Tax practice

It’s easy to understand the IRS Small Business/Self-Employed Division’s rollout of its program to request QuickBooks or Peachtree files from small business taxpayers under examination.

The Justice Department said Thursday it is trying to get a court order that would allow the Internal Revenue Service to request bank account records from HSBC Bank’s India unit to help identify U.S. residents who are evading federal taxes.

JK Harris & Company has been ordered to pay $800,000 in refunds to its Texas clients after the Texas Attorney General won a lawsuit against the tax debt representation firm.

The White House has debuted a new online calculator to help taxpayers understand how last December’s tax cut legislation is affecting their paychecks and household finances.

New York City officials have conducted a citywide crackdown on fraudulent tax preparers, handing out violations to one in three tax preparers visited by inspectors.

The Internal Revenue Service issued its annual list Thursday of the “Dirty Dozen” tax scams it has seen this tax season.

A bipartisan group of senators has introduced a bill that would end unemployment payments to jobless millionaires.

Internal Revenue Service Commissioner Doug Shulman described his vision for a next-generation tax compliance system that would allow the IRS to pre-populate a taxpayer’s return with W-2, 1099 and other information reporting forms before a taxpayer files a return.

For busy accountants who are responsible for filing taxes on behalf of the approximately 82 million out of 228 million American adults who opt to use professional services, tax season is an emotionally wrought time.

CCH has expanded its Expert Treatise Library with two new treatises on international and state taxation.

As Washington moves closer to the brink of a federal government shutdown, the battle lines are already being set for the next budget turf war.

The Internal Revenue Service issued guidance Tuesday designating the earthquake and tsunami in Japan in March 2011 as a qualified disaster for federal tax purposes.

House Republicans issued their fiscal year 2012 budget plan, including a provision that would lower the top tax rates for individuals and corporations to 25 percent.

The Senate voted Tuesday to repeal the expanded 1099 information reporting requirements in last year’s health care reform and small business laws, sending the repeal to President Obama’s desk.

The Internal Revenue Service has published guidance for taxpayers in the telecommunications industry with the aim of resolving long-running tax disputes involving the capitalization and depreciation of network assets.

The Internal Revenue Service said Monday it is looking for nominations for its Information Reporting Advisory Committee, which provides outside advice on information reporting and administration issues.

The Internal Revenue Service reminded taxpayers and preparers Monday that they have only two weeks to go before the April 18 filing deadline.

Approximately half of U.S. taxpayers are uneducated about the risks of identity theft during tax season, according to a new survey, but the majority trust their tax preparers.

A pair of Republican lawmakers on the House Ways and Means Committee plan to formally request an IRS investigation of the AARP’s tax-exempt status, accusing the group of profiting from its health insurance business.

The Internal Revenue Service has offered guidance on the new 100 percent bonus depreciation in last year’s tax extension and small business legislation.