Tax practice

The Marketplace Fairness Act, which the Senate passed last week, would require e-commerce vendors to collect sales taxes not only on physical items, but also on digital goods such as ebooks and music downloads.

New York State Attorney General Eric Schneiderman and the chairmen of some key legislative committees have proposed a major overhaul of state laws governing the nonprofit sector in the first major reforms in 40 years, including improved oversight of audits by the charity's board and the hiring of independent auditors.

The acting commissioner of the Internal Revenue Service said the agency’s errors in targeting small-government groups stemmed from the lack of a “sufficient process” and weren’t the result of partisanship.

ADP is enhancing its ADP Tax Credits software to help companies capture Work Opportunity Tax Credits for hiring employees.

Usually when we hear a discussion about fraudulent transfers, it is in the context of a client who has just been sued and now wants to protect his or her assets.

The American Institute of CPAs has sent a letter to the Internal Revenue Service asking the IRS to re-evaluate some of its proposals for a safe harbor method for the home office deduction, even though the AICPA acknowledged that the method would be simpler for taxpayers to use.

President Barack Obama called it “outrageous” for the IRS to target groups promoting limited government for special attention, as a Democratic panel chairman became the latest to announce a congressional probe.

On the heels of continuing revelations about the Internal Revenue Service’s targeting of Tea Party groups for extra scrutiny in evaluating applications for tax-exempt status, the Government Accountability Office has released a new report finding that the IRS needs to improve its internal controls.

A coalition of charitable organizations is calling on Congress to protect the charitable deduction as leaders of Congress’s tax-writing committees step up their efforts to forge comprehensive tax reform.

At least two congressional committees plan to hold hearings on the Internal Revenue Service’s admission that it targeted for special attention groups promoting limited government.

IMGCAP(1)]The U.S. government is expected to publish final tangible property regulations later this year.

Members of Congress have introduced several bills this week to keep student loan interest rates from doubling in July.

The Internal Revenue Service is cautioning tax-exempt organizations such as charities and other not-for-profits that they face a deadline of May 15 under which they are required by law to file annual reports.

An Internal Revenue Service official apologized for what she called the agency’s improper flagging of some anti-tax Tea Party groups for extra scrutiny.

The Internal Revenue Service said Friday that it will be making changes to the filing requirements for corporate and partnership taxpayers with assets of between $10 million and $50 million.

The Internal Revenue Service’s Criminal Investigation unit released an annual report Friday showing that it increased investigations, prosecutions and convictions of tax evaders last year.

There is sometimes a disconnect in the handling of dependency exemptions and related tax credits between what courts advise a taxpayer to do and what the Tax Code actually permits.

The IRS has determined that it will follow the holding of a famous case in matters where Internet service providers are approached for contents of e-mail.

The Internal Revenue Service is teaming up with tax authorities in the United Kingdom and Australia to battle offshore tax havens after uncovering new information on specific taxpayers and advisors.

The leaders of Congress’s two main tax committee teamed up Thursday to launch a new Web site and Twitter feed, with the goal of getting input from the American public on tax reform.