Tax practice

Referrals from satisfied clients still top the list of marketing word-of-mouth for tax preparers. But what kind of non-prep professional provides the best business connection?

Some of our favorite recent tax fraud cases.

The Internal Revenue Service has expanded its awards to whistleblowers, allowing tipsters to claim a potentially greater share of the proceeds the IRS collects on extra tax revenue.

One of the things separating national franchise tax systems from independent offices is the fact that they have a system, which provides a proven, reliable way to run the business.

The Internal Revenue Service did not always follow all the legal requirements when conducting seizures of taxpayer property, according to a new government report.

Nearly half the members of the U.S. Senate have signed a letter expressing concern about a tax reform proposal to require the use of accrual accounting and are urging the leaders of the Senate Finance Committee to preserve the option of the cash method of accounting for tax purposes.

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

President Barack Obama put the blame on accountants for the wave of companies doing tax inversions.

The owner of a New Jersey business has been sentenced to a year and a half in prison for willfully preparing false tax returns for clients.

Nearly 80 percent of Americans feel vulnerable to tax scams, according to a new survey, but nearly 60 percent of the respondents said they do not know how to prevent or protect themselves from falling victim.

Walgreen Co., the biggest U.S. drugstore chain, said it plans to pay about $15.3 billion for the part of Alliance Boots it doesn’t already own, and won’t use the deal to move its tax address abroad. The shares fell.

President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.

Some of our favorite recent tax fraud cases.

The U.S. Treasury Department is examining whether it has the authority to bypass Congress and curb corporate inversions, reversing the administration’s prior insistence that it lacked power to act.

The Internal Revenue Service is generally providing accurate income and family size information to health insurance exchanges to determine the eligibility of individuals for health insurance and the Advance Premium Tax Credit, according to a new government report.

The Internal Revenue Service is offering tax relief to U.S. citizens and resident aliens living or working in war-torn South Sudan.

Back in May 2013, I wrote an article for Accounting Today, “Taxing Times for the Restaurant Industry.” References to it popped up in a few blogs and law firm websites shortly thereafter, so it appears someone was reading! In that article, I spoke about Form 1099-K, the IRS-mandated procedure for reports issued by credit card companies to taxpayers that accept credit cards for payment.

The Obama administration asked the full U.S. Court of Appeals in Washington to reconsider a three-judge panel’s ruling that customers on the federal marketplace authorized by the health-care overhaul are ineligible for subsidies to buy insurance.

Organic growth of a practice is one path to success – but inking the dotted line can sometimes seem a lot faster.

A Staten Island, N.Y., woman has admitted to playing a role in one of the largest and longest-running stolen identity tax refund fraud schemes ever identified.