Tax practice

An IRS contractor billed the agency $782,000 in dubious labor and travel charges between 2001 and 2006, according to a report by the Treasury Inspector General for Tax Administration.

The Internal Revenue Service wants ordinary taxpayers to offer suggestions on how to improve tax preparer performance.

A federal grand jury has indicted an IRS revenue officer for pressuring delinquent taxpayers to refinance their mortages with a company for which he worked on the side so they could pay their outstanding tax debts.

The IRS and the Treasury Department have issued final regulations clarifying how and when certain small tax-exempt organizations must file an annual electronic notice.

The Internal Revenue Service has released a new version of Form 656-B, “Offer in Compromise Booklet,” and a revised Form 656, “Offer in Compromise.”

IMGCAP(1)]Part of a CPA’s job is to evaluate the potential tax benefits of various business and estate planning strategies.

Treasury Inspector General for Tax Administration J. Russell George asked tax professionals to provide his office with information on other preparers who are acting unethically or illegally as the IRS prepares to overhaul regulations for practitioners.

Many shareholders would love to get a chance to vote on whether the CEO of a company whose stock price is going down the tubes deserves a raise next year.

Fifteen states and the District of Columbia will be offering tax holidays for back-to-school shopping on various days this month and next, according to a report by CCH.

Recent changes in the tax treaty between the U.S. and Canada will have an impact in a variety of areas, including 401(k) contributions and stock options, as well as the ability of taxpayers to move across borders.

States across the country saw their tax revenues for the first quarter of 2009 drop by a record percentage, according to a new report.

The Internal Revenue Service cannot easily keep track of the activities of paid tax preparers, nor of their compliance with tax laws, according to a new report by the Treasury Inspector of Tax Administration.

IRS agent Albert Bront threatened to kill a group of U.S. Treasury agents when they tried to search his home earlier this week.

Many businesses may soon find they cannot obtain or renew a license unless they are current with both their state and federal taxes.

PDI Global has introduced an online version of its 2009-2010 Tax Planning Guide that accounting firms can put on their Web sites and market to clients.

The Internal Revenue Service has expanded its lists of “transactions of interest” and “listed transactions” that taxpayers must disclose if they are participating in any of them.

House Democrats have introduced health care legislation that would impose a surtax on upper-income taxpayers, and penalties on many small businesses that don’t provide health insurance coverage to employees.

The TV networks have been on a letter-writing campaign lately in an effort to dissuade Congress from ending the expensing of ads by pharmaceutical companies.

The Internal Revenue Service plans to hold a series of public forums this summer to get input on regulating tax preparers.

House Ways and Means Committee Chairman Charles Rangel, D-N.Y., has been called to the White House to discuss his proposed surtax on the wealthy to pay for health insurance reform.