Tax practice

Only a handful of days remain to execute year-end tax strategies. Some techniques for this year reprise traditional advice that has legs year after year, while others, including reaction to whatever this year's lame-duck Congress has wrought, have a unique sense of urgency.

Washington, D.C. - An Internal Revenue Service advisory committee has issued a report calling for a number of changes in the IRS's information reporting rules, including the controversial provision in the health care reform bill that mandates expanded 1099 information reporting for businesses.

IRS DIDN'T FLAG $111.4M IN ERRONEOUS TAX CREDITS

Proprietary tax research platforms continue to grow despite the availability of free searches and materials over the Internet, with all the major publishers of Internet-based research reporting growth.

Only a handful of days remain to execute year-end tax strategies. Some techniques for this year reprise traditional advice that has legs year after year, while others, including reaction to whatever this year's lame-duck Congress has wrought, have a unique sense of urgency.

Washington, D.C. - An Internal Revenue Service advisory committee has issued a report calling for a number of changes in the IRS's information reporting rules, including the controversial provision in the health care reform bill that mandates expanded 1099 information reporting for businesses.

IRS DIDN'T FLAG $111.4M IN ERRONEOUS TAX CREDITS

Proprietary tax research platforms continue to grow despite the availability of free searches and materials over the Internet, with all the major publishers of Internet-based research reporting growth.

Only a handful of days remain to execute year-end tax strategies. Some techniques for this year reprise traditional advice that has legs year after year, while others, including reaction to whatever this year's lame-duck Congress has wrought, have a unique sense of urgency.

Former President Bill Clinton stood alongside President Barack Obama at a news conference and endorsed Obama’s deal with congressional Republicans to extend the Bush-era tax cuts and unemployment benefits.

Senate Majority Leader Harry Reid, D-Nev., has introduced a bill to extend the Bush tax cuts and unemployment benefits.

Security for IRS employees is the top management challenge facing the Internal Revenue Service next year, according to a new government report.

IRS Commissioner Doug Shulman said the IRS may re-open its voluntary disclosure program, offering a partial amnesty to tax evaders who have been hiding money in foreign bank accounts.

House Democrats met Thursday and overwhelmingly voted to block the Bush tax cut extension compromise announced earlier in the week by President Obama and Republican congressional leaders.

President Obama’s announcement on Monday of a compromise agreement with the Republican leadership should bring some end-of-year certainty to the tax landscape, but questions remain.

The controversial WikiLeaks cache of hundreds of thousands of documents from the U.S. State Department has been yielding many surprises, despite protestations to the contrary.

Edward S. Karl, vice president of taxation for the American Institute of CPAs, will host the U.S. Small Business Administration’s year-end tax-planning Web chat on Thursday.

Areas with large African-American and Hispanic populations are subjected to Internal Revenue Service enforcement actions at double the rate of the general population, according to a new analysis.

The Tax & Accounting business of Thomson Reuters is launching its first-ever series of federal tax eBooks, the first of which will be released on Friday.

President Obama held a news conference in which he sought to quell criticism from lawmakers from his own party of the deal he had struck with Republicans to preserve the Bush tax cuts even for upper-income earners for two more years.