Tax practice

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

QuickBooks maker Intuit and American Express now offer eligible preparers the option of putting some clients’ IRS refunds on a new American Express Serve Card, a reloadable prepaid account.

H&R Block is debuting a new program to encourage consumer savings at tax time, working with the Consumer Financial Protection Bureau, the U.S. government agency charged with making financial markets work for American consumers, to encourage consumers to use tax refunds to build savings.

One of the efforts states are making to increase their revenue stream is to tighten up their enforcement of worker misclassification.

The Internal Revenue Service has released proposed regulations to address the tax treatment of distributions from designated Roth IRA accounts under tax-favored retirement plans.

The Internal Revenue Service has issued final regulations on the deductibility of expenses for lodging when an individual is not traveling away from home, permitting them in some cases for taxpayers who pay or incur local lodging expenses.

Ford Motor Co. lost another bid to recoup $445 million in interest on overpayment of income taxes, with an appeals court in Cincinnati, Ohio, blaming inconsistent tax agency rules for its denial.

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

The Internal Revenue Service has strengthened the security of its e-Services registration process for tax professionals and taxpayers as identity theft and data breaches have become a greater concern.

While coping with a series of budget cuts and employee reductions in recent years, the Internal Revenue Service managed to increase the total dollars it received and collected for the third consecutive year, according to a new government report.

An Oklahoma federal judge dealt a blow to President Barack Obama’s health-care law, invalidating IRS rules aimed at making policies affordable for consumers around the country.

Internal Revenue Service Commissioner John Koskinen told a congressional subcommittee about the IRS's progress on the Affordable Care Act and the impact that tax subsidies will have next tax season.

Affordable Care Act considerations for year-end planning.

A roundup of recent tax news.

Businesses need help fixing agency mistakes.

The Internal Revenue Service is providing more time to farmers and ranchers in 30 drought-stricken states to defer taxes on any gains from forced sales of livestock.

The Internal Revenue Service has decided not to appeal a district court case which ruled that the agency doesn’t have the authority to regulate return preparers’ contingent fee arrangements for refund claims.

The Internal Revenue Service’s collection efforts need to be improved to make sure that delinquent taxpayers residing in foreign countries comply with their U.S. tax obligations, according to a new government report.

The Internal Revenue Service could be missing out on some opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible, according to a new government report.

In October the IRS will send warning letters to preparers who appear not to be complying with due-diligence requirements for the Earned Income Tax Credit.