Tax practice

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.

Getting tax prep clients to use your tax practice’s portals can be a serious challenge, but communicating the familiar benefits of portals is an excellent first step, according to accounting and tax technology expert Roman Kepczyk.

Evidence suggests that some medical device manufacturers are shifting the burden of the medical device excise tax directly to American hospitals and other health care providers, an industry association charges.

The Internal Revenue Service re-launched its annual outreach campaign Friday, in conjunction with community organizations, to promote awareness of the Earned Income Tax Credit.

Senate Finance Committee chairman Max Baucus, D-Mont., and Sen. Jon Tester, D-Mont., have introduced legislation that would expand an existing tax credit for hiring veterans to encourage further hiring while making it easier for business claim.

Tax preparers charge an average of $246 to prepare an itemized Form 1040 with a Schedule A and a state tax return, according to a survey by the National Society of Accountants.

The Republican chairman of the tax-writing House Ways and Means Committee, Dave Camp, R-Mich., released a draft document Thursday proposing a series of tax reforms for various types of financial derivatives and other financial products, building on work done by his committee over the past two years.

President Obama nominated former prosecutor Mary Jo White as the next chair of the Securities and Exchange Commission.

The Internal Revenue Service is offering guidance on mortgage principal reductions in the federal government’s program for mortgage modifications for borrowers who have fallen behind on their payments.

The Internal Revenue Service said it will appeal a court’s ruling that it lacks the power to license tax preparers, a decision that might affect as many as 700,000 people who work on clients’ returns.

Four states have signed up for a new system aimed at combating the growing problem of identity theft-related tax fraud.