Tax practice

The Internal Revenue Service plans to begin accepting corporate, partnership and tax-exempt returns starting at 9:00 am Eastern Time on Monday, but with some important exceptions.

The U.S. Bureau of Labor Statistics reported Friday that nonfarm payroll employment increased by 157,000 in January, but the unemployment rate ticked up a tenth of a percentage point to 7.9 percent.

The start of 2013 unfortunately brings with it the need to integrate into your clients' tax planning some new threshold amounts that have been added to the Tax Code.

A roundup of news in tax from the previous month

Your clients may want to appeal their assessments

Some taxpayers seeking a quick refund may have to wait longer than usual this year as the Internal Revenue Service tries to stop criminals who steal others’ identities and file fraudulent returns.

The chairman of the House Ways and Means Committee’s Oversight Subcommittee is asking the Internal Revenue Service why its Web site continues to provide confusing information about the IRS’s recently invalidated tax preparer regulation requirements.

Without some kind of accepted certification program, the taxpaying public has no way of knowing if a person who says that they are a professional tax preparer has any training or experience. The answer would be some kind of voluntary “certification program” where a tax preparer could receive a universally accepted professional designation based on testing or credentials.

The Internal Revenue Service is promising more video conferencing assistance for taxpayers, social media tools and an improved Web site as it launched tax season Wednesday, along with stepped-up efforts to protect taxpayers from tax refund fraud and identity theft.

A federal court has denied H&R Block’s effort to stop Intuit from continuing to air a pair of TV commercials for TurboTax that comically suggested tax prep franchise employees worked as plumbers and clothing store clerks outside of tax season.

The Internal Revenue Service is scheduled to begin accepting individual income tax returns starting Wednesday.

CCH has introduced the CCH Code & Regs 2013 App, a mobile app for Apple iPhone and iPad and Google Android devices.

This fall the IRS will send out CP2100 and CP2100a Forms, or “B” Notices, to payers who filed incorrect or incomplete forms including those with incorrect name and Taxpayer Identification Number data.

Secretary of the Interior Ken Salazar has asked the National Park Service to conduct an internal review of the Federal Historic Preservation Tax Incentives Program to ensure the program is maximizing opportunities to use historic preservation to promote economic development and revitalization of communities, particularly in urban areas.

A federal judge has directed the Internal Revenue Service to issue a summons requiring the Swiss bank UBS to produce information about U.S. taxpayers who were trying to evade U.S. income taxes by holding accounts at other Swiss banks that did business with UBS.

The Internal Revenue Service has joined the popular microblogging service Tumblr, expanding the IRS’s array of social media networks.

Tax executives from Global 2000 companies are increasingly relying on tax compliance strategies and planning when dealing with sales and use taxes and indirect taxes like the value-added tax.

A group of New Jersey CPAs are making themselves available to answer tax questions from the public during tax season.

The IRS said today that processing of tax returns claiming education credits will begin by the middle of February.

A trio of tax preparers who successfully sued the Internal Revenue Service to halt its mandatory testing and continuing education requirements is contesting the IRS’s request for a federal judge to suspend his ruling against the agency while it mounts an appeal.