Tax practice

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.

Senate Republicans blocked a final vote Wednesday on a bill aimed at preventing tax breaks for companies that relocate abroad.

Swiss banks will on the whole meet the deadline for delivering information on offshore accounts to the U.S., improving their chances of settling with the Justice Department this year.

Leaders of the Senate Finance Committee have introduced bipartisan legislation to improve protection for taxpayers against fraudulent tax refund claims made with stolen identities.

Taking advantage of low AFRs before they're gone

A roundup of recent tax news

The shifting state of the IRS's voluntary disclosure program

The Competitive Enterprise Institute, a public policy group that advocates for free markets and limited government, said Thursday its attorneys have petitioned the Supreme Court to review an appeals court ruling last week that upheld an Internal Revenue Service regulation allowing premium tax credits for health insurance purchased on a federal exchange.

A number of groups testified or submitted statements recently at a hearing of the House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access titled “Cash Accounting: a Simpler Method for Small Firms?”

Internal Revenue Service commissioner John Koskinen is putting his hopes in the IRS’s recently introduced Form 1023-EZ, which is intended to expedite applications by small charities for tax-exempt status facing a long backlog.

A bill requiring government agencies to disclose how much companies would be able to claim in tax credits and other benefits when they reach settlements with enforcement agencies has passed a key committee.