Tax practice

A tax preparer in the Bronx has been convicted by a jury on 43 counts, including corruptly impeding the enforcement of the tax laws, filing false tax returns for himself, and preparing numerous false tax returns for others.

The Internal Revenue Service plans to start fingerprinting thousands of tax preparers as part of its oversight program and run the fingerprints through an FBI database.

The Internal Revenue Service introduced a new voluntary compliance program Wednesday to convince employers to resolve their past issues with classifying employees as independent contractors.

Fewer tax returns were prepared accurately this year at the Volunteer Income Tax Assistance sites sponsored by the Internal Revenue Service compared to last year, according to a new government report.

The Internal Revenue Service’s IRS2Go smartphone application has been judged to be secure, but a new government report criticizes the agency for using a non-approved programming development language and skirting the traditional approval process.

IMGCAP(1)]As an accountant, I have a unique vantage point to observe how entrepreneurs change their decisions based on tax policy.

A bipartisan group of 75 lawmakers has written to IRS Commissioner Doug Shulman asking him to fix inequities in the Tax Code that place married same-sex couples and registered domestic partners at a disadvantage.

The two leaders of the Senate Finance Committee have introduced legislation to make the simplified research and development tax credit permanent.

The Internal Revenue Service and the Labor Department have signed a memorandum of understanding to improve the agencies’ coordination on stopping businesses from misclassifying employees as independent contractors to avoid providing employment protection.

President Barack Obama introduced a $3 trillion deficit reduction plan on Monday that includes a new tax on millionaires, lower corporate tax rates, and the closing of tax loopholes and tax breaks, especially for the wealthy.

Canadian Finance Minister Jim Flaherty has written a letter to several U.S. newspapers about his concerns over recent efforts by the U.S. government to force banks into disclosing the financial information of dual U.S. and Canadian citizens and other Canadians.

Credit Suisse has reached an agreement with German prosecutors to pay 150 million euros, or approximately $204 million, to resolve a tax dispute stemming from secret accounts at the Swiss bank belonging to German citizens.

Taxpayers who tried to appeal a tax lien or levy for unpaid taxes to the Internal Revenue Service’s Office of Appeals did not always receive the right kind of hearing or their requests were sometimes misclassified, according to a new report.

President Barack Obama is expected to propose a new tax rate for millionaires as part of his long-term deficit reduction plan on Monday.

President Obama signed the patent reform bill into law on Friday with provisions outlawing patents on tax strategies.

Taxpayers still trying to cope with the fallout from the recession are expected to get some tax relief next year from mandatory annual adjustments in tax brackets, according to CCH.

The Internal Revenue Service said the competency exam for Registered Tax Return Preparers will be available starting in October.

Will $447 billion in new taxes help to create jobs, or kill them?

The Internal Revenue Service has gotten 12,000 new applications under its 2011 voluntary disclosure program of offshore bank accounts, pushing the total number of disclosures to 30,000 since 2009, when the IRS began offering a way for U.S. taxpayers to voluntarily disclose their foreign bank accounts.

A New York tax preparer has been sentenced to a year and a day in prison for filing false tax returns containing fictitious and inflated tax deductions and credits.