Tax practice

Small businesses are more likely to comply with the tax laws if they are in certain comunities of the country and if they have more trust in their tax preparer, according to a report by the Taxpayer Advocate Service.

The Internal Revenue Service said Monday that it would provide tax penalty relief to anyone unable to file on time due to severe storms in parts of the South and Midwest over the past few days.

Rep. Lloyd Doggett, D-Texas, introduced legislation on tax deadline day to close offshore tax loopholes for corporations and encourage greater financial transparency.

Married same-sex couples are awaiting a decision by the Supreme Court to help them resolve their tax-filing challenges on tax day.

CCH has released a new tax briefing analyzing President Obama’s fiscal year 2014 budget and the tax ramifications of the President’s proposals.

President Barack Obama and First Lady Michelle Obama earned $608,611 in adjusted gross income in 2012, down 23 percent from 2011 as royalties from Obama’s books continued to decline, tax returns released today showed.

The Internal Revenue Service said Friday its Office of Professional Responsibility has disbarred a California-based CPA for “charging unconscionable fees, giving irresponsible advice to clients and making false statements to federal and state authorities, among other things.”

The American Institute of CPAs has sent congressional leaders a set of legislative proposals for reforming the civil tax penalty provisions of the Tax Code, arguing that some penalties are disproportionately severe and punish innocent conduct.

After initially filing a lawsuit against the Internal Revenue Service, the advocacy group Citizens for Responsibility and Ethics in Washington filed a rulemaking petition with the agency asking the IRS to revise its existing regulations to eliminate a loophole that allows certain tax-exempt groups to engage in substantial political activity while keeping the identities of their donors secret.

Two New Jersey tax preparers have pleaded guilty to preparing false tax returns.

Changes to the tax laws at the beginning of the year resulted in a delayed tax season in which the average tax refund declined slightly, according to a new government report.

Several tax preparers in New York City and Long Island have been arrested and prosecuted after investigations into the filing of false state and federal income tax returns.

As tax season winds down, it may be hard to think about work beyond the imminent and deserved time off, but there are points you can raise with clients to keep them coming to you for the rest of the year, too.

New documents from the Internal Revenue Service suggest the agency’s criminal tax division has been reading taxpayers emails without a warrant despite an appeals court decision saying that violates the Fourth Amendment.

Owning your own business is about doing the one thing you love to do, and 99 other things you dislike but must do, according to Roger Harris, president and chief operating officer of Padgett Business Services.

A group representing charitable organizations said it is concerned about a proposed cap to the charitable tax deduction included in President Obama's budget plan.

President Barack Obama formally unveiled the administration’s fiscal 2014 budget on Wednesday with some familiar proposals for tax reform, along with key concessions on entitlement reform.

In the midst of busy season, Philadelphia-based tax accountants Drucker & Scaccetti are taking a moment to enjoy the lighter side of taxes -- by hosting a special exhibit of great cartoons about taxes.

The Internal Revenue Service is planning an 18 percent reduction in its audits of large businesses in the current fiscal year, according to a new report.

The Internal Revenue has not established effective processes to ensure that its Privacy Impact Assessments are completed in a timely way, and are updated and made publicly available, with privacy policies posted on public Web sites for all required systems and collections of information, according to a new government report.