Tax practice

tax preparer, enforcement, irs

The use of carbon taxes and other forms of “green” taxation to improve the environment and raise government revenue requires careful planning, recommends a position paper from the Association of Chartered Certified Accountants.

Seven New Englanders have been indicted in Boston for conspiracy to defraud the U.S. government after they were accused of promoting multiple tax fraud schemes.

A former UBS banker who cooperated with the U.S. investigation of the Swiss bank was sentenced to over three years in jail for helping a billionaire real estate developer evade $7.2 million in taxes.

A former CFO who embezzled money from the magazine publishing company he helped run has been sentenced to two years in prison and three years of supervised release.

A Swiss banking executive and lawyer have been indicted on charges of conspiring to defraud the U.S. in a sign that the IRS is now looking beyond UBS in its international tax enforcement efforts.

The Internal Revenue Service does not have a standardized process for monitoring the progress of its research projects, nor a way to validate the results or measure the impact of its research efforts on tax administration.

A new study from sales tax software vendor Sabrix found that 95 percent of the companies it surveyed underestimated their sales tax liability and nexus footprint across state lines.

A California accountant has pleaded guilty in a case in which he and an attorney have been charged with evading millions of dollars in taxes earned from the sale of public shell companies.

Swiss bank UBS will turn over the names behind 4,450 accounts as part of an agreement announced Wednesday between the U.S. and Swiss governments.

The Internal Revenue Service has set Wednesday, Sept. 2, as the second date in a series of public forums to discuss performance standards for tax preparers.

IRS Commissioner Douglas Shulman has been chosen as the new chairman of the Organization for Economic Cooperation and Development’s Forum on Tax Administration.

IRS Commissioner Douglas Shulman has been chosen as the new chairman of the Organization for Economic Cooperation and Development’s Forum on Tax Administration.

A federal court in Seattle has permanently barred a prison inmate from promoting a tax avoidance scheme that attracted over 44,000 customers and earned over $50 million.

A California man has agreed to plead guilty to a scheme to move over $1 million into secret Swiss bank accounts at UBS via a fake business the bank helped him set up in Hong Kong.

With trillion-dollar deficits, cap-and-trade and nationalized health care on the horizon, the issues involving the possible registering and licensing of tax preparers seem trivial. Yet the ability to fund the deficits and pay for a nationalized health care system ultimately depends on the ability of the federal government to collect tax.

In a decision that could have major implications for accountant work-product privileges, a federal appeals court has reversed a lower court decision and ordered aerospace and defense contractor Textron to hand over tax accrual work papers to the IRS as part of an investigation of tax shelters.

The Treasury and Energy Departments plan to give $2.3 billion in tax credits from the Recovery Act to manufacturers of clean energy equipment.

The U.S. and Swiss governments have reached an agreement on a lawsuit in which the IRS had been seeking the identities of the U.S. taxpayers behind 52,000 secret accounts at the Swiss bank UBS.

For its final pièce-de-résistance, the Treasury Department has sent the last component of its financial regulatory reform legislative onslaught to Capitol Hill, even though lawmakers have supposedly gone home for recess.