Tax practice

A new audit report by the Treasury Inspector General for Tax Administration indicates that the IRS is not efficiently or effectively processing information referrals, including identity theft claims.

The Internal Revenue Service’s Criminal Investigation Division needs to make sure its special agents are taking and passing required firearms training, according to the Treasury Inspector General for Tax Administration.

Jackson Hewitt Tax Service has agreed with Sears to provide tax prep services in most Sears locations nationwide starting in January.

The Securities and Exchange Commission charged the chief financial officer of a Minnetonka-based computer networking device manufacturer with illegally diverting company funds to cover his own personal expenses and other employees’ non-business entertainment expenses.

A report by the Treasury General for Tax Administration has found that IRS revenue officers did not always involve taxpayers’ representatives appropriately in taxpayer interactions during the collection process.

Income acceleration techniques for 2012 year-end planning

Highlights in tax from the previous month

Estate planning strategies for confusing times

In an election season where taxes spark debate among all political camps, much of the dialogue has been focused on corporate tax rates impacting U.S. businesses.

The U.S. Justice Department and the Internal Revenue Service are working to head off identity theft aimed at stealing people’s tax refunds when the filing season begins in January, the government’s top tax prosecutor said.

The Internal Revenue Service is changing the procedures for the tax withholding program used by foreign entertainers and athletes who want to work in the U.S.

The Internal Revenue Service is reminding taxpayers (and their tax preparers) that the tax-filing and payment deadline runs out on Oct. 15.

The Internal Revenue Service has updated the per diem rates for taxpayers to use in 2012-2013 when substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home.

For the eighth consecutive year, the Internal Revenue Service has chosen CCH to provide the agency with comprehensive sales tax rate and taxability tables that can be used by millions of taxpayers in preparing their returns.

The Internal Revenue Service is warning tax professionals that starting October 1, it will no longer accept paper-based applications to become electronic filing providers.

A new report from a Treasury watchdog revealed that federal agencies owe approximately $14 million in unpaid taxes.

Preparers’ reactions range from annoyance over spam to concern over online privacy as they’ve learned that the IRS is publicly releasing some of the information it collects as part of its Preparer Tax Identification Number registration.

Taxpayers can generally deduct ordinary and necessary expenses for conducting a trade or business or for the production of income.

The Internal Revenue Service Statistics of Income Division has released its 2012 Summer SOI Bulletin, with a number of articles based on the most recent data available from various returns filed by U.S. taxpayers.

The Treasury Inspector General for Tax Administration, in an audit to assess the IRS management of the Electronic Federal Tax Payment System, found that business taxpayers were effectively transitioned to electronic payments, but were not always timely contacted when payments were missed.