to the Republican chairman, Orrin Hatch, R-Utah, outlining their main principles for tax reform.

In the first Tax Court case that addressed the tax consequences of human egg donations, the court concluded that the compensation received by an egg donor for two donations of eggs was includible in her income.

The small business mentoring organization SCORE has compiled some new statistics demonstrating how much time and money small businesses spend each year on accounting, taxes and payroll administration.