Tax practice

The U.S. Treasury Department has signed intergovernmental agreements with the Cayman Islands and Costa Rica in an effort to combat offshore tax evasion as part of the implementation of the Foreign Account Tax Compliance Act.

Tips for your clients as 2013 draws to a close

A roundup of tax news from the previous month

What will the IRS do with the 1099 third-party reporting information it receives?

Accounting and advisory firm Marcum LLP has released the 2013 Marcum Year-End Tax Guide.

The Maetreum of Cybele, a 501(c)3 religious organization, has won an appeal from the denial of its applications for real property tax exemptions in the Town of Catskill, N.Y.

The Internal Revenue Service needs to do more to expand use of the Internet by taxpayers to arrange Online Payment Agreements with the agency, according to a new report.

The Internal Revenue Service has released final regulations for the Net Investment Income Tax that was included in the Affordable Care Act.

Deployment of the Internal Revenue Service’s Customer Account Data Engine 2, or CADE 2, database has been delayed and its deployment cost has risen an estimated 74 percent to $83 million, according to a new government report.

The Internal Revenue Service is trying to decide whether to let its employees bring their own smartphones to work to access their email and other services, but a new report suggests that the IRS first needs to perform a better cost-benefit analysis and put in place more stringent security measures, including a ban for now on Android devices.

The Treasury Department and the Internal Revenue Service said Tuesday they are issuing initial guidance regarding qualification requirements for tax-exemption as a social welfare organization under Section 501(c)(4) of the Tax Code after a scandal erupted earlier this year over claims that the IRS was targeting Tea Party groups applying for tax-exempt status.

House Ways and Means Oversight Subcommittee chairman Charles Boustany, R-La., has introduced legislation to reform the Internal Revenue Service’s review of applications for tax-exempt status to avoid unfair targeting of some groups.

Preservation of an unlimited charitable deduction garnered wide support from Senate leaders after more than 200 officials from various nonprofits paid a visit to Capitol Hill last week to lobby lawmakers.

The Internal Revenue Service is making steady progress toward complying with an initiative from the federal government to improve the security of external computer network connections, according to a new government report, but further improvements could still be made.

A bipartisan group of lawmakers is asking the tax-writing House Ways and Means Committee to avoid enacting any proposed tax reforms that would limit accounting flexibility for small businesses.

The Organization for Economic Cooperation and Development announced some new steps that the international community is taking toward automatic exchange of tax information between governments worldwide and published ratings of how well countries are complying with demands for greater transparency.

The IRS is starting this year's Earned Income Tax Credit due diligence compliance audits of return preparers.

The Internal Revenue Service needs to increase its oversight over its technology hardware maintenance contracts to ensure it isn’t paying for unnecessary services, according to a new government report.

Last week I moderated an Accounting Today Webinar, sponsored by SurePayroll, on the 2014 Tax Season Toolkit.

Corporate capital expansion plans present opportunities for companies to leverage tax credits and incentives, according to a new study by Ernst & Young that found such plans driving activity in this area.