Tax practice

The Senate passed a patent reform bill on Tuesday that contains provisions banning patents on tax strategies.

The Senate Finance Committee held hearings Tuesday to consider the Tax Code’s effect on job creation and economic growth.

The Internal Revenue Service has released information in eight foreign languages about its 2011 Offshore Voluntary Disclosure Initiative for taxpayers with undisclosed offshore accounts.

The Internal Revenue Service needs to strengthen its controls over its investigative equipment to prevent waste and loss, according to a new government report.

The Internal Revenue Service has undercut the effectiveness of its electronic filing mandate because of the legal interpretation of the word “file,” according to a new government report.

Most corporate tax exemptions, contrary to political rhetoric, are generally available to all businesses, not just to particular “special interests,” according to a new analysis by the Tax Foundation.

President Obama credited the tax cut extension deal he forged with Congress for helping to turn around the unemployment problem.

The accounting profession’s drive for a more predictable and user friendly Federal Tax Code seems to be gaining traction with at least one segment of Congress: the freshly-elected corps of Tea Party activists and their conservative allies in the House and Senate.

We used to employ an editor at our company who no matter how frequently he screwed up - and believe me it was frequent - he nevertheless considered himself blameless.

The Internal Revenue Service has released the latest version of its discussion and rebuttal of many of the more common frivolous arguments made by individuals and groups that oppose compliance with federal tax laws.

The Internal Revenue Service is planning another series of tax forums at several major cities this year.

Nearly 19 million tax returns have been filed with the Internal Revenue Service from home computers so far this year, an increase of almost 6 percent compared to the number of returns from the same time last year, the IRS said Friday.

Tax reform for business isn’t just about lowering the corporate tax rate. That’s what Patricia Thompson, chair of the AICPA’s Tax Executive Committee, told the House Ways and Means Subcommittee on Select Revenue Measures yesterday.

The House approved a repeal of the expanded 1099 information reporting requirements by a vote of 314-112 on Thursday.

The House moved one step closer to repealing the expanded 1099 information reporting requirements in the Affordable Care Act and Small Business Jobs Act on Wednesday by approving a controversial offset to the cost of the repeal.

Senators Scott Brown, R-Mass., and Bill Nelson, D-Fla., introduced a bill Wednesday that would give taxpayers an itemized receipt showing where their money is being spent and how much the federal government borrows every year.

A former seasonal employee with the Internal Revenue Service has been indicted by a federal grand jury on charges of computer fraud for changing information on IRS computer systems after her friends and relatives paid her to give them bogus First-Time Homebuyer Tax Credits.

The Senate Finance Committee convened a hearing Tuesday aimed at making the Tax Code fairer and simpler, while making U.S. businesses more competitive.

The Internal Revenue Service has released the limitations on depreciation deductions for owners of passenger automobiles first placed in service by the taxpayer during calendar year 2011.

The Internal Revenue Service needs to improve its procedures for processing cases involving taxpayers who fail to properly disclose reportable transactions, according to a new government report.