Tax practice

Tax pros weigh in on the ultimate value of the sidelined RTRP program

The Internal Revenue Service is considering expanding a program under which it delays tax refunds for up to six months for delinquent taxpayers.

Zuercher Kantonalbank, one of about a dozen Swiss banks under investigation over whether they helped Americans evade taxes, expects to start talks with U.S. prosecutors this year to resolve the allegations.

The top Republican tax writers in Congress and the biggest U.S.-based companies are warning that global negotiations to limit businesses from shifting profits to low-tax countries could harm Americans.

The Internal Revenue Service has introduced an online tool that will allow users to check on whether a foreign financial institution has registered for the Foreign Account Tax Compliance Act, or FATCA.

U.S. taxpayers have sharply contrasting opinions on the fairness of the various taxes they are forced to pay, according to a new survey.

The National Association of Enrolled Agents reports that it’s “troubled” by recent IRS proposals to institute temporary and voluntary annual filing season certification for preparers next season.

Working with the 'new' one-year/one-rollover rule for retirement plans

A roundup of recent tax news.

State tax authorities are still trying to catch up

These tools may save a marriage -- or at least make your job easier

The profession has tried for years to coordinate, regulate, certify and monitor a vocation where the only tool to control illegal financial trickery is the good will of professionals who probably work hard to obey the law anyway.

Some of our favorite recent tax cases.

Six former Internal Revenue Service employees have pleaded guilty to receiving unemployment benefits while they worked at the agency.

For tax preparers who were somewhat dismayed by the recent IRS statistics indicating a slight drop-off in the number of taxpayers who were using a professional to prepare their taxes as opposed to do-it-yourself tax software, take heart.

The push for a corporate tax holiday to encourage repatriation of an estimated $2.1 trillion in foreign profits seems to have gained traction again, thanks to a recent proposal from former President Bill Clinton, but such an idea could provide multinational companies with the incentive for earnings manipulation, according to a new study.

The IRS has issued a pair of one-page electronic publications containing information for individuals and families about the Affordable Care Act.

(Bloomberg) The U.S. House Ways and Means Committee voted to let companies write off more than half the cost of some investments immediately, providing a $287 billion tax cut to capital-intensive industries.

A federal jury found an 87-year-old Florida man owes the U.S. government civil penalties amounting to 150 percent of the value of his Swiss bank account, the biggest such penalty by percentage on record, his lawyers said.

Employers owed the Internal Revenue Service approximately $14.1 billion in delinquent Social Security, Medicare and individual federal income taxes that they had withheld from employee paychecks as of June 30, 2012, and the Internal Revenue Service is being urged to do more to assess penalties against them.